In many cities, urban growth now fills the farmland that once surrounded Navy and Air Force airfields. Real estate development and finance near Navy and Air Force runways, however, requires special attention to a special set of restrictions called “AICUZ.” These Department of Defense regulations severely restrict land located near military runways. It
Credit seems to be more available for commercial real estate. For example, I know of one commercial real estate lender working on a construction to permanent loan program. This type of lending blends two types of loans: a construction loan to build the project and a term loan to finance it once the project…
This shouldn’t surprise anyone, but you need to be aware of this: the title companies are closely following all of the focus on allegations (or concerns about) what is called "robo foreclosures" (see my prior posts). And they are taking action.
I’ve been told that several of the largest title insurance companies have…
In earlier postings, we’ve covered:
- Verifying title insurance
- The need to review the terms & scope of the title insurance (2nd in a series; another posting)
- Some of the title insurance issues when doing a deed in lieu of foreclosure
These are all good steps.
But they overlook an equally important step:…
This is a series of blog entries in which we provide some quick answers to lenders’ frequently asked questions (FAQ).
We’ve addressed deeds in lieu of foreclosure in the past (link). Here is some more information on it.
FAQ #32 – When should a lender (or servicer) seek/accept a deed in lieu agreement?
The existence and continuation of title insurance coverage is an important issue in every workout and real estate collateral recovery plan. (Recall the earlier posting on construction loan policy binders).
The recent bankruptcy filing by LandAmerica Financial Group has focused many of us on this basic issue.
This announcement from the American College of Mortgage …
In the "good times," competition for the business often forced the construction loan originator to look for ways to trim costs or fees for the borrower. While this approach may have been prudent at the time, it can result in unintended consequences and a trap for the unwary during the workout or foreclosure process.