by Tom Bell | Sep 30, 2021 | Business Law, Commercial, Financial Disputes, Mortgage Disputes
Your business is having financial issues, cash flow is tight, and you have defaulted on your business loan. What happens next and how do you work out of this situation? Having a brief understanding of commercial loan workouts is important for business borrowers to be...
by David Soble | Dec 2, 2020 | Contract Law, Mortgage Disputes, Real Estate Law
Are you behind on mortgage payments? Is your lender threatening foreclosure actions against you? Waiting on your lender to reach out to you with help is not going to improve your financial situation. Instead of facing a mortgage foreclosure, there may be other legal...
by David Soble | Jan 18, 2020 | Business Law, Financial Disputes, Mortgage Disputes
A recent question: “I co-signed on a commercial loan for a business that is owned by both my daughter and my son-in-law back in 2010. Now they are getting divorced. No one has paid on the loan since they filed for divorce. The bank just called me for the payment and...
by David Soble | Jan 18, 2020 | Mortgage Disputes
This question comes from Veronica of Commerce, MI, who writes: “We took a construction loan out to purchase a lot and build a 2500 sq. ft. home. The process has not been easy. However, now the builder is coming to us and asking us for an additional $80,000 on the...
by David Soble | Jan 18, 2020 | Financial Disputes, Mortgage Disputes
This question concerns a notice of mortgage foreclosure for a commercial property. Just so you know, commercial property, like residential property, can also be foreclosed upon. The question comes from Scott S. of Shelby Township, who owns a restaurant and the...
by David Soble | Jan 18, 2020 | Financial Disputes, Mortgage Disputes
Today I am answering a question from a homeowner in Clarkston concerning a mortgage dispute. He’s seeking a “mortgage resolution” to his problem. He writes: “I received a call from a new mortgage company stating that they now own my mortgage....
