Commercial modifications? - Loan Modification Forum

CW California · 05-04-2009, 10:08 AM

The landlord for my business bought at the height of the market on an adjustable mortgage. Does anyone have any insight on how he could go about getting modified? Same old story with commercial properties? Are commercial properties dropping in value as fast as residential?

Moe Bedard · 05-04-2009, 10:15 AM

That is something that they would need to ask if the lender is doing as we wouldn't have that information available here on this forum.

CW California · 05-04-2009, 01:26 PM

Thanks ***. Maybe someone else can shed some light on this in the Investor Forum.

mrbarker · 05-07-2009, 10:15 PM

Have no light to shed. But... would imagine the same rules apply as for residential mortgages. Present to the lender the two options of modification or walking away from the property.

Depends on the lender and any investor. If it's an ARM he should check out his loan docs for possible violations.

05-04-2009, 10:08 AM	#1 (permalink)
CW California Senior Member Join Date: Feb 2009 Location: SoCal Posts: 1,127 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Commercial modifications? The landlord for my business bought at the height of the market on an adjustable mortgage. Does anyone have any insight on how he could go about getting modified? Same old story with commercial properties? Are commercial properties dropping in value as fast as residential?

05-04-2009, 10:15 AM	#2 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Commercial modifications? That is something that they would need to ask if the lender is doing as we wouldn't have that information available here on this forum. __________________ 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.

05-04-2009, 01:26 PM	#3 (permalink)
CW California Senior Member Join Date: Feb 2009 Location: SoCal Posts: 1,127 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Commercial modifications? Thanks ***. Maybe someone else can shed some light on this in the Investor Forum.

05-07-2009, 10:15 PM	#4 (permalink)
mrbarker Member Join Date: Jan 2009 Posts: 5 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Commercial modifications? Have no light to shed. But... would imagine the same rules apply as for residential mortgages. Present to the lender the two options of modification or walking away from the property. Depends on the lender and any investor. If it's an ARM he should check out his loan docs for possible violations.

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