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Late and non-performing construction loans as well as construction REO jumped again. But before I get into that we have two announcements.
First, we are now reporting distressed construction loans and construction reo different than we have in any prior quarter. We’re doing this for two reasons. The first is that our goal is to [...]
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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 quarter.
Residential Real Estate Problems
As expected, residential real estate continued to be the dominant [...]
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Its no secret that Florida is one of four states that has borne the brunt of the residential real estate bust. Now as we teeter on the edge of a major commercial slide what role will Florida fill?
While we don’t have the data on the entire Floridian commercial real estate universe we do know what [...]
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This is the first in a professional podcast series. The goal of this series is to bring real life, real time, information to our members and subscribers about how professionals on the front-lines of the distressed property and loan market are making it all happen. In this episode I talk with Bob Thomas.
Bob is the [...]
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It has been widely reported this morning that last night (Sunday 10/25/09) one America’s largest commercial real estate lenders filed for Chapter 11 bankruptcy protection. Chapter 11 is a reorganization filing designed to allow business to continue to operate while they shed debt and evaluate their business. What of other commercial lenders?
The BankProspector is showing [...]
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