Possible commercial real estate loan default pending. Looking for an intermediary to communicate with the bank and negotiate amicable terms if possible.
I think that most of the attorneys to whom you speak will probably advise you that the earlier you begin to communicate with the lender the better. When you call the lender the day before the trustee sale, you tend to have less leverage and fewer options.
THIS RESPONSE IS NOT LEGAL ADVICE. IT HAS BEEN PROVIDED FOR EDUCATION AND INFORMATION ONLY. Mr. Mann is licensed to practice in the State of California. There is no implied or actual attorney-client relationship arising from this educational exchange. Moreover, the facts provided by you were not sufficient to allow Mr. Mann to advise you specifically regarding what you should or should not do. You should speak with an attorney licensed in your state, to whom you have provided all the facts before you take steps that may impact your legal rights. Mr. Mann is under no obligation to answer subsequent emails or phone calls related to this matter, or to take any action whatsoever.
Real Estate Attorney
If your interested in a commercial loan modification, please call me. There is no charge for a telephonic or face-to-face consultation. That way we can get more information about your situation and whether or not we can assist you.
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