Archive for February, 2008

post thumbnail

REO and Nonaccrual Construction Loan Balances Skyrocket in Massachusetts

I just completed a study of thrift reports for the commercial lenders in Massachusetts. Bank owned property also known as REO or OREO and non-accrual balances are skyrocketing.
I began this exercise last year as we were “cranking up” the auction business in order to get a feel for what is happening in our [...]

29Feb2008 | Brecht Palombo | 0 comments | Continued
post thumbnail

What is the Real Future of the Real Estate Market?

Listen to the first few minutes of this interview with Howard Davidowitz (at least) “Retail Analyst & Chairman of Davidowitz & Associates on NPR. OK, I don’t want to be Debbie Downer but I consider it to be my responsibility as a real estate investment professional, to report on and disseminate all that I collect [...]

28Feb2008 | Brecht Palombo | 0 comments | Continued
post thumbnail

Foreclosures Offer Squeaky Clean Title

I’ve been getting the question about clean title a lot lately while I’ve been showing the Charles Ridge project. People say to me “well jeez, how is anyone going to buy this with all those liens behind the mortgage?”. That is just the point of foreclosure, it offers a collection remedy for the mortgagee and [...]

28Feb2008 | Brecht Palombo | 0 comments | Continued
Older Entries