Distressed Solutions

Sometimes life happens, and you need a Plan B. There are more creative solutions to help mitigate losses, taxes, liability, or management issues. No matter what, there is a solution. Sometimes a combination of them, that will meet your needs. Rest assured, we will help you find a way that works.

ALTERNATIVE DISPOSITION SERVICES

  • Sale and Lease-Back. Selling your real estate, but leaving your business in place, can bring in additional needed cash and limit costly mortgages. There is always a cost, but we know how to help you balance the fine line between leasing and mortgages.
  • Installment Sales and/or Seller Financing. Sometimes you want to capitalize on a hot market, but don’t want the tax burden all at once. A properly structured installment sale may help you both control your cash flow and tax liability, while also taking advantage of the current market.
  • 1031 Tax Deferred Exchange. If you do it right, this simple strategy could mean millions more in your pocket later. We are all about using available resources to help you retire sooner and create a legacy.

Then life takes another sudden turn and you are on Plan C or D. There are options to relieve some of the pain, frustration, stress, and embarrassment. Each situation is confidential. It’s amazing the number of stories we will take to the grave. For over a decade, as have worked with a wide range of professionals and have helped hundreds of families get their lives back on track.

NON-PERFORMING ASSET SOLUTIONS

Short Sale
Bankruptcy
Receivership
Forebearance or Loan Modifications
Foreclosure
Short Sale

A short sale is where you ask your bank to take less than they are owed. This can involve mortgages, liens, judgements, homeowner association assessments, and more.

Bankruptcy

While we do not get involved directly with bankruptcies, we have resources and can help guide you through either a Chapter 7 (liquidate everything), Chapter 13 (restructure your plans), or Chapter 11 (business reorganization). Bankruptcy is a business decision, not who you are as a person.

Receivership

Receivership is a unique statue for Washington State. Think of it similar to a short sale and a bankruptcy in that is allows you to sell your assets and settles all future liability or obligations at once. However, it is unique in that it can be a much smoother process and less hassle by handing everything over to a third party to handle. Most people have never heard of receivership, but we’ve been doing these for over a decade with our court-appointed receivers.

Forebearance or Loan Modifications

With an increase in property values, these are in less of a demand today. However, they are both options that allow you to work with your existing loan and renegotiate terms that you can make work with your current income stream.

Foreclosure

This is usually the end of the road. While no one wants to go into foreclosure, sometimes it does make sense. This is a very tricky road to navigate, with dozens of moving pieces that could come back to haunt you. If you are facing foreclosure or are worried you might in the future, let’s make sure it is in your best interest and that you are prepared for the tax implications that follow.

 

INVESTOR’S CHOICE PROGRAM

– Our Investor’s Choice Program is ideal in situations such as:

– Business Owners or Landlords who need help drafting a lease or option to purchase.

– Buyers or Sellers who need guidance on seller financing and possible terms.

– Investors who need a before and after tax analysis for their real estate property or portfolio.

Alternative Disposition and Non-Performing Asset Solutions

While many of the options are similar, there are many nuances you need to understand. When your property or business is distressed, it feels like a freeway headed straight at a concrete wall. Don’t worry, we know where the hidden exit ramps are, and can help you navigate your way to safety.

Each area and situation is unique. We offer distressed services for:

  • Residential Homeowners
  • Investment or Commercial Property Owners
  • Business Owners

Service Area: Western Washington