David Lucht

About David Lucht

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So far David Lucht has created 4 blog entries.

Strategic Success: Common Traits Among Top Practices

By |August 5th, 2014|

There is no “one-size-fits-all” or “easy to- implement” secret to success for dental practices. However, I do see commonalities in the strategies of top practices. These practices have 15% to 20% annual growth and maintain above average profitability. Here are their common traits, along with strategies I’ve seen that have worked well for my dental practice customers.

To read the full article, click here Strategic Success: Common Traits Among Top Practices

Short Sales and Finding Future Financing

By |June 1st, 2013|

A lasting effect of the Great Recession has been the growing number of professionals caught in the real estate devaluation of residential properties. In the past, steady property appreciation seemed to make any home mortgage safe for the bank and owner. But the last several years have led to many borrowers finding they owe more than their homes are worth.

Some borrowers have decided the best option is to sell the home, with the bank’s permission, for less than what is owed. The amount of loan still unpaid after the sale is called a “deficiency balance” or “short sale,” which may or may not be forgiven by the bank.

THE IMPACT ON CREDIT SCORES

Not surprisingly, a short sale has a huge negative impact on the borrower’s credit score, regardless of whether the loan was current before the sale. According to an April 2011 CNNMoney article, a 780 credit (FICO) score will see a 160-point drop following a short sale, while a […]

The Successful Strategy to Compete in the Marketplace Today

By |May 13th, 2013|

Ok, I admit it. I am getting depressed reading about the Veterinary marketplace today I hear “Schools are producing too many veterinarians. People are reducing the amount of dogs they own and cat owners aren’t bringing Tigger into the practice as often. Student debt keeps rising, salaries keep sinking, low-cost spay/neuter clinics, vaccine clinics, 1-800 Petmeds are ruining my business!” I could go on, but you get my point. There is no shortage of negative talk out there.
But, if things are so bad, why does Live Oak Bank’s Veterinary Loan Portfolio continue to be filled with customers who I am proud to be in business with? I still believe in the industry, and continue to see practices grow and thrive. However, I do see clients who are growing faster than normal, and with margins that are stellar. That gave me the idea for this article, to give you the secret strategy that helps these thriving veterinarians overcome all the macro-economic […]

Short Sales and Finding Future Financing

By |March 1st, 2012|

One of the lasting effects of the real estate bubble and Great Recession is the growing number of professionals caught in the real estate devaluation of residential properties. In the past, home appreciation seemed to make any home mortgage safe for both the bank and owner, but the last few years have led to instances where the borrower can find herself 50 percent underwater on her home loan.
In some instances, this has led a borrower to decide that the best option is to a sell the home, with the bank’s permission, for less than what is owed. The amount of loan left after the sale is commonly known as a “deficiency balance,” which may or may not be forgiven by the bank.
A Look at Short Sales

To understand how a short sale is perceived by a bank, a borrower must first understand that a typical bank considers a mortgage loan a contractual commitment by the borrower to repay the debt borrowed, […]

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