I’ll admit it: I’m old and getting older. This hit me earlier this week as I argued with a lawyer about the enforceability of due-on-sale clauses in commercial mortgages. The conversations boggled my mind, because the debate was “settled” in 1982 when Garn-St. Germain (citation below) was enacted – and the debate ended: due-on-sale clauses… Continue Reading
Tag Archives: Loan Defaults
Into the Looking Glass: Reports on Market Trends from the 2009 MBA-CREF Convention
Posted in Good Times for Lenders, Market Trends, Tough Times for LendersIn October 2008, Brenda Brown, Keith Mullen and Lou Strawn authored a series of posts while attending a real estate conference in Munich, and then from London as we returned to the United States. The series chronicled the European perspective as the economic crisis first rattled around the world (Day 1, Day 2, Day 3,… Continue Reading