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| Question |
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If a bank has a troubled commercial loan, who can they sell it to?
If a bank has a troubled commercial loan, who can they sell it to?
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| By
hill10003 |
Posted on
04/24/09 Total Answers
3 |
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| Answers- |
| Anyone that wants to buy it. The level of "trouble" will determine the price, though. The worse shape it's in, the less money the back will get. |
| Answer by :
Jay S On Date
2009-04-24 13:06:35 |
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| There are businesses that invest in troubled commercial debt, just like there are places that buy bad credit card debt. This is a specialized business, sometimes called "work out specialists" because they have to work with the company to get them in a situation where they can pay off the debt. Commercial debt is usually non-recourse, which means that the owners are not guaranteeing it and, if there's collateral, only that collateral can be seized. |
| Answer by :
Ted On Date
2009-04-24 13:34:12 |
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| Hello Every body,
My name is Betty Dean, and I am from US, I want every body to thank Mr. Frank Petti for me, he help me with a loan of $30,000USD, within 12 hours and without know up front fee, which I used to pay my son hospital bills, if not for him I would have lost my son by now, incase any of you need a loan I want you to contact him because is the best person that can help you with a loan without know stress, you can contact him via email, out, frank_petti59@yahoo.com. |
| Answer by :
Betty Dean On Date
2009-04-25 00:56:34 |
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