In their Financing column, Jeffrey B. Steiner and Jason R. Goldstein discuss how the prepayment of a loan in commercial real estate transactions may result in unanticipated economic consequences and write: Counsel representing lenders must take care when drafting provisions designed to protect their clients against the risks associated with prepayments by borrowers. For the […]
If you have an FHA loan in process this month. you were “given a gift” only to have it “taken away” nine days later. Foreclosure News
Developers built a glut of properties during the bubble years, and much of the space was filled by other real estate firms. After the economy crashed, tenants closed shop, landlords lost properties to foreclosure, construction ground to a halt, and the vacancy rate hovered around 20 percent to 25 percent. Foreclosure News