Ted Schmidt's (tcsenter) Blog

CommercialModification.com announces marketing partnership with Genesis Financial Sep 23, 2009 – South Lake Tahoe, CA.  Today Leadsnet Inc. a leading provider of commercial mortgage leads announced their marketing partnership with Genesis Financial and Real Estate Services of Scottsdale Arizona. ...

Effective today, the IRS has issued a new rule (IRS Revenue Procedure 2009-45 http://www.irs.gov/pub/irs-drop/rp-09-45.pdf) that eases the restrictions on modifications of commercial mortgages that have been packaged into commercial mortgage backed securities. This action allows borrowers to open...

With the absence of a government plan to pay off the national debt I put forth my own.Here are the assumptions.We owe about $11 trillionOur debt will grow by $2.3 trllion. per year for 10 yearsIn 2019 our total debt will be about $33 trillionWith 300 million people thats about $110,000 per person...

I was invited to Washington, D.C. by CNBC to question Treasury Secretary Tim Geithner in a town-hall meeting on September 10 http://bit.ly/4i9MfO. The question I plan to ask is this: In July you testified before the House Financial Services Committee. Rep. Maloney asked what administrative guidan...

 By Ted Schmidt Commercial real estate is financed primarily through three channels, portfolio lending, commercial mortgage backed securities (CMBS) and direct cash purchases. Portfolio lenders are regional banks, insurance companies, pension funds and others that lend money directly to property ...

By Ted Schmidt The commercial real estate crisis continues and it is proving to be more devastating to banks than the residential sub-prime crisis that sparked the financial meltdown in 2008. The Financial Post reported that US banks have been charging off (effectively assigning to the write-off ...

Earlier this week, Fed Chairman Ben Bernake appearing on Capitol Hill said that commercial mortgages packaged into CMBS "ought to" be modified the same way residential mortgage backed securities are now.The total arrears on all CMBS reached $817 billion in June. This represents a 4.5% delinquenc...

Commercial property owners are increasingly under distress in today's economy. Over the next few years billions of dollars in commercial mortgages that were made in the bubble years of 2004-2007 will need to be rolled over with new financing. The problem is that many of these loans were made with...

South Lake Tahoe, CA.  May 15 2009.  Leadsnet Inc., a provider of commercial mortgage leads reports that requests for commercial mortgage loan modifications has increased steadily since the company rolled out their commercial mortgage modification portal at www.commercialmodification.com. “We hav...

With the recent crackdown on loan modification companies that charge upfront fees and then do nothing, the government and press has painted the entire industry with a broad brush and labeled the business model as a scam.  This has resulted in a decline in lead volume and increased acquisition cos...