Hot Coals

Hot Coals

Hot Coals by Steve Banegas Someone said that you can walk across a bed of smoldering red hot coals and not burn your feet! In fact, this practice of walking across hot coals has been a favorite pastime exercise of various motivational speakers for decades. Sounds like...
Late Fee – Look Out

Late Fee – Look Out

Late Fee – Look Out Most loan documents have a definition for “Late Fee” and the definition goes something like this: “any payment not paid when due is subject to a (5%) late fee”. Most servicers are interpreting that to mean that a late fee of 5% can be applied...
How To Modify A Performing Loan

How To Modify A Performing Loan

How To Modify A Performing Loan Webinar Recording There is no such thing as simple in CMBS! Even the most ‘simple’ type requests – changing property management firms, getting a lease approved, getting funds from your reserve account – can take on a life of its own...
Do you like short lines or long lines?

Do you like short lines or long lines?

By:  Ann Hambly When you are checking out of the grocery store, do you search for the shortest line or the longest line? Why don’t you do the same thing when buying distressed commercial real estate properties? The line most people get in when buying distressed...
To Forbear or not to Forbear…that is the question

To Forbear or not to Forbear…that is the question

To Forbear or not to Forbear…that is the question By Ann Hambly The true definition of Forbearance is “a temporary postponement of mortgage payments. Forbearance is a form of repayment relief granted by the lender or creditor in lieu of forcing a property into...