Stealing the Empire State Building
by The New York Daily News tried to show that it is easy to “steal” property by filing fake deeds. The story is rather foolish, but …
Tag: Mortgages
Rev. Proc. 2008-28 and Foreclosure Relief for Securitizations
by The Internal Revenue Service issued Revenue Procedure 2008-28 [.PDF ] which provides for the modification of certain mortgage loans will not jeopardize the favorable tax …
Banks Are Keeping More Loans on Their Books
Mark Gongloff reports in WSJ.com that U.S. commercial banks are keeping more of the loans they make on their balance sheets. Total assets at U.S. …
The Case for Exotic Notes in Commercial Real Estate Transactions
Fran Mastroianni of Goodwin Procter LLP, published a story in Real Estate Investment & Finance: The Case for Exotic Notes in Commercial Real Estate Transactions. …
Securitization and Lax Mortgage Lending
The Chain of Fools is the title of The Economist‘s Economics Focus column. The article points to the increasing evidence that securitization lead to lax …
Closing Protection Letters – New Forms
The American Land Title Association (ALTA), recently approved three new form closing protection letters. These new forms took effect on January 1, 2008. Closing Protection …
Financing the Construction and Acquisition of Your Real Estate Development Project
Below is my material from Real Estate Development From Beginning to End in Massachusetts. The document is hosted on a site called Docstoc.
Terror Risk Insurance Act Extended
With a week left before expiration of the Terrorism Risk Insurance Act, President Bush Signs 7 Year Terror Insurance Extension, the Terrorism Risk Insurance Program …
Usury in Massachusetts
I ran across two articles on usury and expect we will see more as the debt markets and foreclosures continue to sort themselves out and …
Delay in Implementing New Mortgage Regulations
As Jay Fitzgerald of the Boston Herald reports: Companies may drop home loans The mortgage industry does not like the new mortgage regulations proposed by …
A CMBS and CDO Primer
Parke Chapman wrote a primer in the National Real Estate Investor on CMBS, CDO and the commercial debt markets. Some highlights: Q: What led to …
Guarantee Liability with Mezzanine Loans and Mortgages
With mezzanine financing, there is a potential guarantee liability to the principals of the developer that they may not foresee. The issue arises in a …
Discharging Old Mortgages
When browsing through Massachusetts Lawyers Weekly, I came across Kowalczyk, et al. v. Estate of Smiarowski (Lawyers Weekly No. 14-087-07) (6 pages) (Sands, J.) (Land …
Real Estate Development From Beginning to End in Massachusetts
I will speaking as part of the seminar: Real Estate Development From Beginning to End in Massachusetts in Dedham on November 16, 2007. Agenda 8:30 …
New Predatory Lending Regulations – (18) Prohibiting Discrimination
The Attorney General is proposing new regulations under the Consumer Protection Act (M.G.L. 93A). The new regulations add new prohibited activities as provisions (15), (16), …
New Predatory Lending Regulations – (17) Loans Not in the Borrower’s Interest
The Attorney General is proposing new regulations under the Consumer Protection Act (M.G.L. 93A). The new regulations add new prohibited activities as provisions (15), (16), …
New Predatory Lending Regulations – (16) No Documentation Loans
The Attorney General is proposing new regulations under the Consumer Protection Act (M.G.L. 93A). The new regulations add new prohibited activities as provisions (15), (16), …
New Predatory Lending Regulations – (15) Lender Must Believe the Borrower Can Repay
The Attorney General is proposing new regulations under the Consumer Protection Act (M.G.L. 93A). The new regulations add new prohibited activities as provisions (15), (16), …
Summary of Proposed Predatory Lending Regulations
The Attorney General is proposing new regulations under the Consumer Protection Act (M.G.L. 93A). The Attorney General summarized wants to enact the new regulations to: …
Predatory Lending Regulations and Hearing Schedule
The Massachusetts Attorney General is reacting to the current sub-prime mortgage lending situation by proposing several new regulations under M.G.L. 93A A copy of the …