Hard Money Lending Goes Legit?

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It looks like hard money lending is alive and well and has gone mainstream. Here is an article in this weekend’s Parade Magazine: “More Americans Bypass Banks.”

If You’re Going To Lose Your Home, Why Not Lose Your Debts Too? (Or When Life Gives You A Lemon, Make Lemonade)

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The NY Times has an interesting article about homeowners abandoning their mortgages. My firm has encountered this more and more recently. Many homeowners do not realize that they actually can turn their bad situation into a good one. Read more

Commercial Real Estate Is About To Go Bust

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Here’s an article by MSNBC.com on the “double bubble” and commercial real estate problems that lie ahead. For individuals who own commercial property through corporate entities, I recommend going back to review your loan agreements to see if you signed a guaranty of any business debt tied to commercial property.

41 People Charged in Mortgage Rip-Offs – Part 2

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Here is the link to part 2 to yesterday’s post, as reported by MSNBC.com:

41 People Charged in Mortgage Rip-Offs – Part 2

41 people charged in mortgage fraud in NY

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Federal authorities have charged 41 people in a mortgage fraud involving tens of millions of dollars across New York state . . .