Tag: lawyer

BREAKING NEWS: Arizona’s Newly Expanded Anti Deficiency Protection

January 6, 2012

BREAKING NEWS: Arizona’s Newly Expanded Anti Deficiency Protection  In a move sure to cause shockwaves in the Arizona mortgage lending community, the Arizona Court of Appeals expanded Arizona Anti Deficiency Protection (under A.R.S. §33-814(G)) to protect borrowers whose property is foreclosed upon even while it is still under construction, so long as they intended to … More BREAKING NEWS: Arizona’s Newly Expanded Anti Deficiency Protection

For Your Consideration

June 22, 2011

For Your Consideration            Buyers and sellers of commercial real estate assume that their contracts mean what they say.  However, because of recent judicial activism and uncertain future decisions, that may not be the case; and without some new language in your purchase agreement – sellers may be able to break the real estate contract … More For Your Consideration

Surveying the Unknown

April 13, 2011

Surveying the Unknown With many commercial real estate buyers using cash, rather than traditional loans to acquire distressed and opportunistic assets, it is no wonder that extra costs for items that were previously “lender requirements” are being trimmed from acquisition budgets. One such expense being cut is the cost of a current ALTA/ACSM survey. There … More Surveying the Unknown

Playing With Fire

February 10, 2011

Playing With Fire Our dear friends at regional banks, commercial lenders and life insurance companies are making new commercial real estate loans. In recent months, Stein Law has closed several new financing transactions. But we have also witnessed a more concerning trend – borrowers getting strung along by lenders or brokers only to be left … More Playing With Fire

Walk the Walk: Strategically Defaulting Commercial Property Loans

September 1, 2010

Walk the Walk: Strategically Defaulting Commercial Property Loans Last week, the Wall Street Journal reported that some of the country’s largest commercial real estate companies, including Macerich Co., Vornado Realty Trust and Simon Property Group Inc. have intentionally stopped making payments on certain of their mortgage financing.  These “strategic defaults” signal a readiness by cash … More Walk the Walk: Strategically Defaulting Commercial Property Loans

The Golden Rule

November 12, 2009

The Golden Rule    The Golden Rule of the business world is “He who has the gold makes the rules.”  For real estate investors seeking to take advantage of distressed market opportunities without war chests of cash on hand, the absence of traditional financing has transformed many of those with available resources into a new … More The Golden Rule