Standard & Poor’s (S&P) will pay $20 million and suspend part of its CMBS business as part of a settlement with New York and Massachusetts over claims that the financial research and analysis company relaxed standards for calculating the debt-service … Continue reading →
Congress adjourned for the 2014 without passing an extension of the Terrorism Risk Insurance Act (TRIA reauthorization). Risk insurance is required for many existing commercial mortgage loans. Notes with coverage that will lapse on Dec. It order generic levitra view … Continue reading →
President Obama’s announcement of the restoration of diplomatic relations between Havana and Washington opens the prospect of US real estate developers entering the Cuban market to address that country’s aging infrastructure and untapped potential. Cuba is the second-most visited Caribbean … Continue reading →
Vietnamese lawmakers have amended the law on foreign property ownership to allow foreign investment funds, foreigners with valid visas, international firms with operations in Vietnam and overseas Vietnamese to buy residential properties, according to Reuters. The law limits foreign property … Continue reading →
Tenancy in Common Each tenant has an individual, simultaneous, undivided ownership interest (percentage) in the property; Each tenant has the right to alienate, mortgage or transfer his/her ownership interest; Tenants in common may hold unequal interests; No right of survivorship. Although … Continue reading →
Bank of America Corp. will pay almost $17 billion to settle with the US Department of Justice and bring to a close a number of investigations related to mortgage lending and packaging before and during the Great Recession. The $17 … Continue reading →
Involuntary conversion – destruction or loss of the property through casualty, theft or condemnation action pursuant to government powers of eminent domain, and the resulting compensation from such destruction or condemnation; Understanding the Cause While developing an in-depth knowledge of … Continue reading →
Crumbs Bake Shop Inc. filed for Chapter 11 bankruptcy protection on Friday with plans to sell itself to an investor group that includes CNBC host Marcus Lemonis and Fischer Enterprises (owner of Dippin’ Dots). Crumbs, which started in New York … Continue reading →
USPS Inspector General David C. Williams has issued a “management alert” advising the U.S. Postal Service to disallow dual agency representation by CBRE, which represents the Postal Service in sales and leases of postal property. The Inspector General is concerned … Continue reading →
Wal-Mart will abandon plans to build three new stores in DC and it will review the financial and legal implications of not opening three others that are currently under construction if the city implements the “living wage” legislation. This “living … Continue reading →