It is predicted by commercial real estate analysts that by 2013, approximately 1.5 trillion Cialis dollars in commercial loans will be maturing, many of them initiated between 2005 and 2007 during the peak of real estate valuation. With the value of commercial property investments dropping by an average of 40% since 2007, investors can be facing a dire situation with an inability to refinance the loans coming due, facing default and commercial property foreclosures.

The good news, however, is that lenders are now willing and able to assist commercial real estate borrowers to modify their loans to reduce the interest rate, extend the term of the loan, enable interest-only payments for a fixed period, and defer past due balances. As the mortgage crisis continues to deteriorate with the trend of commercial foreclosures on the heels of residential foreclosures, commercial loan modification is being encouraged as a reasonable solution with government incentives for lenders to keep commercial properties in the hands of their current owners, if possible. Due to relaxed Internal Revenue Service restrictions, borrowers no longer need to be in default to receive a commercial loan modification for certain types of loans, cialis prices meaning that a loan modification is now possible to negotiate without ruining credit and risking foreclosure.

There are certain qualifications that must be met by the borrower before a commercial loan modification is negotiated. It is to the benefit of the borrower to utilize the services of a loss mitigation professional who will begin with a forensic audit of the loan and examination of original documents to determine if any laws were violated by the lender at the time the original loan was made.

Due to the prevalence of such practices in recent years, such a review can provide the borrower with significant negotiating strength. A lender facing a possible lawsuit would be expected to be more amenable to approving a loan modification request.
Once qualified through a review process, negotiations with the lender can proceed. Since the lender would prefer to avoid lengthy and costly foreclosure proceedings only to end up with the unwanted ownership of an overpriced property, there is an expectation of a successful deal resulting that will benefit both the borrower and the lender.

Financial experts experienced with commercial loan modification procedures can advise, negotiate on the borrower’s behalf, and facilitate a successful transaction Tadalis SX to help commercial real estate borrowers avoid foreclosure and possible bankruptcy. In addition, a professional in the field has established relationships with lenders and banks and the ability to capitalize on those relationships on a client’s behalf to ensure the best possible outcome.

Author Bio: Recovery Financial (http://www.recoveryfinancial.net/) is privileged to be an accredited representative for Janus Capital Law Group (JCLG). Provides JCLG with marketing services, information gathering, commercial property foreclosure and access to their program.

Category: Finance
Keywords: avoid foreclosure, commercial property foreclosure, foreclosure prevention