Questions Answered by Joshua Stein, Author of the New Guide to Troubled Commercial Real Estate Loans for Lenders and Borrowers

Questions Answered by Joshua Stein, Author of the New Guide to Troubled Commercial Real Estate Loans for Lenders and Borrowers

The New Guide to Troubled Commercial Real Estate Loans for Lenders and Borrowers is available at the LexisNexis Store 

 

Liability: Why do you say that lender liability, to some degree, is old news?


Suggestions: In your book, you give seventeen suggestions for lenders to avoid lender liability claims. What is one example?


Borrower: When a Commercial Real Estate Loan is in trouble, what is the most important thing for a borrower to do?


Ground Rule: In your new book on troubled commercial real estate loans, you set out a lot of practical advice and you start with a ground rule - can you tell us about that?


Roadmap: Why a roadmap for dealing with troubled Commercial Real Estate Loans?


The Future: What about troubled loans in the future?


Yesterday & Today: Can you tell us about the similarity between today's real estate market crisis and yesterday's market boom?

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Comments

jennix1
  • 10-20-2010

I have a house in forclosure.The co-borrower on the loan wound up on the deed and we are no longer together....He did put any money towards down payment nor did he pay the mortgage while we were together. Now I want to sell house and he claims since he is on the deed he gets half of the money made on it...He refuses to sign off unless he is paid.The origanal loan was him stricktley as co-borrower and not supposed to be on deed..When Quicken loans sold the mortgage to GMAC they put him on deed yet the attorney's office could not produce document I signed at closing stating to add him to deed...What can I do to get him to sign off the deed? falling short of giving him money? He did not put any money down at closing nor pay a mortgage pmt.....

jennix1
  • 10-20-2010

I have a house in forclosure.The co-borrower on the loan wound up on the deed and we are no longer together....He did put any money towards down payment nor did he pay the mortgage while we were together. Now I want to sell house and he claims since he is on the deed he gets half of the money made on it...He refuses to sign off unless he is paid.The origanal loan was him stricktley as co-borrower and not supposed to be on deed..When Quicken loans sold the mortgage to GMAC they put him on deed yet the attorney's office could not produce document I signed at closing stating to add him to deed...What can I do to get him to sign off the deed? falling short of giving him money? He did not put any money down at closing nor pay a mortgage pmt.....