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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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  • PropertyAccess Offers Investors REO-to-Rental Solution
    6 Feb 2012 at 6:34pm


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    Association Links
    National Association of Development Companies (NADCO) http://www.nadco.org/
       
    National Association of Government Guaranteed Lenders http://www.naggl.org/AM/
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    The Risk Management Association http://www.rmahq.org/RMA/

    ASSET SOLUTIONS GROUP SERVICES


    THIRD PARTY LOAN WORKOUTS
    Our specialty is to help SBA servicers and CDC lenders avoid costly and time consuming litigation connected to foreclosure. We charge no up front fees, as ASG services are paid for by our investors.

    SHORT SALE PACKAGES
    We have completed hundreds of short sale packages and have the experience and know how to assemble files that get approval and get closed. We understand the SBA paperwork, and can help smaller offices work through a default.

    NOTE PURCHASES
    Our investor group has the financial depth to close deals quickly. Our price range tolerance is from one million to over ten million dollars. We specialize in the hotel industry, but will look at any commercial property anywhere in the country.

    MEDIATION
    Sometimes the subtle third party approach is the most efficient method for forward movement on a file. Attorneys have a role to play, but often add an additional emotional charge to the situation that is not always helpful. Discretion is often the better part of valor. ASSET SOLTIONS GROUP is that discrete tool for the lender.

    ASSET PURCHASES AND ASSET LIQUIDATION
    When the foreclosure alternative will only produce a costly, difficult, and unproductive REO, ASSET SOULTIONS GROUP can purchase distressed properties, or assist in liquidating the asset through international auctions or bringing in one of our overseas buyers.

    SBA LOAN ASSUMPTIONS
    Sometimes it’s a simple matter of obtaining a qualified buyer that can assume the SBA loan. We understand that the paperwork is much simpler and can provide interested buyers to fill this role.

    SBA COMPROMISE PACKAGES
    The SBA likes complete organized packages, and we help guarantors with the paperwork and encouragement to get them completed and sent in.

    TRACK DOWN MISSING GUARANTORS
    Through our extensive investor network we can find and begin communication with the most resistant guarantors – even when they are out of the country!

    ALSO, we give RECEIVERSHIP / MANAGEMENT REFERRALS and ATTORNEY REFERRALS

     
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