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investor
Participantnor-la-sd-guy. I like your posts but I don’t feel confident in things turning for the better next spring. Too many homes that should be in foreclosure aren’t, too many commercial loans going bad. I would feel more confident in your estimation if the foreclosure process was allowed to go its natural course, get through the bad loans and then come out the other side having gone through the worst of it. I agree with the football analogy guys above that too much reinflating of the bubble has been done, trying to get the market back up artificially to avoid the bottom but all they have done is to postpone the enivatable and possibly make it worse.
Participantnor-la-sd-guy. I like your posts but I don’t feel confident in things turning for the better next spring. Too many homes that should be in foreclosure aren’t, too many commercial loans going bad. I would feel more confident in your estimation if the foreclosure process was allowed to go its natural course, get through the bad loans and then come out the other side having gone through the worst of it. I agree with the football analogy guys above that too much reinflating of the bubble has been done, trying to get the market back up artificially to avoid the bottom but all they have done is to postpone the enivatable and possibly make it worse.
Participantnor-la-sd-guy. I like your posts but I don’t feel confident in things turning for the better next spring. Too many homes that should be in foreclosure aren’t, too many commercial loans going bad. I would feel more confident in your estimation if the foreclosure process was allowed to go its natural course, get through the bad loans and then come out the other side having gone through the worst of it. I agree with the football analogy guys above that too much reinflating of the bubble has been done, trying to get the market back up artificially to avoid the bottom but all they have done is to postpone the enivatable and possibly make it worse.
Participantnor-la-sd-guy. I like your posts but I don’t feel confident in things turning for the better next spring. Too many homes that should be in foreclosure aren’t, too many commercial loans going bad. I would feel more confident in your estimation if the foreclosure process was allowed to go its natural course, get through the bad loans and then come out the other side having gone through the worst of it. I agree with the football analogy guys above that too much reinflating of the bubble has been done, trying to get the market back up artificially to avoid the bottom but all they have done is to postpone the enivatable and possibly make it worse.
Participant[quote=Kingside][quote=investor]Putting morality aside, most commercial loans are non-recourse and have been for many years. .[/quote]
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Most commercial loans, certainly most real estate commercial loans that involve LLCs/Corporate entities, are personally guaranteed by the principal(s). In California, those personal guarantees are very much recourse, even after the lender forecloses non-judicially and credit bids to get a deficiency.
And the lenders do sue on them.[/quote]
Kingside. Someone forms an LLC or some other type of corporation to minimise/avoid personal liability, especially with the opening up of the new world centuries ago. Of course a lender today would like to have a borrower personally sign for a company’s loan or for a commercial loan.It reduces their exposure. Most investors don’t in order to avoid having to loose personal money if the investment goes bad. I won’t personally sign on a commercial loan but I do take a hit on the interest rate if I don’t.This has been standard practice for a long time. Talk to the folks at marcus and millichap. It does set up a kind of moral hazard but not personally signing for commercial loans is nothing new. Personal homes are different. Always have been. you have to personally sign for those loans.Participant[quote=Kingside][quote=investor]Putting morality aside, most commercial loans are non-recourse and have been for many years. .[/quote]
?
Most commercial loans, certainly most real estate commercial loans that involve LLCs/Corporate entities, are personally guaranteed by the principal(s). In California, those personal guarantees are very much recourse, even after the lender forecloses non-judicially and credit bids to get a deficiency.
And the lenders do sue on them.[/quote]
Kingside. Someone forms an LLC or some other type of corporation to minimise/avoid personal liability, especially with the opening up of the new world centuries ago. Of course a lender today would like to have a borrower personally sign for a company’s loan or for a commercial loan.It reduces their exposure. Most investors don’t in order to avoid having to loose personal money if the investment goes bad. I won’t personally sign on a commercial loan but I do take a hit on the interest rate if I don’t.This has been standard practice for a long time. Talk to the folks at marcus and millichap. It does set up a kind of moral hazard but not personally signing for commercial loans is nothing new. Personal homes are different. Always have been. you have to personally sign for those loans.Participant[quote=Kingside][quote=investor]Putting morality aside, most commercial loans are non-recourse and have been for many years. .[/quote]
?
