An Insider’s Guide for Debtors - What’s Behind the Curtain?

So, you borrowed money from that friendly bank whose sales team hounded you for months about the merits of “Relationship” banking and now you find yourself in a pickle because your property is underperforming and you’ve just received a default notice.  What once felt like a love fest has suddenly taken on a dark tone that has you awake at night and worrying how you are going to protect your equity and possibly even stay in business. 

You now realize that your friendly banker and you are at odds and while you may think you understand how to navigate this new phase of your relationship it is basically asymmetric, and you are in the dark as to what is happening behind the curtain at the bank.  A wrong step now can trigger an unvirtuous downward spiral or if you are lucky, you may just be able to “right the ship” with some deft moves.  What you don’t know and what your banker won’t tell you, is how much latitude you have, both in time and execution. 

An information vacuum is not your friend and depending upon the severity of your problem, your objectives may be totally misaligned with those of your lender.  How could that be you ask?  Why, doesn’t the bank just want to get paid current regardless of that covenant breach or other non-monetary default that lay lurking in the voluminous stack of documents you signed, but never really understood? 

Well, this is precisely the moment when you need to level the playing field with the benefit of advice from a group that understands the inner workings of the system and who can advise you how to deal with your problem and minimize your downside.  The former banking professionals of Associated Real Estate Consultants, LLC (AREC) have years of experience and insights that can help guide you through your ordeal with the firepower to avoid missteps and leverage your negotiating strength.