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CDC Takes Advantage of Mediation on Loan Default
Curt Baker
Indiana Statewide Certified Development Corporation Executive Director Jean Wojtowicz recently had surprising results utilizing a little known tool available to all CDC offices to help in liquidation – Third Party Mediation.
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Citi Charged with Misleading Investors about Subprime Exposure
29 Jul 2010 at 7:38pm
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Third Party Default Assistance
ASSET SOLUTIONS GROUP was developed to address the needs of the commercial lending market. Our purpose is to find cost saving alternatives to foreclosure. Our number one goal is to work with lenders to provide a positive outcome where loans may be at or near default, in foreclosure, or held in receivership. All of this with minimal cost of time and money to the lender.
Loan Workouts And Note Purchases
Distressed guarantors and properties are time consuming and unpredictable. Bad can go to worse in a matter of days if not addressed quickly and correctly. Litigation can produce results, but the cost in terms of money and time can be prohibitive. Defaults can result in total write offs along with lingering potential liabilities. ASSET SOLUTIONS GROUP understands these issues, and has a proven track record to create positive results quickly.
Nonperforming loans are our specialty
It all comes down to one important factor - EXPERIENCE. We here at Asset Solutions Group dedicate our time and expertise to solving lender problems. PERIOD. Our knowledge base comes from doing hundreds of loan workouts and interventions. Our solutions are specifically tailored for Primary Lenders and the Small Business Administration Loan Servicers, who have neither the time, staff, or resources to resolve every default.
We produce options where none were thought to exist.
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