Commercial Loan Modification Firm

About Us

Commercial Loan Modification Firm is a division of No4closure.com, a private company that helps many homeowners and commercial property owners who are either in foreclosure or heading to foreclosure nationwide specializing in loss mitigation program. No4closure.com has one of the largest loss mitigation teams in the industry today and has decided to continue the same success by building a new division that specializes in commercial loan modification. Commercial Loan Modification Firm handles the negotiation between a business owner and individuals that own a commercial property and their lenders or equity investors in modifying their mortgage terms.  Our commercial loan modification team consists of specialists and experts in this industry with tested and proven expertise. We aim to help every commercial property owner and pride ourselves with a high success rate.

Everyone loses in a foreclosure, the banks, the property owner and the investor.  We believe that the Loss Mitigation process can beneficial to both the consumer and lender when it is done with a focus on long term affordability.  Loss mitigation  is used to describe a third party helping a property, a division within a bank that mitigates the loss of the bank, or a firm that handles the process of negotiation between a property owner and the property owner's lender. Loss mitigation works to negotiate mortgage terms for the property owner that will prevent foreclosure. These new terms are typically obtained through loan modification, forbearance agreement or other loan work-out. All of the options serve the same purpose, to stabilize the risk of loss the lender (investor) is in danger of realizing, and preserving the commercial property. There are different options available to try getting the property owner to "perform" (pay timely) and cure the potential loss the lender/investor, prior to the foreclosure process and auction sale of the property.

Our Mission:

Our goal is to not only provide our clients with accurate information, but to implement effective loan modification standards throughout the industry. This is an outcome beneficial to property owners, lenders, servicers and the American Economy at large. Especially the local community that keeps more business thriving.

In order to obtain positive results, the lender and the property owner need to agree on the common goal of mitigating expenses in the most cost effective way possible. Whether the solution is a loan modification, short sale or other program, it is conceivable that everyone can win. 

The Benefits:

The most common benefit to the property owner is the prevention of foreclosure because loss mitigation works to either relieve the property owner of the mortgage obligation or create a mortgage resolution that is financially sustainable for the property owner. Lenders benefit by mitigating the losses they would incur through foreclosing on the property owner. Immediate foreclosure creates a tremendous financial burden on the lender. Loss mitigation allows the lender to take a lesser loss right now in order to avoid the much greater losses caused by such foreclosures.