What do Boca Raton, FL, Normal, IL, Germantown, MD, and Ogden, UT have in common? They are home to the latest four banks to shutter their doors in 2010, bringing the total failed bank count this year to 26. With over 700 banks on the FDIC’s watch … [Read more...]
REO and Non-Performing Loan Totals Increase 9.9% at US Banks
February 25, 2010 By 2 Comments
US banks reported an increase in distressed mortgage and REO volume of nearly 10% over the previous quarter. Troubled real estate and distressed whole loans with banks now top $352 Billion, up from a little more than $320 Billion in the previous … [Read more...]
Podcast: Distressed Commercial Assets Masterminds
January 20, 2010 By 1 Comment
You've probably heard of Mastermind Groups by now, and maybe you're even involved in one, but are you using them to drive your distressed real estate transactions? Ken Hecht is doing just that. Ken was a key player in the Wang Towers deal, … [Read more...]