Bank failure impacts Kitsap County but creates opportunities
The failure of Frontier Bank forced foreclosure and business closings in Kitsap County, but opportunities are available in the rebounding economy. You can read the full article from the Kitsap Sun here.
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As court-appointed receiver, we work with the debtor and creditor to resolve defaulted credits. Most often, while working with the borrower’s lender, we are able to significantly reduce the loan balance through an efficient liquidation process that maximizes loan value.