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{"id":2953,"date":"2009-11-22T20:30:54","date_gmt":"2009-11-22T20:30:54","guid":{"rendered":"http:\/\/www.seonewswire.net\/?p=2953"},"modified":"2010-09-16T17:28:27","modified_gmt":"2010-09-16T17:28:27","slug":"dropping-the-other-shoe","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2009\/11\/dropping-the-other-shoe\/","title":{"rendered":"Dropping the Other Shoe"},"content":{"rendered":"

If your commercial real estate is foreclosed, what is your personal exposure?<\/p>\n

There was optimism that the real estate market was making a comeback and then \u2013 experts said it was looking really bad for commercial property owners and getting worse. This doesn\u2019t sit well with you when you realize that the vacancies in your 100 unit apartment building have soared upwards from 5% to 15%.<\/p>\n

It\u2019s no small wonder then that you have also been forking over more money every month to make the mortgage payments on both the first and second mortgages. One night while reviewing the dismal situation, you decide to quit throwing good money after bad and make a resolution to let the lender take the property in foreclosure.<\/p>\n

Being a smart businessperson you make a call to a lawyer first to ask what your personal liability is if the first or second lender forecloses on the property. Your (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

If your commercial real estate is foreclosed, what is your personal exposure? There was optimism that the real estate market was making a comeback and then \u2013 experts said it was looking really bad for commercial property owners and getting…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

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