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| pckp2075 |
 Posted: Thu Feb 22, 2007 7:26 pm |
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Joined: 19 Oct 2006
Posts: 12
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| I've often wondered what the difference is. Okay, experts, speak up. |
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| dakota67 |
| Posted: Fri Feb 23, 2007 4:06 pm |
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Joined: 19 Oct 2006
Posts: 12
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| Workouts are specifically intended to prevent or forestall bankruptcy. Their funds are allocated to pay debt and may not be used for anything else. Unlike a bridge loan, which may be used for virtually anything. A workout is for debt, period. |
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| moneytalks |
| Posted: Tue Apr 10, 2007 7:36 pm |
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Joined: 19 Oct 2006
Posts: 20
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| What if I had something left over after my workout was satisfied? Is the money mine to invest as I wish or does it revert back to the lender? Or what? |
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| Ziurb |
| Posted: Mon Apr 23, 2007 8:31 pm |
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Joined: 04 Dec 2006
Posts: 6
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| Workouts don't work that way. After your application is processed, your loan amount will be the amount needed for you to pay off your debt. Nothing is left over for other purposes. Sorry |
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| ACE |
| Posted: Thu May 17, 2007 3:23 pm |
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Joined: 20 Oct 2006
Posts: 13
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| A loan is a loan. There's nothing left to chance, ever. The lender wants a close watch on his money to insure he gets it back -- with interest. |
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| rablen |
| Posted: Wed Jun 13, 2007 1:35 pm |
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Joined: 28 Nov 2006
Posts: 54
Location: na
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| Yeah, the bank will get its money back, either in dollars or your property. It's a simple formula. Always has been. |
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| moneytalks |
| Posted: Fri Jun 29, 2007 3:24 pm |
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Joined: 19 Oct 2006
Posts: 20
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| They don't have to. They have you right where they want you and will squeeze you to death. Nice guys. find a good private lender. You'll pay more but you'll get your money fast and you can use it fast, too. |
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| ACE |
| Posted: Thu Aug 02, 2007 6:54 pm |
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Joined: 20 Oct 2006
Posts: 13
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Been gone a while, now I'm back. Send me a message on my private mail, okay?
But I agree with the private money thing. Best way to go now. Their percentages are coming down, their upfront fees are coming down or going away, their speed is still there.
What's not to like? |
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| sunful |
| Posted: Mon Aug 06, 2007 4:03 pm |
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Joined: 19 Oct 2006
Posts: 12
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Yo, Ace, yo, Money,
Long time no hear. Good to have you back. So what's new in the industry? Which banks failed last month? Which new ones came online? And when's the next water skiing trip? |
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| rablen |
| Posted: Thu Aug 09, 2007 2:08 pm |
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Joined: 28 Nov 2006
Posts: 54
Location: na
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| Hi, guys. Can anyone come along? It was so cool last year. Never forget what Denny did in the rapids . . . |
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| Burrelle |
| Posted: Fri Aug 10, 2007 1:42 pm |
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Joined: 04 Dec 2006
Posts: 2
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| You mean when he went flying out with a six-pack in each hand and went rolling through the rapids and came up at the end with both hands still full? Yeah, that was amazing. Never come between Denny and cold Coors. |
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