Many professional economists and real estate experts foresee that a trend in commercial foreclosures will soon follow that of residential foreclosures, especially in distressed economic climates. When a mortgage crisis continues to worsen, numerous homeowners will inevitably seek some semblance of relief through collaboration with lenders and other financial entities towards debt restructuring; all towards the end goal of avoiding property foreclosure. Property owners who are also affected by economic crises can now take advantage of debt adjustment methods such as those used by beleaguered owners of residential property.Parallel to the definition of a debt restructuring for smaller-scale property owners, the process of commercial loan modification entails that a property owner (which includes those who own office buildings, retail shops, and/or shopping centers, among other commercial properties) collaborates with a financial institution or any lender to amend the terms of his or her mortgage based on the initial agreement between the mortgage holder and owner.Again, in the same manner as that of modification to a home mortgage, many lenders will often opt to negotiate with the owner and settle on mortgage adjustment, with numerous viable options for amendment. These changes may include extension of the terms, the reduction of interest rates, allowing fixed-period payments solely for the amount incurred by interest, deferment of past dues, and (in special cases) the lowering of the balance for the mortgage.There are a number of qualifications a property owner needs in order to be able to apply for a commercial loan modification plan. Auditors from the lending company will have to examine some of the owner’s preliminary information, as well as scrutinize any relevant supporting documents to see if a mortgage can be modified. If the owner is a viable candidate, he or she may begin the process of negotiation with the lender, which can potentially result in a successful commercial loan modification. Some third-party entities may even serve to catalyze or jump start the negotiation process between lender and owner, all towards keeping the property owner’s commercial property (such as buildings, apartment complexes, and other properties) afloat.There are two basic factors which can result in successful commercial loan modification negotiations. One of them is proactivity, and the other, seeking aid or advice from financial experts. Common sense and foresight are essential to the first choice – once a problem is impending or seems imminent, the property owner must weigh his or her options, take stock of the situation, and consider feasible sources of help such as covered by the second factor. You can consult with and consider the services of any commercial loan modification lawyer or professional. The success of such a negotiation requires focus and attention to detail, which these experts can give. You can ensure that your mortgage terms will be amended as per your needs by working with professionals specializing in loss mitigation who already have a good track record in mutually beneficial modifications, as well as solid relationships with reputable lenders.

Shoe Repairs And Several Other Things When I Was 7
My Dad repaired most of our shoes believe it or not, I can hardly believe it myself now. With 7 pairs of shoes always needing repairs I think he was quite clever to learn how to “Keep us in shoe Leather” to coin a phrase!

He bought several different sizes of cast iron cobbler’s “lasts”. Last, the old English “Laest” meaning footprint. Lasts were holding devices shaped like a human foot. I have no idea where he would have bought the shoe leather. Only that it was a beautiful creamy, shiny colour and the smell was lovely.

But I do remember our shoes turned upside down on and fitted into these lasts, my Dad cutting the leather around the shape of the shoe, and then hammering nails, into the leather shape. Sometimes we’d feel one or 2 of those nails poking through the insides of our shoes, but our dad always fixed it.

Hiking and Swimming Galas
Dad was a very outdoorsy type, unlike my mother, who was probably too busy indoors. She also enjoyed the peace and quiet when he took us off for the day!

Anyway, he often took us hiking in the mountains where we’d have a picnic of sandwiches and flasks of tea. And more often than not we went by steam train.

We loved poking our heads out of the window until our eyes hurt like mad from a blast of soot blowing back from the engine. But sore, bloodshot eyes never dampened our enthusiasm.

Dad was an avid swimmer and water polo player, and he used to take us to swimming galas, as they were called back then. He often took part in these galas. And again we always travelled by steam train.

Rowing Over To Ireland’s Eye
That’s what we did back then, we had to go by rowboat, the only way to get to Ireland’s eye, which is 15 minutes from mainland Howth. From there we could see Malahide, Lambay Island and Howth Head of course. These days you can take a Round Trip Cruise on a small cruise ship!

But we thoroughly enjoyed rowing and once there we couldn’t wait to climb the rocks, and have a swim. We picnicked and watched the friendly seals doing their thing and showing off.

Not to mention all kinds of birdlife including the Puffin.The Martello Tower was also interesting but a bit dangerous to attempt entering. I’m getting lost in the past as I write, and have to drag myself back to the present.

Fun Outings with The camera Club
Dad was also a very keen amateur photographer, and was a member of a camera Club. There were many Sunday photography outings and along with us came other kids of the members of the club.

And we always had great fun while the adults busied themselves taking photos of everything and anything, it seemed to us. Dad was so serious about his photography that he set up a dark room where he developed and printed his photographs.

All black and white at the time. He and his camera club entered many of their favourites in exhibitions throughout Europe. I’m quite proud to say that many cups and medals were won by Dad. They have been shared amongst all his grandchildren which I find quite special.

He liked taking portraits of us kids too, mostly when we were in a state of untidiness, usually during play. Dad always preferred the natural look of messy hair and clothes in the photos of his children.