Foreclosure Crisis: Shaping the Consumer Response
Learn more about one of this region's hottest topics at this informative conference, held Fri 11/9 starting at 8:30AM at Trinity Cathedral, 2230 Euclid Ave. The conference will feature national and regional experts, presenting strategies to combat predatory lending and payday lending. Among the speakers will include Ohio Attorney General Marc Dann. An overview of Governor Strickland’s Foreclosure Task Force will be also presented. Free parking is available off the E. 22nd St and Prospect Ave. entrance to the church. The conference agenda and registration form can be found at http://www.organizeohio.org. For more information call 431-6070.
Chronic Illness Recovery-One Step At a Time
6 years ago
It should be noted that there is a differentiated value for subprime or stated income loans in the commercial lending market. This loan type is not entirely bad despite the abuse of some in the residential lending arena. Oftentimes, individuals that want to start or acquire a small business, purchase a gas station, acquire a motel, open an auto repair shop or any of a myriad of sole proprietor establishments, and do not have the portfolio that would make them attractive to the big box leaders. Lending companies like Ocean Capital in Rhode Island offer subprime and stated income loans by using up close and personal evaluations of the borrower and the opportunity. We need companies like this to support new business opportunities.
ReplyDeleteGood point. The issues are the abuses of the product and also the near-absence of any oversight, or accountability, on the transactions, both on the loan sale and on the loan service. Are you in the business? Your name's linkback wasn't very revealing.
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