Here is an example of a real life deal.
The property was a retail shopping center with good positive cash flow. The ownership had purchased the property about 3 years earlier with a balloon loan and was unable to refinance it. They had put in considerable equity and the initial loan to value was 50%. The...
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GFCIB Blog
Short Sales
Arranging a short sale or deed with a lender is a great way to eliminate the possibility of a deficiency in a foreclosure. As long as you get a full and complete release....
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Hidden Treasures in Commercial Deals
There is an expression that you get the good with the bad, and yes, the bad with the good. It is critical to have a complete and thorough understanding of what you’re getting before you purchase a property. Such a transaction can be compared to a marriage, particularly, the vows of in sickness and in...
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Viewpoint: Timing Makes All the Difference in Mediation
I read this today and I wanted to share it
Viewpoint: Timing Makes All the Difference in Mediation....
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Publication 908 (10/2012), Bankruptcy Tax Guide
I wanted to share a good resource from the IRS
Publication 908 (10/2012), Bankruptcy Tax Guide....
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bank played tricks on foreclosures
I read this the other day and I wanted it to share it with all of you
http://www.qchron.com/editions/north/flushing-savings-bank-protesters-take-to-queens-streets/article_e16f722d-bb2a-587b-9b96-a8439c30a60d.html...
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Good Bye Relationship Banking
Banks are putting more and more performing loans into default for technical reasons.. Spoke to two new prospective clients within the last few days.. Same story.. Good bye relationship banking...
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