Next Round Of Foreclosures To Hit Retail ~ What do you Think?

[Carlos]

File a lien on them so you can get paid first Carlos

yea Gene....thought of that also my accountant recommends that. I am in no rush as I know the property will sit for months.

I want to get them on a payment plan for the next year at around 800 bucks. Thats 20 months of payment. If I had about 4 more of those....those monthly payments would pay my mortgage for close to 2 years and still have money left over to go to Vegas and visite Tony S.

[Tony Shelton]

yea Gene....thought of that also my accountant recommends that. I am in no rush as I know the property will sit for months.

I want to get them on a payment plan for the next year at around 800 bucks. Thats 20 months of payment. If I had about 4 more of those....those monthly payments would pay my mortgage for close to 2 years and still have money left over to go to Vegas and visite Tony S.

I'm sitting with a 30+ late A/R of 5 figures also. (very low five figures though). They are ALL former good customers that never paid late.

[Carlos]

I dont say much to the customer when it is 30+ days anymore. The answer I get is the same old song. It is when we get between the 45-60 days will I then start circling the wagon on them!!

[Lightning Gene]

yea Gene....thought of that also my accountant recommends that. I am in no rush as I know the property will sit for months.

I want to get them on a payment plan for the next year at around 800 bucks. Thats 20 months of payment. If I had about 4 more of those....those monthly payments would pay my mortgage for close to 2 years and still have money left over to go to Vegas and visite Tony S.

Ok collect and go see Tony then.....We will still let you you in texas after that////// Lol

[Carlos]

Ok collect and go see Tony then.....We will still let you you in texas after that////// Lol

My heart is in Texas. My step-son goes to college there plus I have a friend in the power washing business that was one of the first people to reach into his pocket in New Orleans and give the UAMCC a donation........you wouldn't happen to know who that person would be, would you Gene? LOL...thanks again brother for your help!!!

[Lightning Gene]

My heart is in Texas. My step-son goes to college there plus I have a friend in the power washing business that was one of the first people to reach into his pocket in New Orleans and give the UAMCC a donation........you wouldn't happen to know who that person would be, would you Gene? LOL...thanks again brother for your help!!!

Thought you might have forgot me.... he he he he......just another pw trying to make it

[Jonathan Ellis]

again, selfishly, I love it and welcome a big string of commercial forclosures. If they are smart, they will do a loan modification (do away with the baloon payment, extend the terms, cut interest rates, etc...) to aviod some of these.

[Jonathan Ellis]

again, selfishly, I love it and welcome a big string of commercial forclosures. If they are smart, they will do a loan modification (do away with the baloon payment, extend the terms, cut interest rates, etc...) to aviod some of these.

They being the banks

[Carlos]

Is this still hitting you commercial guys? I haven't heard much on the news.....