Most commercial loans, certainly most real estate commercial loans that involve LLCs/Corporate entities, are personally guaranteed by the principal(s). In California, those personal guarantees are very much recourse, even after the lender forecloses non-judicially and credit bids to get a deficiency.
And the lenders do sue on them.[/quote]
Kingside. Someone forms an LLC or some other type of corporation to minimise/avoid personal liability, especially with the opening up of the new world centuries ago. Of course a lender today would like to have a borrower personally sign for a company’s loan or for a commercial loan.It reduces their exposure. Most investors don’t in order to avoid having to loose personal money if the investment goes bad. I won’t personally sign on a commercial loan but I do take a hit on the interest rate if I don’t.This has been standard practice for a long time. Talk to the folks at marcus and millichap. It does set up a kind of moral hazard but not personally signing for commercial loans is nothing new. Personal homes are different. Always have been. you have to personally sign for those loans.Participant[quote=Kingside][quote=investor]Putting morality aside, most commercial loans are non-recourse and have been for many years. .[/quote]
?
Most commercial loans, certainly most real estate commercial loans that involve LLCs/Corporate entities, are personally guaranteed by the principal(s). In California, those personal guarantees are very much recourse, even after the lender forecloses non-judicially and credit bids to get a deficiency.
And the lenders do sue on them.[/quote]
Kingside. Someone forms an LLC or some other type of corporation to minimise/avoid personal liability, especially with the opening up of the new world centuries ago. Of course a lender today would like to have a borrower personally sign for a company’s loan or for a commercial loan.It reduces their exposure. Most investors don’t in order to avoid having to loose personal money if the investment goes bad. I won’t personally sign on a commercial loan but I do take a hit on the interest rate if I don’t.This has been standard practice for a long time. Talk to the folks at marcus and millichap. It does set up a kind of moral hazard but not personally signing for commercial loans is nothing new. Personal homes are different. Always have been. you have to personally sign for those loans.Participant[quote=Kingside][quote=investor]Putting morality aside, most commercial loans are non-recourse and have been for many years. .[/quote]
?
Most commercial loans, certainly most real estate commercial loans that involve LLCs/Corporate entities, are personally guaranteed by the principal(s). In California, those personal guarantees are very much recourse, even after the lender forecloses non-judicially and credit bids to get a deficiency.
And the lenders do sue on them.[/quote]
Kingside. Someone forms an LLC or some other type of corporation to minimise/avoid personal liability, especially with the opening up of the new world centuries ago. Of course a lender today would like to have a borrower personally sign for a company’s loan or for a commercial loan.It reduces their exposure. Most investors don’t in order to avoid having to loose personal money if the investment goes bad. I won’t personally sign on a commercial loan but I do take a hit on the interest rate if I don’t.This has been standard practice for a long time. Talk to the folks at marcus and millichap. It does set up a kind of moral hazard but not personally signing for commercial loans is nothing new. Personal homes are different. Always have been. you have to personally sign for those loans.Participant[quote=XBoxBoy]For all you fans of Elizabeth Warren.
http://www.youtube.com/watch?v=6W0vCgMRX0o%5B/quote%5D
Thanks X-boxboy. Love it!!! Wall street does need a new sheriff. The have bought way too much influence in DC.Participant[quote=XBoxBoy]For all you fans of Elizabeth Warren.
http://www.youtube.com/watch?v=6W0vCgMRX0o%5B/quote%5D
Thanks X-boxboy. Love it!!! Wall street does need a new sheriff. The have bought way too much influence in DC.Participant[quote=XBoxBoy]For all you fans of Elizabeth Warren.
http://www.youtube.com/watch?v=6W0vCgMRX0o%5B/quote%5D
Thanks X-boxboy. Love it!!! Wall street does need a new sheriff. The have bought way too much influence in DC.Participant[quote=XBoxBoy]For all you fans of Elizabeth Warren.
http://www.youtube.com/watch?v=6W0vCgMRX0o%5B/quote%5D
Thanks X-boxboy. Love it!!! Wall street does need a new sheriff. The have bought way too much influence in DC.Participant[quote=XBoxBoy]For all you fans of Elizabeth Warren.
http://www.youtube.com/watch?v=6W0vCgMRX0o%5B/quote%5D
Thanks X-boxboy. Love it!!! Wall street does need a new sheriff. The have bought way too much influence in DC. -
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