Eagle Hospitality Avoids Foreclosure, Reaches Compromise With Blackstone
The Wall Street Journal reported this week that Eagle Hospitality Trust and Blackstone Group struck a deal to avoid foreclosure …
Category Archives: Distressed Assets
Battle Over Major U.S. Luxury Resorts
An article in the Wall Street Journal this week highlights a developing battle for ownership of four giant U.S. luxury …
New Strategy for Underwater Mortgages Would Use Government Powers of Eminent Domain
The Wall Street Journal reports on a new approach to refinancing underwater home mortgage loans that involves municipalities using their …
Triggering the Buy-Sell: Considerations for invoking a buy-sell provision in a partnership dispute (Part 2)
This is Part 2 of a two-part series on triggering a buy-sell. This week we will consider three more factors …
Triggering the Buy-Sell: Considerations for invoking a buy-sell provision in a partnership dispute (Part 1)
In a down market, partnership disputes tend to rear their heads with increasing frequency, and many partners begin looking for …
Special Servicers Face Criticism for Lean Results From Real Estate Workouts
According to a recent article in the Wall Street Journal, special servicers are being criticized by investors and analysts for …
‘Extend and Pretend’ Taken Further
The Wall Street Journal reports on a December court decision that is causing a stir because of the drastic treatment …
Short Sales Outnumber Foreclosures?
A recent article on Bloomberg.com reports that the number of short sales of homes in the U.S. surpassed the number …
Michigan Case Could Send Shockwaves
An article in the Wall Street Journal describes a recent decision in a Michigan appellate court and the repercussions it …
Considerations for Foreclosing Mezzanine Lenders – Part 2
Here, we continue our discussion of considerations for foreclosing mezzanine lenders. Type of Foreclosure In preparing to exercise remedies under …
