Archive for October, 2007

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Investment Real Estate Scam Exposed

I was talking with a client of mine recently about the Tenant-In-Common (TIC) industry and the difference between securitized and non-securitized TICs. There is plenty of debate over this issue in the industry right now. TICs are sometimes structured as real estate sales and sometimes structured as securities sales.
The big determining factor in whether a [...]

17Oct2007 | Brecht Palombo | 0 comments | Continued
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REPORT: MORTGAGE DEFAULTS INCREASING ON LOANS MADE IN FIRST HALF OF 2007

[As reported in the ABI Newsletter] A report by Arlington, Va.-based investment bank Friedman, Billings, Ramsey showed that borrowers who took out loans in the first six months of 2007 are falling behind on payments faster than homeowners who took out loans last year, the New York Times reported today. The report said that most [...]

17Oct2007 | Brecht Palombo | 0 comments | Continued
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Summit Mortgage Files for Bankruptcy Protection

On Thursday October 11th Summit Mortgage filed for bankruptcy protection. I’ve read and heard different things about why. As you may know Becky has worked there for about a year-and-a-half although she scaled back her time commitment pretty significantly after having Madeleine.
I talked with a couple of people who had the “inside scoop” if you [...]

15Oct2007 | Brecht Palombo | 0 comments | Continued
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