Distressed Real Estate and Debt: News, Views and Reviews of our New Housing Economy

Municipal Fines a Growing Cost and Concern for Distress Investors

Municipal Fines a Growing Cost and Concern for Distress Investors

Sep 7, 2011

As I negotiate $1 million in fines levied against three assets that were part of a larger bulk purchase a few months back, today’s story in National Mortgage News comes as no great suprise: As if there were not enough considerations for investors sizing up the many distressed mortgage asset-backed securities still out there, it looks now like they should...