by admin | Jul 1, 2016 | Blog
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...
by admin | Jun 29, 2016 | Blog
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...
by admin | Jun 27, 2016 | Blog
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...
by admin | Jun 13, 2016 | Blog
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...
by admin | Jun 10, 2016 | Blog
by Steve Banegas There’s a saying used in every pool hall around the country, “Rack Em Up!” It’s what one player says to the other and it simply means to prepare the table for a new game of pool. I’ve always been intrigued by the phrase “Rack ‘Em Up.” Then I learned...
by admin | Jun 7, 2016 | Blog
The primary objective of a borrower advocate is to: 1) Educate a borrower on the CMBS structure, special servicer objectives, approval parties, etc. 2) Help the borrower understand its available options for the situation 3) Serve as an “interpreter” between the...
