Tuesday, September 22, 2009

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DS News
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.
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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.
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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.
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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.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.robsellscharlottesville.com
Oh, 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

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