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It seems as if real estate development and business loans have quickly been replaced by foreclosures and lending restrictions. While this presents new challenges for some, others are positioned to take advantage of real estate deals and sales on overstocked inventories.
It’s only natural for businesses, families and individuals to look for ways around their myriad financial challenges. For many, things like debt consolidation, alternative financing and even bankruptcy are beginning to sound enticing. However, there are some hidden risks with new programs being offered by banks and private companies.
Our cover article shows that even big banks can present risky options. Also, see page 4 to learn more about the pros and cons of debt forgiveness. It’s important to have ALL of the facts before considering such programs for yourself or your business.
We always say it’s cheaper to prevent the problem than to clean up after it. So, if you have questions, give us a call.
On a lighter note, our firm has gained yet another valuable member. Amy Stawski, a family and matrimonial attorney, joined our firm in August. Learn more about Amy inside this issue.
Before making any big decisions, please remember that we are your advisors. Call on us for advice when you need it.
Best Wishes,
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