On June 25, 2014, the US Treasury Department, through the Office of the Comptroller of the Currency (“OCC”), issued a press release saying that banks nationwide are making riskier loans to compete with other banks. The OCC is charged with regulating and supervising...
Author: Kaitlin Funaro, MarketPlace Media We’ve all seen late night infomercials promising to lift us out of a mountain of crushing debt: It’ll only take a phone call. Just three minutes of your time. And you, too, could be debt free forever. You don’t need to consult...
When Is It Acceptable to Forgo Payments to Your Creditor or Landlord? Credit card, loan and lease agreements contain terms that regulate the debtor / creditor or landlord / tenant relationship. Not surprisingly, a large portion of these contracts are dedicated to the...
I recently met two successful business partners in the real estate investment business. They were frustrated about a real estate transaction they had been involved in for a while. They proceeded to tell me how many hours they spent on doing the legal research that...
Believe it or not, house flipping is back with the housing recovery. And while there’s money to be made from flipping houses, there’s also money to be made from selling things to would-be flippers. Flipping workshops are crowded again. House Flipping Workshops At a...
What Does “Where is-As is” Mean? “Where is-As is” is a real estate term whereby the property is being sold in its present condition. No “moving, cutting, shifting, replacing, redoing, changing, repairing, relocating, or refacing” anything related to the...