Hotel Lawyers on restructuring distressed condo hotels. Restructuring distressed condo hotel projects and loans secured by them is moving to the top of the list for many lenders, owners and investors. Condo hotel deals are so complex and varied that there is no single “silver bullet” to take care of all problems. Combining JMBM’s legal and business experience in advising on more than 100 condo …
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?Home for the holidays has special meaning this year for hundreds of Summit County homeowners who were in danger of foreclosure.? Thanks to the efforts of American Homeowner Preservation (?AHP Ohio?), more than 205 families have found an alternative to losing their homes.
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The multibillion-dollar joint venture fell victim to the financial crisis and the collapse of oil prices.
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Passed by Congress in July and put into effect on Oct. 1, the federal government’s Hope for Homeowners program was billed as strong medicine for the twin ills of rampant foreclosures and sagging home prices.
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Homeowners are being refused mortgages for ‘the most spurious of reasons’ amid claims that lenders are seizing on any excuse to reject applications.
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SACRAMENTO ? The nation?s foreclosure hemorrhage has finally slowed and 2009 should see a significant decline in foreclosures as buyers return, pushing home prices up and fueling a real estate recovery, according to the 2009 Outlook from ForeclosureS.com, the leading real estate and property information and education specialists.
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The Plain Dealer catches up with stories of 2008 in a year-end series of “Whatever happened to . . . ?” pieces running through Jan. 5. The weekly edition of the feature, which appears on Mondays and updates stories from…
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JERRID MOONEY WAS pumped about closing on his Detroit condo several months ago. He was counting the days and telling his friends. He had 20 percent down and a credit score that he calls “stratospheric.”
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Some people and events get into the news and stay there. It doesn’t take much research to find out what’s happening with, say, Barack Obama or the auto industry or even Britney Spears.
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With the speed of a supermarket thriller, Wall Street was upended and remade in 2008. First, investment bank Bear Stearns teetered near collapse, then was sold to JPMorgan Chase & Co. in a shotgun deal that valued each of Bear’s shares at $10 - roughly the same price as a New York movie ticket.
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