loan workout: When is it Time to Throw in the Towel on Financed Land? - 04/13/10 02:07 AM
NOTE:  I am not an attorney and this article merely relates different strategies I have seen friends and customers try when faced with land that is worth less than the amount borrowed against it.  Please visit our Professional Resources  page to find an attorney that knows far more about these issues than I do.  The goal of this article is to give landowners some frame of reference to engage in dialogue with their lender before the situation becomes desperate.
I hear the same story all too often about land developers and builders who hold on until the very end trying to … (2 comments)

 
Mike Fitzgerald (Fitzgerald Realty, Inc.)

Mike Fitzgerald

Atlanta, GA

More about me…

Fitzgerald Realty, Inc.

Address: 775 Berkeley Ave, Atlanta, GA, 30318

Office: 4(046) 035-4601

Discussion of land related topics moderated by Atlanta Land Broker, Mike Fitzgerald of Fitzgerald Land & Commercial Realty. Discussion focuses on residential subdivsion development, intown redevelopment, industrial and office land on green fields and brown fields. Land zoning, financing, environmental concerns and marketing techniques are also discussed.


Links

Archives

RSS 2.0 Feed for this blog