Author Archive for: ‘dknight’

  • Copy This Commercial Loan Tactic………..

    Diana KnightThis recent (well done) LinkedIn article by Chris Nichols reminded me of the power and usefulness of the loan modification strategy in retaining valuable loan relationships. While most of us may associate loan modifications with Trouble Debt Restructuring (TDR) they are also used widely as a defensive mechanism to retain desirable credits. A loan modification is simply a 1- 3 page document executed by the borrower that modifies specific terms of the original note and or mortgage.

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