08 Apr
Posted by Julia Redstone as Finance, Foreclosure
SEC is determined to avoid a repeat of the last financial crisis and as such it is suggesting that institutional investors be awarded new devices so that they will be able to make a detailed study of asset-backed securities prior to purchasing these.
David Lynn of Morrison & Foerster of Washington was the chief counsel in [...]
Foreclosures of residential houses are marching on in Sedgwick County. This is the picture that has come through the first quarter of this year. There are more signs of the financial stress in the community. Over 1,100 residential houses are slotted for foreclosure sale in the county during the first quarter.
It is 60% above the [...]
06 Apr
Posted by Julia Redstone as Foreclosure
Hotels in California are facing trouble as unemployment racing on and competing with foreclosures.
Foreclosure of hotels increased by 27% as unemployment caused cuts in business travel.
Foreclosures increased to 79 estates. In the end of last year it was 62. This was stated by Atlas Hospitality Group. Defaults shot up by 6.5% to count [...]
17 Mar
Posted by Julia Redstone as Finance, Foreclosure
For over ten years prior to bringing down of AIG by derivates and the release of financial panic that reverberated across the globe, professor Lyn Stout was one of the lone voices giving out dire warnings of the tsunami ahead. His first missile was published in Journal of Corporate Law, 1995. It seems none had [...]
10 Mar
Posted by Julia Redstone as Foreclosure
It is the poorer section of society that is most vulnerable to evictions but they cannot fight foreclosures due to lack of legal assistance. Fortunately recently this problem has been addressed by the Congress. Legal Servicers Corporation would be reauthorized and given more teeth.
It is a body that disburses federal funds to non-profit groups [...]
09 Mar
Posted by Julia Redstone as Commercial foreclosure, Foreclosure
CRE or commercial real estates running into foreclosures are translating into bargain investment options. According to AlixPartners LLP investment opportunities would increase so much as to mime the intoxicating days of the first years of the 90s.
Dennis Yeskey of AlixPartners said “Of course, commercial real estate fundamentals are still far from good, but I’ve never [...]
01 Mar
Posted by Julia Redstone as Foreclosure
“A New Era of Responsibility”—President Barack Obama’s budget for 2011 has been announced. “Let’s invest in our people without leaving them a mountain of debt,” the president stated in his State of Union Address. “Let’s meet our responsibility to the citizens who sent us here.” It may be tempting to assume that a balanced budget [...]
26 Feb
Posted by Julia Redstone as Foreclosure
Potential tenants planning to rent a house that is undergoing foreclosures should think twice and not become a fool by rushing into it. The lenders of course cannot kick out the tenants as they have to respect the terms of the lease agreement. But that does not exclude the chances that toughs would stop from [...]
23 Feb
Posted by Julia Redstone as Foreclosure
People who are wondering whether to invest in real estate should think twice. There are some foreclosure deals happening in commercial real estate. There are many real estate properties that have been foreclosed by banks. The banks have not sold them yet but are instead leasing the properties.
Take, for instance, David Hogan. The vice president [...]
03 Feb
Posted by Julia Redstone as Foreclosure
Despite differences in opinion a poll shows that the majority of Americans agree that although 2009 had been bad, it is going to better in 2010. Three fourths are sure that 2009 was a bad period for USA marked by unemployment, foreclosures and ailing economy. 42% said it was “very bad” according to recent AP-GfK [...]
