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How to Stop Further Deterioration of Distressed Commercial Assets

HardHatChat

Whether you’re a bank with distressed commercial real estate assets on your balance sheet, or you’re a real estate investor/developer who purchased a foreclosed commercial property, creating a viable workout plan can be an uphill battle. I’m not going to sugar coat it.

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Elgin Tower: Elgin's heart beats again

BD+C

Completed in May 1929 as the headquarters for Home National Bank and Home National Savings and Trust, the 15-story Elgin Tower has had a tumultuous history. The Crash of ’29 forced the savings institution to declare bankruptcy. Until now.

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Does a Lien Affect Your Credit Score?

Levelset

In contrast, a mortgage is a voluntary lien , because you sign papers giving the bank a lien on your property until you pay off the balance and interest. Credit bureaus can collect public information from state and county courts, including bankruptcies. Overdue debt that has been sent to collections also influences your score.

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Have we reached the point when the AEC industry starts redesigning fast-food menu items?

PSMJ Resources

The sector index is as follows: Multi-famliy residential (50.1), commercial/industrial (44.9), institutional (43.1), and mixed practice (40.3). Fact is, banks are being very skittish about loaning money or extending credit lines right now, and it is having a direct impact on the AEC industry. The new projects inquiry score was 52.5,

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Stop Bookkeeper Embezzlement In Your Construction Company

Contractor Bookkeeping

Being Ripped-Off And Driven Into Bankruptcy! For example I am a licensed Journeyman Plumber (PL01) in Washington State, and have owned and operated successful residential remodel companies, new construction residential and commercial plumbing companies as well as service, repair and drain cleaning plumbing companies.

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constructionattorneyblog: Waivers of liens: fraud

Construction Lawyer

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. He has handled all facets of litigation from pleading to motion practice to discovery to trial. Waivers of liens: fraud. In re Christensen , 2005 WL 1941231 (Aug.

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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

Worse, a lawsuit against the general contractor or subcontractor for breach of contract after abandonment of the project will almost certainly be futile; the default on its loan usually signals that it won’t be able to pay a judgment and is probably headed for bankruptcy. Reading Cooperative Bank v. Suffolk Construction Co. ,