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How to Structure SBA 7(a) and 504 Loan Short Sales

Please click on the link below to view the Powerpoint presentation prepared by Mitchell C. Fogel for a recent Webinar he did with Coleman Publishing that presented How to Structure SBA 7(a) and 504 Loan Short Sales.  Regarding commercial short sales, this Webinar provided information on the short sale process in general, addressed specific issues and challenges in handling and closing short sales, and discussed concerns and rules involving a short sale of a loan made under the SBA 7(a) or 504 loan programs, all in compliance with:

  • State and local laws; Title concerns;
  • Liens and/or possession claims by third parties;
  • the Authorization (SBA 7(a) Guaranteed Loan);
  • the Authorization for Debenture Guarantee (SBA 504 Loan); and
  • the the Mortgage and Security Agreement, the Third Party Lender Agreement (SBA Form 2287) or, for closings prior to August 2007, the Prior Lienholder’s Agreement (SBA Temporary Form 2104)

The purpose of the Webinar and the Powerpoint is to provide attendees and readers with a better understanding of the commercial short sale process.

Powerpoint Link:  How to Structure SBA 7(a) and 504 Loan Short Sales

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