Commercial Loan Modification USA is now hosting an exclusive weekly webinar with Adam Von Romer of Commercial Capital Advisors, LLC. Adam Von Romer, our chief bank negotiator, is a commercial real estate broker and CCIM who has successfully performed commercial loan workouts for dozens of banks over the past 20 years. The commercial loan modification training webinar is free to attend and is created to inform commercial property owners how the commercial loan modification process actually works.

Some of the topics to be covered in upcoming commercial loan modification training webinars include:

• The effect of recent government legislation on commercial loan workouts.
• The potential economic damage that could result from massive commercial real estate foreclosures.
•  Government strategies to deal with the commercial loan crisis.
•  How banks are approaching the commercial loan modification process.
•  What banks are looking for in a commercial workout proposal.
• How to indentify if a commercial property and commercial owner are a good candidate for a successful workout.

There are 500 billion dollars of commercial loans coming due in 2010 and many more billions in delinquent commercial loans sitting on the books of major banks.

Banks are acting aggressively right now to foreclose on commercial property owners.

If you purchased an apartment building or other commercial real estate property in the last five years you have probably seen the value of your investment plummet by at least 40%. Now is the time to protect yourself from over reaching banks and avoid foreclosure.  Attend our commercial loan modification training: Register Here Now

Please join us as we interview Adam Von Romer of Commercial Capital Advisors, LLC. Adam is our chief bank negotiator and has been performing successful commercial loan workouts for the past 20 years. Register Now

***If you are unable to attend our scheduled live webinar, please download a copy of a recent webinar Here

In our free commercial loan modification training webinar you will learn:

1.  What is a Commercial Loan Modification?
2.  What properties and borrowers qualify for a commercial loan modification?
3.  How a commercial loan modification can help a commercial real estate owner stay in business.
4.  Why banks are eager to perform commercial loan modifications.

If you are a commercial real estate owner who owns a property in financial distress or if you know of someone who is, this might be the most important event that you attend all year.

I look forward to seeing you there! Register Here Now

Who should attend our Commercial Loan Modification Webinar?

• Apartment Building Owners
•  Strip Mall Owners
•  Office Building Owners
• Hotel and Motel Owners
• Commercial Real Estate Agents
• Commercial Mortgage Brokers
• Certified Public Accountants
• Real Estate Attorneys

Sincerely,
Ted Karsch
Commercial Capital Advisors, LLC

1. Research and Underwriting
   1. File is submitted and reviewed
   2. Collection of all required documents (additional documents may be requested)
   3. Notice of appearance presented to Lender
   4. Establishing Lender guidelines for submittal
   5. Financial Reconstruction of File (Present Value, Market Value, Stabilized Value)
   6. Market Analysis, comparable sale, rental rates, velocity study
   7. Legal department review of Note, Mortgage, Deeds (Legal Sufficiency)
   8. Creation of initial workout package
2. Delivery of Proposal
   1. Submittal of initial package to Lender
   2. Receipt Confirmed and verified
   3. Review with Special Asset Manager/Loan Officer
   4. Request for comments
   5. Review of comments and counter proposal if necessary
   6. Request modification/workout letter terms sheet and commitment
3. Finalization of Modification
   1. Lender approval
   2. Review Lender modification documents
   3. Present documents to client with recommendations
   4. Present modification documents to Lender with comments or executed
   5. Receive Lender acknowledgement and recordation if required
   6. Case is closed and electronically stored.

The anticipated time between intake and settlement is usually between 60 and 90 days with the majority of cases falling somewhere around the 60 day mark. Notices of Default (NOD), Sales Date Notices, and other judicial proceeding can substantially shorten the time we have to react therefore the refund policy at the point is void as is the rescission period.

If no judicial action has been taken and we are unable to obtain a modification for the client the entire fee will be refunded to the client less the $3,500 research and processing fee. All monies not due and owing will be escrowed and the client will be provided an “escrow letter” indicated where the money is escrowed and who is holding the escrow typically we have our attorney hold it in a local commercial bank.