Selling Problem Loans: Cash for Clunkers
by Jeffrey E. Smith, Partner
Bricker & Ecker LLP
As financial institutions look for opportunities to free themselves from the ongoing financial, managerial, and regulatory burdens of problem loans, selling the problem assets can be an attractive solution. On close examination, however, the terms of the sales of these assets may or may not be advantageous to the selling institution.
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The Silver Lining in Housing Foreclosures
by Dan Peterson, Executive Director
Utah Center for Affordable Housing
Rapid house price appreciation over the not-so-distant past has created barriers
for individuals and families seeking affordable housing. Few lenders want to dwell further on what precipitated the fall of housing prices,
but the problem we now face is clear: financial institutions in most markets are
struggling to deal with an increasing volume of foreclosures.
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