commercial properties - Loan Modification Forum

maja09 · 01-09-2009, 11:28 AM

hello Everyone... I am thankful that you have taken the time to create this website for everyone who needs help understandstanding what is going on with our economy particularly in the real estate market. Anyhow, I have a concern in regards to commercial properties. I have been wondering if loan modification is also applicable for commercial properties. If so, how do you handle it? Is it the same approach as residential properties? Reason for my asking is because I have friends who owns a commercial property and they are in need of loan modification? Please advise.

Thanks,

Moe Bedard · 01-09-2009, 01:14 PM

maja09,

They would need to contact the commercial loan lender and ask this question...........it may not be the same investors as the residential loans securities so they may not treat them the same.

maja09 · 01-09-2009, 01:31 PM

thank you for your reponse. This is helpful. i agree that the best way to find out things is to go directly to the source.

01-09-2009, 11:28 AM	#1 (permalink)
maja09 Junior Member Join Date: Jan 2009 Posts: 3 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	commercial properties hello Everyone... I am thankful that you have taken the time to create this website for everyone who needs help understandstanding what is going on with our economy particularly in the real estate market. Anyhow, I have a concern in regards to commercial properties. I have been wondering if loan modification is also applicable for commercial properties. If so, how do you handle it? Is it the same approach as residential properties? Reason for my asking is because I have friends who owns a commercial property and they are in need of loan modification? Please advise. Thanks,

01-09-2009, 01:14 PM	#2 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,888 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: commercial properties maja09, They would need to contact the commercial loan lender and ask this question...........it may not be the same investors as the residential loans securities so they may not treat them the same. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

01-09-2009, 01:31 PM	#3 (permalink)
maja09 Junior Member Join Date: Jan 2009 Posts: 3 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: commercial properties thank you for your reponse. This is helpful. i agree that the best way to find out things is to go directly to the source.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode