Incentives to Avoid Foreclosure

The Federal Government recently announced new incentives for homeowners underwater with their current mortgage to work with their bank on a “short sale.”  The new rules give timelines and parameters that offer confidence to lenders who have too often been stuck in an undefined and time consuming processes.  The Obama Administration’s aim is to lessen [...]

Receivers and Receivership

Here’s a good resource if your real estate development or investment runs into some trouble and you or your lender think you may need a court appointed receiver. A court appoints a receiver only after both sides of the litigation are given an apportunity to give input upon the specific receiver and the goals of [...]