In our previous installment on loan workouts, we discussed being proactive in approaching a lender when a commercial loan is in trouble. Today, Attorney, Matthew Kirkpatrick walks us through the process of how a commercial loan default (a trouble asset) is handled with the bank. There are a many different ways loans can be negotiated […]
Its been nearly seven weeks since the State of California has been put on a statewide shelter in place order. During this time many businesses have struggled to make ends meet and many landlords are facing questions related to their own commercial loans. Today, Attorney, Matthew Kirkpatrick begins to address issues related to commercial loan […]
Recently, the California Third District Court of Appeals issued a ruling requiring servicers/lenders to provide detailed reasons why a borrower may be denied a modification. In the end, the question becomes, will this decision prove to be a useful tool for borrowers to obtain modifications of home loans? Only time will tell. As always, if […]
