Archive for the ‘loans’ Category

Short sales and lenders

I attended an interesting class this week. An attorney who specializes in short sales and foreclosures was presenting his opinion of the Arizona anti-deficiency statute. It was interesting in that most of us attending thought first, that there was only one statute, and second, that the statute applies only to foreclosures, and not to short […]

Recessionary Culprits and the Dawn of New Opportunity

The American Bar Association conducted a survey of more than 14,000 attorneys between November 11 and 13, 2008, publishing the results in the January, 2009 issue of the ABA Journal, glibly entitled the “Special Recession Issue.” In response to this question—Who is most to blame for the recession?—came these lawyerly answers:Financial Institutions 48%Congress 14%Federal regulators […]