Citi, J.P Morgan Agree to Foreclosure Moratorium
This is all over the news today. This particular report comes from MEENA THIRUVENGADAM of the Wall Street Journal. Please see the article below.
I suspect all this wonderful stuff is for homeowners only. It will be interesting to see if there is a specific program for investment properties (my guess is no). The other point [...]
Sale of Tenant-In-Common Interests Must Comply With Securities Laws
Here is information that came from my friend Jeffrey Lerman, an attorney in San Rafael, CA. It is very relevant to sponsors considering setting up a TIC and for investors considering moving all or part of a 1031 exchange into a TIC share:
The Securities and Exchange Commission (SEC) recently issued a no-action letter taking the [...]
Release The Fly to Eat The Moth
The economy is in the doldrums. The bailout efforts shift directions and so far neither liquidity nor activity is seen at any meaningful level.
Everyone agrees that the root of all difficulties is HOUSING and HOUSING PRICES. Digging in a little deeper in the most afflicted markets, everyone will tell you that the root of the [...]
Kenneth Harney on Rethinking Controversial Limits
One of our investors forwarded me this very interesting article from RealtyTimes.com. It is very encouraging, in light of previous posts, to see that the government may be reconsidering its position. Let’s all hope this will happen. From RealtyTimes.com:
Investor Report: Rethinking Controversial Limits
by Kenneth R. Harney, Published: December 12, 2008
Here’s some potentially good news for [...]
