Most commercial real estate loan documents give meaning to the phrase “real estate is old as dirt.” Why? Because just as dirt doesn’t change, commercial mortgage loan documents largely ignore the impact of technology on the physical attributes, use and operations of the property. Take another look at your mortgage loan forms with these
The dead are beating their lenders in recognizing the value of, and then protecting, their on-line lives – I mean assets. Does the tortoise beat the hare (again)? Even when the tortoise is dead? This perspective rings out in this:
- The Dead: on-line assets (accounts, sites and materials) are recognized as an important asset
Technology is all about fewer people doing more.
Part of the "doing more" is dealing with too much information; and then in crafting and implementing personal habits and self-control to deal with it.
The chief culprit is e-mail. Many of us receive 200+ e-mails a day – in our work e-mail. Separately, our personal e-mail…
This is a wonderful time of the year. And maybe I simply need to move on, to stop beating the drum about lenders needing to come to the technology party, and to drop this thought:
- Social media tools, like Facebook, will make a foreclosing lender miserable, unless the lender understands the tools and