Ex-lawyer gets jail time for stealing from and vandalizing law firm; judge cites ‘vengeful’ sex toy purchase
ABA Journal Daily News
Afternoon Briefs: Lawyer accused of deducting kickbacks; Greenland purchase was exam hypothetical
ABA Journal Daily News
How to Purchase a Fannie Mae HomePath Property
Sometimes foreclosures happen and Fannie Mae needs to take possession of a home from a distressed borrower. When that happens, they try to sell the home as quickly as possible to limit the damage it causes to the surrounding homes due to the falling value a foreclosure can cause. Foreclosure News
New buyer gains steam in race to purchase Two Herald Square
SL Green has taken the pole position in the race to buy Two Herald Square, the valuable but troubled Broadway office/retail building at 34th Street across the street from Macy's. A court on Monday authorized foreclosure on the leasehold first mortgage, a step that will lead to an auction sale. Foreclosure News
Writing Real Estate Purchase Offers to Beat Higher Competing Offers
This article was inspired by closing one of many transactions where my clients did not make the high bid , but did get the fully negotiated purchase contract and the property. By building an airtight case that this client was capable of promptly consummating the transaction, I persuaded a rational seller to accept less money […]
City nixes development group’s plan to purchase thousands of auction homes
This week in bizarre Detroit real estate news, a group called Home Team Detroit has been in the spotlight. To recap, on Monday, the Detroit News reported that the group had big plans for buying up all the auction properties headed to the foreclosure auction this fall. Foreclosure News
BigLaw firm withdraws letter demanding CNN retract story on Cabinet pick’s stock purchase
ABA Journal Daily News
As job loss looms, buyers look for ways to cancel home purchase
Q. My wife and I were preapproved for a mortgage in October and signed a contract with a developer to buy a new home in mid-November. On Dec. 1, though, I was given notice from my employer that my job would be eliminated early next year. Foreclosure News
Brookfield lends on Kassirera s $358M a oeDawnay Daya purchase
“Neither a borrower nor a lender be,” Polonius famously counsels his son Laertes in “Hamlet.” Brookfield Asset Management usually follows that advice when it comes to multifamily deals, but decided to make an exception for the “Dawnay Day” portfolio. Foreclosure News
Microsoft to purchase LinkedIn for $26.2 billion
Microsoft announced that it would pay $ 26.2 billion for social networking site LinkedIn, making it the largest deal in the software giant’s history. According to… ABA Journal Daily News