He has a board of directors that are asking him why he has not foreclosed on the asset, yet continued to give them a construction loan even after they where in default.If you want to know what effect this has on the bank, here is a good article that will save me a few thousand words of typing.http://www.allbankingsolutions.com/Articles/NPA-im...Now that we understand the bankers position we can begin to formulate our plan.

John Lucey is the Director of the Office of Asset Sales.The Single Family Loan Sale (SFLS) initiative intends to meet the mission and financial objectives of maximizing recoveries to the mutual mortgage insurance fund, reducing claim costs, minimizing the time that assets are held, and keeping homeowners in their homes.

The economic director will have some hand in both of those (most likely), so there's a good place to start.

@Ben PhillipsI've heard of Cama, but don't have any direct or indirect experience with them.

An endorsed party doesn't have legal authority to direct or control the loan and would not be able to enforce remedies within the security instrument or through law without the AOM'd party.

Prior to doing so, I spoke with Julian who is one of the funding directors.

Another Wall Street Journal editorial in 2012, by the president and the labor policy director of the Mackinac Center for Public Policy, reported 71% employment growth in right-to-work states from 1980 to 2011, while employment in non-right-to-work states grew just 32% during the same period.

There may at times be tax to yourself from Directors fees and Consulting fees - and there are very generous tax deductions and other benefits with a C.

(However worth mentioning my day job is a Director of Engineering so fairly substantial.  

Board of directors are often difficult to deal with, and don't always have your interest at heart.