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Small Business Advocate Radio Interview with Jim »
Jim Blasingame interviews Jim Randel about The Skinny On book series and the elements of the mortgage/housing bubble bursting, which was a key factor in the current recession. Click here to listen
Archive for the ‘Real Estate’ Category
The $275 Billion Housing Bailout Big Question »
Wow! I have been a real estate attorney for thirty years and for perhaps the first time a real estate legal issue is making the news: Can a first mortgage be refinanced or modified without the consent of the second mortgagee? President Obama unveiled his $275 billion housing bailout yesterday, the core of which is mortgage modifications or
Proposals Re Bankruptcy Laws »
The new Administration is seriously considering a revision to the bankruptcy law that will allow Judges to "cram down" mortgages on residential properties. Actually bankruptcy judges already have the power to modify mortgages on vacation homes - just not primary residences. Consumer advocates argue that by giving bankruptcy courts the power
A New Closing Dynamic »
In the real estate transactions world, we are operating in new territory. Buyers are nervous ("are we overpaying?"). Lenders are skittish ("are we overfinancing?"). Appraisers are ultra-conservative. And so on. It is for this reason that I have been suggesting to my clients for more than a year that the period between contract and closing --
Cap Rate Decompression »
It seems like just a year ago I was speaking with a buddy of mine who specialized in investment sales of large real estate properties. As I was performing due diligence on some of these properties for an acquisition group I represented, I was very familiar with the numbers. When I heard the seller's asking price, and subsequently was stunned by