Jon Hanson

Goal: Relationship (consulting or employment) with a regional bank or larger bank handling loan workouts, preferrably commercial and investment loans. Opportunity for advancement.

EXPERIENCE
• Collected multiple loans and deficiency Lyndon Guarantee Bank (division of ITT) Multi-family and commercial properties. Processed three separate foreclosures, certified judgments, collected negotiated deficiency against debtors other properties. Enforced assignment of rents per loan documents capturing cash flow, processed foreclosure on others to clear title; passed to waiting buyer via assignment of our bid.
• Negotiated and consolidated multiple liens (akin to small LBO) together with the first mortgage resulting in deed in lieu, JRP Plumbing building Key Bank Milwaukee, purchased all junior supplier liens via assignment tacking all the debt together and negotiated a deed-in-lieu in exchange for releasing three liens on debtors personal residence.
• Resolved a complicated foreclosure, Byers Companies, involving 3 debtor bankruptcies. Revived judgment(s) $113,000 After two back to back bankruptcies, an expedited hearing in Federal Court on a Thursday was granted to my SPE, property was sold at sherrifs sale the next morning. Ultimately a family member bought the property back (via assignment of sale) we did not have to take title.
• Solved environmental concerns for major FI, created SPE for foreclosure Pickaway County Transamerica Financial—successor to ITT, commercial purchase collection/marketing/resale. Lender was afraid to foreclose on gas station property in Circleville. .” We purchased the loan, formed a new company to take the assignment and foreclose. The property sold at sheriff’s sale with full disclosure and operates today as a BP mini mart.
• Active foreclosure marketing, Carr Supply v Alcott, tacked five unrelated judgments together. Did "on the ground marketing" to create a crowd at sale (my group was substituted plaintiff)

1. Negotiation
2. Real Estate Valuation
3. loss mediation
4. Foreclosures
5. Foreclosure Prevention
6. foreclosure counseling
7. judgment liens collected
8. Special Projects
9. Bankruptcy Claims Creditor side

• Good Debt, Bad Debt (Penguin, USA 2005)

  • Penguin, USA Protfolio Imprint, New York, NY
  • January 5, 2005
  Authors: Jon Hanson

  Personal Finance and Stewardship
  
  From Booklist
  With wit and insight, Hanson offers advice on the pros and cons of debt while helping us develop a philosophy about it as well as one for spending and saving. He explains that good debt increases net worth and includes credit-card debt, leasing a car greater than you can afford, and buying a house with 5 percent down. If what you purchase on credit can easily pay its way by selling it, or hopefully from the cash flow it produces, then such debt is a good idea. When debt reflects greed, impatience, or seeking the appearance of wealth, it has negative consequences. Using personal stories, humor, and cartoons, Hanson explains the principles of debt and money in the first four chapters and then counsels us on the value of developing a mathematical financial plan based on these fundamentals. This is an excellent primer on a very important topic. Mary Whaley
  Copyright © American Library Association. All rights reserved

Websites:

• GoodDebt.com Jon Hanson
• YouTube page

Groups and Associations:

Columbus Real Estate Exchangors

• 
  Commercial Workout Professionals
• 
  Community Development Banking
• 
  Franklin University's Alumni Group
• 
  The Foreclosure Group
• 
  ULI Columbus
• 
  YouTube innovators Innovation & Creativity You Tube Network