On the heels of Capmark Financial Group filing for bankruptcy last week, this week saw another super huge commercial real estate lender file for bankruptcy.
This time it’s CIT Group, a lender to way more than 100,000 small and medium sized businesses. This is one of the largest companies in history [...]
Here’s another topic I’d have sworn I’d written about, which I’m now realizing I haven’t, and it’s important enough to bring up for those folks who might be thinking about it.
In general, short selling is the act of selling one’s home for less than what it’s worth. There are a [...]
A couple of weeks ago, I wrote on an impending problem, that being a collapse of the commercial real estate market. Well, in today’s CNN Money report, there’s a story talking about luxury hotels starting to default on loans, and how that could spell disaster for the travel and vacation [...]
By now, everyone knows that the housing market has been bad. Even here, I’ve talked about the problem with the housing market.
It’s now time to get ready for the next danger; the commercial real estate market is also on the verge of collapse. That’s what came from a report [...]