The event which holds the claim of the largest gathering of default servicing professionals in history - the Five Star Default Servicing Conference and Expo - commenced with the Lifetime Achievement and Humanitarian Awards presentation on Monday. The ceremony shines a light on the distinguished careers of professionals whose leadership and philosophies have left their mark, and on individuals and companies who have had a positive impact on families and communities across the country.
As if it weren't enough to manage the liquidation of a company with $24 billion in jumbo mortgages, creditors of Thornburg Mortgage now have to contend with a possible misappropriation of assets by the company's top two officers that could result in criminal charges.
When a federal agency forecloses on a property where it has provided or guaranteed a mortgage, that property cannot be sold by a local government for non-payment of taxes, a Pennsylvania appeals court said in a ruling that could affect cases nationwide.
Investors anticipate further deterioration in the underlying fundamentals of the commercial real estate industry through the remainder of 2009 and into 2010 as investors remain on the sidelines, a new survey shows. Those seeking to acquire quality assets at distressed prices are hoping that near-term defaults and looming due dates will jump-start buying opportunities that so far have been absent.
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Rob Alley, Realtor
Keller Williams Realty
540-250-3275
roballeyrealtor@gmail.comhttp://www.charlottesvillevarealestate.blogspot.com http://www.robsellscharlottesville.comOh, by the way, I am never too busy to work any of your referrals.
Each Office Independently Owned and Operated
Licensed to Sell Real Estate in the Commonwealth of Virginia
DSNews.com
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