Foreclosure can often have tricky impacts on lease rights, as covered on Money and Dirt in prior posts. See Eviction After Foreclosure: California Supreme Court Weighs In and When a Lender Forecloses ...
The Town of Hempstead is seeking to force banks and other lenders to give the town $35,000 in security funding when they foreclose on a commercial property. The money, according to a town statement, ...
In March, Blackstone Group President Jon Gray told Bloomberg that commercial real estate prices, which have been plunging since interest rates spiked, are “bottoming.” He noted that while vacancy ...
This time, the mortgage banking industry is not taking any chances. Stung by the subprime mortgage crisis, the tightening credit market, Wall Street layoffs and other bleak economic indicators, banks ...
Despite the economy slowly improving, leasing action resuming and construction of new commercial properties starting in the region, the number of local foreclosure proceedings is increasing. The ...
A new report from Mortgage Rail suggests that avoiding commercial property foreclosure can be achieved by executing a successful commercial loan workout. Mortgage Rail suggests that there is a ...