Avoiding foreclosure on a commercial loan is a bit different than it's residential counter part. Whereas a residential loan has the best option of being a short sale, the commercial lender doesn't see this roll up of debt as a good thing. In fact, they may choose to foreclose simply because the … [Read more...] about Avoid Commercial Foreclosure
There's a lot out there written about Deed In Lieu of foreclosure and you can take it however you want. The real question you should ask yourself is [box type="info"]Why is the bank so excited about a Deed In Lieu?[/box] It's because it saves them money on foreclosing on you and still allows … [Read more...] about What is a Deed In Lieu Of Foreclosure?
The short answer is technically yes, the bank can change your locks. When you signed your closing documents you signed a security deed that likely allowed the bank to take care of the property in your absence. When the bank hires a contractor to verify if the property is occupied, he has two check … [Read more...] about Can the bank change my locks?