Articles with keyword "Foreclosure

"

Room for Improvement

New space being leased in any office, retail, or industrial property will need to be tailored for a particular tenant. Alternations can range from relocating interior walls or partitions to full blown construction with all the trimmings. Like most lease issues, deciding who will bear the costs associated with the build-out and how these funds will be secured are matters open for negotiation. read more

Lenders Can Modify Commercial Notes

Businesses and individuals that own commercial property, such as free-standing buildings, office condos and larger centers, are finding that some lenders are willing to restructure their commercial loans as a result of the devastating impact of today's turbulent economy. Depending on the situation, lenders are acting to avoid a commercial mortgage default and finding creative ways to temporarily or permanently modify commercial loan terms. read more

Property Owner’s Guide to Understanding and Removing Mechanic’s Liens

Mechanic's liens are becoming more prevalent in a difficult economy. However, there are very specific legal obstacles a contractor must follow to perfect a mechanic's lien. Often, the contractor misses a step, which can result in an invalid lien. But the property owner has options for removing the lien. read more