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May 14, 2012

Over $1.7 trillion of commercial mortgages are coming due in the short term.  In a normal world, that debt would be refinanced and life goes on.  But today, many of those properties are underwater and there just aren’t as many lenders willing to refinance these loans.  In fact, our guest says that over $1 trillion of those loans will need to be re-negotiated.  Why?  Well, when you owe the bank a $10,000 you have a problem, but when you owe the bank $10 million, the bank has a problem.  And when banks lose a trillion dollars, we all have a problem.  It’s a complex topic with many nuances and lots of lessons.  Our expert guest Phil Jemmet runs a company that specializes in large balance commercial loan workouts.  He gives us a street level perspective and explains the process for getting these big problems down to a manageable size.  Your problems may be smaller (for now), but the principles of dealing with them are very similar.  So listen and learn as Phil Jemmet shares his secrets for reworking loans that are no longer working for you.  The Real Estate Guys™ radio show provides real estate investing news, education, training and resources to help real estate investors succeed.  Learn more and subscribe to the free newsletter at