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To: ali who wrote (21665)	10/14/1998 9:41:00 PM
From: E. Charters	Respond to of 116779

Well, you get out of them all you can as long as their business will allow repayment. But of you foreclose you get the lowest possible payout. Foreclosures are never wise business if alternative payments schemes or business recovery is at all possible. Much foreclosure can be traced to need for writeoffs and the fact that the money is created out of nothing and the principal part need never be paid back to recoup losses. The bank personnel are frequently the recipients of payoffs where capital assets are trasferred at low cost to the purchaser. Our tax money is not involved hopefully in either scenario but bank charges and interest rates are. Interestingly when grilled over loan collateral and repayment ability as a small lender you might remind your bank that most losses are the fault of large commercial borrowers and national concerns and that most bad accounts are due, in small business especially, to underfunding, not loaning too much money. EC<:-}