Commercial lenders habitually defend themselves against any request to modify a commercial green trust cash payday installment loans direct lenders by the borrower. They do this partly out of habit and also because the borrower typically does not know how to prepare and present a loan modification plan. However, now is the time for commercial property owners to seek a commercial loan modification. The FED is urging banks to modify commercial loans because of the massive number of projected commercial loan defaults. As a result, a new industry of firms who specialize in commercial green trust cash indian tribal loans modifications is emerging.

There are some compelling reasons why lenders will listen to and work with a commercial loan modification specialist. First, foreclosure is a costly and time consuming process. Second, the lender is in the business of lending money, not running a commercial operation and, third, they need to get non-performing loans off their books so they have less loan loss reserves and more money to lend.

If a property owner fights the foreclosure process, it can dramatically increase the cost of the foreclosure for the lender. In fact, a good foreclosure attorney can drag out the foreclosure process for years. There have been cases where the foreclosure was found to be unenforceable because of procedural shortcuts taken when the mortgage was sold or taken over by another lender.

Should the borrower roll over and not fight the foreclosure, the lender still has a gauntlet of other issues that have to be navigated. They must sell the property quickly to avoid further financial losses. In today's market, the property rarely meets the reserve at auction. The lender must then hire someone to manage and maintain the property. If the complex has tenants, the banks must collect from a number of tenants rather than one mortgagee; new tenants require improvements and there are always repair and maintenance issues.

A lender in possession of commercial property faces the same marketing problems the original borrower had and was unsuccessful at solving. Marketing is time consuming and costly. Should a buyer be found, there is the overriding issue of the buyer finding financing. Financing is very hard to obtain in the current economic climate. The lender is looking at a long and costly marketing process.

There are some intangible issues as well. All the time the property is in the hands of the lender, they are faced with all of the liability issues. There is a lot of uncertainty. What if there is a hurricane or oil on the beach? What about the PR cost of foreclosing on a church?

For all these reasons, commercial lenders are more open to the short and inexpensive process of commercial green trust cash installment loans online approval modification. They will only listen when the proposal is presented in a language they understand and can relate to.