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Five Stages

Five Stages

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#1 Denial: The Lender doesn’t want the property! 
Irrelevant - they will exercise their remedies.

#2 Anger: They’re not dealing in good faith! 
They funded. Now they’re in collections mode.

#3 Bargaining: OK, Let do a deal. 
You didnt influence the lender. You fought. Times up.

#4 Depression: The Lender is out to get me. 
No. You didn’t give a reason for a borrower with no equity to guide a falling knife.

#5 Acceptance: OK, Who can help me? 
Now it’s too late- You should have aske this question 90 days before the problems start.

#CREINVENT #distressedassets #distresseddebt #crefinance #realestate #cmbs

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