The client owns four properties and one of them is a commercial property. However, all properties are cross collateralized to one lender. Due to economy downturn, the commercial proeprty has not been tenanted and the loan term …
is expiring, the lender is unwilling to extended the commerical loan term. Upon expiry, the lender immediately exericses thier bankruptcy management and confiscate all the property including residential property. We are able to raise funds for the client and clear the bad credit records, and save the client from foreclosure.