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The reality faced by the secondary loan market is that housing prices have fallen. This means in many cases there is no longer enough equity in the property to cover both the primary loan and the secondary loan amounts. In the event that a debtor defaults, instead of foreclosing on the home and forcing [...]
Filed under: Real Esate Law Issues | Tagged: Banking Law, foreclosure, Real Estate, Secured Transactions | Leave a Comment »
A co-owner on an inherited property recently posed a question about 1031 exchanges.
Regarding the property she owned; she had no title issues, no ownership disputes and a very simple and clear ownership structure. There were four owners, 1/4 ownership each. It was a SFR and there had been renters in it for some time, 20 years at [...]
Filed under: Tax Consequences of Real Estate Tranactions | Tagged: 1031, intermediary, investment property, like kind, partnership 1031 exchange, real estate tax | 3 Comments »
My first entries are to give the story of who I am. I will be blogging and answering questions you may have but please be patient as I am extremely busy. I am currently pursuing a Law Degree and a Masters of Law in Real Estate. My undergraduate degree is a BS in Building Construction Management. Between these academic achievements I spent [...]
Filed under: Humble Beginnings | Tagged: acquisition, construction, development, law, lawyer, property, Resume | Leave a Comment »
