Comments on: Property Management in Tough Times http://www.swartzcre.com/observations/2009/01/property-management-in-tough-times/ Thoughts on Commercial Real Estate Fri, 27 Mar 2009 18:30:42 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: sylvan http://www.swartzcre.com/observations/2009/01/property-management-in-tough-times/comment-page-1/#comment-6 sylvan Fri, 27 Mar 2009 18:30:42 +0000 http://www.swartzcre.com/observations/?p=34#comment-6 Sometimes an owner in financial trouble needs to sell and take the required financial hit. If a property is losing money and credit is not possible there are not too many choices. If the loss on sale causes even more pain a bankruptcy or even a foreclosure may be required. Of course a discussion with the lender should be the first thing tried to see if they can get some mortgage relief. If it looks like it may eventually work out better for the lender they may just do that. Sometimes an owner in financial trouble needs to sell and take the required financial hit. If a property is losing money and credit is not possible there are not too many choices. If the loss on sale causes even more pain a bankruptcy or even a foreclosure may be required.
Of course a discussion with the lender should be the first thing tried to see if they can get some mortgage relief. If it looks like it may eventually work out better for the lender they may just do that.

]]> By: John Bradley Jackson http://www.swartzcre.com/observations/2009/01/property-management-in-tough-times/comment-page-1/#comment-5 John Bradley Jackson Sat, 17 Jan 2009 06:30:32 +0000 http://www.swartzcre.com/observations/?p=34#comment-5 Sylvan, Given the slow market outlook in 2009, what do you recommend for the owner of a commercial property who need is out of cash and out of credit? Sylvan,

Given the slow market outlook in 2009, what do you recommend for the owner of a commercial property who need is out of cash and out of credit?

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