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14 Nov 2011, 7:50 am by Stikeman Elliott LLP
An early assessment should be made of the execution risk associated with each bidder in the process and considered in the context of (i) selecting the short-listed potential buyers and (ii) definitive transaction terms and deal protections (i.e. regulatory conditions and reverse break fees). [read post]
12 Nov 2011, 3:07 pm by Steve Bainbridge
Nevertheless, law students have been willing to take on even more debt for their degrees, borrowing a record $68,827 on average to attend public universities this year and $106,249 for private educations, according to the American Bar Association. [read post]
11 Nov 2011, 11:12 am
According to the Associated Press, there were 77,733 properties that received an initial default notice in October, a 10-percent hike from September. [read post]
2 Nov 2011, 6:38 am by admin
  Excess of debt service over income. [read post]
30 Oct 2011, 6:25 am by Mandelman
At the end of 2010, the California State Bar Association reported that it was investigating 2,000 complaints of loan modification fraud, and Suzan Anderson, who is Supervisor of the State Bar’s Special Team on Loan Modification Fraud, speaking last December to David Streitfeld of The New York Times said: “I wish the law had worked. [read post]
25 Oct 2011, 9:51 am
In addition, the exempt offerings include: securities with short term maturities; subordinated loans; variable contracts; modified guaranteed annuity contracts; modified guaranteed life insurance policies; and non-convertible debt or preferred securities by issuers that meet certain eligibility criteria. [read post]
22 Oct 2011, 11:56 am
According to the Community Associations Institute, as proposed, these QRM loans require that a person be able to provide a 20 percent down payment (or more), pay full closing costs out-of-pocket, provide full income documentation, and be current on all existing debt payments. [read post]
17 Oct 2011, 11:15 am by Francis M. Boyer, Esq.
CoreScore will act as a gap filler for the reports, providing a much more detailed report of a buyer’s information such as: • Properties owned (with and without debt obligations)? [read post]
11 Oct 2011, 10:33 am by Mandelman
  Tax cuts for business aren’t going to create jobs at this point any more than the home buyer tax credits were going to rejuvenate the housing market back in… well, whenever that was. [read post]
3 Oct 2011, 5:00 pm by Jean Braucher
Buyers may hesitate to show up at a foreclosure sale to buy from someone without an interest of record, and in cases where the property may be worth more than the debt outstanding, the absence of such buyers matters. [read post]
28 Sep 2011, 2:02 pm
In addition, RBCandrsquo;s marketing materials did not explain the risks associated with the CDO investments and the school districts were not the kind of knowledgeable and sophisticated buyer that could be expected to appreciate the nature of this convoluted investment. [read post]
23 Sep 2011, 6:21 pm by Mandelman
Listen… I don’t mind telling you that I’m starting to freak out over here. [read post]
22 Sep 2011, 4:25 am by Dianne Saxe
The buyer/ receiver took the money but did not dredge the lagoon. [read post]
14 Sep 2011, 2:26 pm by lawmrh
The 3 law schools are also being sued by unhappy alums with severe cases of buyer’s remorse. [read post]
9 Sep 2011, 6:00 am by admin
    The condo association will not be holding the mortgage – that’ll be a bank somewhere. [read post]
6 Sep 2011, 4:00 am by Edward P. Canterbury
This could also save the buyer from wasting time and expense reviewing association documents, restrictive covenants, existing leases to be assumed at closing, permits and other property entitlements. [read post]