Polling Results

© Western America Commercial LLC. 2009. All Rights Reserved. The information herein is subject to change without notice.

Polling ResultsOctober 26, 2009

© Western America Commercial LLC. 2009. All Rights Reserved. The information herein is subject to change without notice.

Options Considered

• Bite the bullet• Accept the lender’s modification terms• Seek alternative modification

– Refuse fees, costs– Refuse interest deferral– If unsuccessful, allow foreclosure

• Allow the property to foreclose

© Western America Commercial LLC. 2009. All Rights Reserved. The information herein is subject to change without notice.

Options Considered

• Bite the bullet (5 Co-Owners)

• Accept the lender’s modification terms (2 Co-Owners)

• Seek alternative modification (4 Co-Owners)

– Refuse fees, costs– Refuse interest deferral– If unsuccessful, allow foreclosure

• Allow the property to foreclose (2 Co-Owners)

• 2 did not vote. 1 voted twice, first and last options

© Western America Commercial LLC. 2009. All Rights Reserved. The information herein is subject to change without notice.

No clear consensus

© Western America Commercial LLC. 2009. All Rights Reserved. The information herein is subject to change without notice.

WAC’s Evaluation of Co-Owner Intent

• more favorable terms• willing to risk losing the property• not ready to lose it now