One Time Settlement
How and when the borrower should approach the Financial Institution or Bank for One Time Settlement?
Inorder to avail the best OTS terms, the borrower should have a better negotiation edge over the lender Financial Institution or Bank. The Lenders are not willing to offer considerable waiver under OTS when there is ample scope to recover its entire dues by way of sale of mortgaged assets. Thus first and foremost we have to create tools which will enable us to have a better bargaining position with the Financial Institutions/ Banks.
Moreover whenever the Economy is not performing well and Bankers are struggling with large number of NPA accounts and high degree of provisioning then it is in the interest of the Lender also to welcome the Borrower's move for OTS.
Once the Borrower decides for One Time Settlement then it needs setting up of highly professional negotiating Desk for executing the OTS Plan.
Services to create tools within the legal frame work to gain a higher bargaining position which indirectly enables the Banker to accept our offer.
Services to structure the deal which is the most important aspect of any OTS exercise.
Services to achieve the desired results under OTS, which is mutually beneficial to the Borrower as well as Lender as it saves time, money and energy which is otherwise lost in initiating recovery process and unnecessary litigation.