Perspective
Aug. 7, 2012
Moneymaul: Who is going to modify my loan?
Borrowers need loan modifications, but who holds and/or services their loan may determine the borrower's ability to obtain a loan modification. By Gordon L. Gerson of Gerson Law Firm
Email newsletters fill our inboxes daily with conflicting headlines relating to whether there are more or less commercial loan defaults ahead. We only know for certain that thousands of commercial real estate loans will still need a life raft from the 2008 one hundred-year flood in the commercial real estate market.
Borrowers need loan modifications, but who holds and/or services their loan may determine the borrower's ability to...
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