Home > Dominion's Blog > Do commercial loan borrowers necessarily need to file bankruptcy to stop foreclosure?

Do commercial loan borrowers necessarily need to file bankruptcy to stop foreclosure?

Clients with commercial mortgage loans that are due often think bankruptcy is their only option to hold off the lender.

It has proven time and again that borrowers do not have to ruin their credit to forestall a foreclosure.

Borrowers have successfully negotiated extensions without the need for bankruptcy. Some borrowers have also received large discounts off their existing mortgage balance and have secured funds from a third party for them to pay off that discounted mortgage.

Advertisements
Categories: Dominion's Blog
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: