Attorneys – Help Consumers Avoid or Stop Foreclosures; What You Need To Know At A Minimum

San Francisco, CA (PRWEB) February 10, 2010

The panel consists of the best and the brightest consumer, real estate, bankruptcy and tax experts. Daniel Mulligan, nationally recognized consumer advocate and class action specialist and Pamela Simmons, co-author of California Mortgages, Deeds Of Trust, and Foreclosure Litigation will teach an advanced course in secured real estate transactions, truth in lending, securitization and the Mortgage Electronic Registration System, and current options to help homeowners stay in their homes or to negotiate the least detrimental way out.

Cathleen Cooper Moran will address bankruptcy court issues. William Joseph Purdy III will cover the all important tax impacts of foreclosure, bankruptcy, and debt relief. This full day seminar is being offered on February 17, 2010, 8:30 am to 5:00 pm at the Bar Association of San Francisco, 301 Battery Street, 3rd Floor, San Francisco, California.

Space is limited so register today at (415) 982-1600 or (click on February 17th event for more information or to register)


MBA Commercial Offers Short Sale Solutions for Distressed Commercial Properties to Avoid Foreclosure

San Diego, CA (PRWEB) August 11, 2010

MBA Commercial, one of San Diegos premiere commercial real estate brokers, has cash buyers available to relieve commercial real estate owners of unserviceable debt. Owners can save their credit by participating in a short sale versus a foreclosure. Lenders net approximately 15-20% more through a short sale than a foreclosure, providing them with incentive to satisfy a larger portion of debt.

According to MBA Commercial CEO Brian Yui, MBA Commercials access to ready buyers and ability to quickly and efficiently complete short sales on behalf of distressed property owners can significantly reduce damage to credit.

As MBA Commercial, Inc. predicted in late 2009, the wave of commercial foreclosures in San Diego is increasing. Researcher Real Capital Analytics Inc. reported that at the end of March 2010, San Diego County had 120 commercial loans in delinquent or default status, with a total value of $ 1.8 billion. According to Bloomberg L.P., in the first quarter of the year, 24.9% of San Diegos commercial mortgage backed securities loans were on watch lists as lenders anticipated near-term delinquencies. In response to this growing need, MBA Commercial has established a short sale unit comprising experienced negotiators and closers dedicated to assisting commercial property holders dispose of their non-performing assets.

The model is similar to residential short sales: For commercial owners carrying debt higher than the current value of their properties, MBA Commercial can provide a cash buyer for fair market value. MBA then negotiates with the lender to release the owners note for the value of the sale, even though the owner owes more than the property is worth. The owner of the building avoids foreclosure and the bank avoids the legal fees and carrying cost associated with a foreclosure. The lender ultimately nets more money and avoids the risk of taking title to the property.

In addition to short sales, MBA Commercial specializes in short payoffs. The company has bridge financing lenders who are able to loan the majority of loan payoff amounts. Bridge financing costs are generally two to five points with interest rates ranging from 12-15% depending upon securitization and assumption of risk. Much like choosing a short sale over foreclosure, short payoffs can save a commercial property owners credit as well reducing or eliminating personal guarantees.

MBA Commercial has long anticipated the downturn in San Diegos commercial property market and is now poised to assist owners in debt while generating profits for investors. Says Yui, These individuals become free of the debt they can no longer service and the properties are restored to profitability, benefiting the local economy. Its a win-win, something we dont often see in the current market.

MBA Commercial, Inc. is a leader in San Diego commercial real estate. MBA Commercial offers a turn-key solution for property management, leasing, sales and financing. Its new Short Sale Division provides bridge loans as well as short sale opportunities for commercial property owners. For further information, please call 888-248-6222.