Friday, February 12, 2010 www.allamericangold.com Commercial Real Estate’s Coming $1.4 Trillion Crisis By LITA EPSTEIN – Daily Finance In a report released Thursday, the Congressional Oversight Panel sounded the alarm bell about a potential crisis concerning $1.4 trillion in commercial real estate loans that will come due between now and 2014. The panel warns that the “financial crisis will not end” because of the “potential impression that breakdown in those markets could have on local communities, tiny businesses, and individuals.” It is feared that when these loans come due, companies will be unable to repay or refinance them because of deteriorating conditions in the commercial real estate market. Most of these loans were made at the top of the real estate bubble in 2007 and have lost as much as 40% of their value. Nearly half are underwater — the properties are worth less than balance of their loans. www.dailyfinance.com
Monthly Archives: January 2005
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Is There Any Way to Not Pay a Cent for a Refinance Until the Final Paperwork Is Signed?
I kow that I will have to pay eventually but I don’t want to pay for equipment (like appraisal) if the rate between the Excellent Faith Estimate and the final rate jumps up (which it always seems to do) and I just want to walk away.
I always feel like I get suckered into taking a higher rate because I have already spent money on refinancing.
Cynthia McKinney on the Economic Crisis
Cynthia McKinney Green Party Presidential candidate details her 14 point plot to address the Economic Crisis. votetruth08.com


