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?
By
hill10003
Posted on
04/24/09 Total Answers
3
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
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
Hello Every body,
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Answer by :
Betty Dean On Date
2009-04-25 00:56:34
