SBA Offers in Compromise: the rules are changing for he good!
dtod.wordpress.com 8/8/2009 — It used to be that it would take about year to get a return response from the SBA after an offer in compromise was submitted. The response would come directly from the SBA, via letter, either a rejection, or a counter proposal, or an acceptance. You would never be allowed to talk directly ...

The Banks cannot and will not negotiate a defaulted SBA guaranteed loan.
dtod.wordpress.com 9/23/2009 — If you have an SBA guaranteed loan you must be aware of the facts. The banks have a guaranty which they intend to protect at all costs. The SBA, in its desire to make certain the banks do not sell them out because they are guaranteed and thus do not pursue liquidation as aggressively, the SBA ...

What happens to an SBA loan when you file for bankruptcy?
dtod.wordpress.com 10/5/2009 — Nothing good occurs when you have an SBA loan and file for bankruptcy . A few assumptions. You and your spouse signed the personal guaranty for the SBA guaranteed loan. Typically the SBA can gain a position on your home by means of a mortgage, subordinate to the original mortgage and ...

SBA Is On YouTube
business-opportunities.biz 10/1/2009 — Inc.: To reach the more technology-savvy audience of entrepreneurs, the Small Business Administration has partnered with the video sharing website YouTube to create a channel dedicated to posting informational videos. Launched last month, this channel debuted with a 60-second ...

You say the SBA does not have a mortgage or lien on your house so ‘its ok!’ Not so!
dtod.wordpress.com 8/26/2009 — If only it was that easy. Unfortunately they are smarter then that and have laid a trap for you that many fall into unbeknown to themselves. The personal guaranties is a path to everything you and your wife own. Keep in mind that almost every SBA loan we see and certainly many non SBA ...

SBA answer in an hour!!!! Fast Food service for loan workouts!!!!
dtod.wordpress.com 7/6/2009 — Yes it happened. An answer in an hour. It is hard to believe as we usually wait many months for other Offer in Compromises to surface and now all of a sudden we get a call back from the banker in an hour with an answer, it was a rejection , but it was an answer! How did this happen? Some ...

Does The SBA collect equally amongst partners?
dtod.wordpress.com 10/21/2009 — A frequently misunderstood concept which results in rejections of what might have been a reasonable and acceptable offer if done correctly. The reality is simply this: Every partner except husband and wives, are reviewed individually and must provide an offer in compromise based on his/her ...