Real Estate/Development
Jan. 13, 2009
Attorneys Salvage Real Estate Deals
The torrent of real estate deals that came together in recent years are at risk of falling apart due to the turbulent economy, real estate deal lawyers say. But collapsing deals call for repairs, and many of these California-based attorneys are now focusing their practice on out-of-court workouts.
Daily Journal Staff Writer The torrent of real estate deals that came together in recent years are at risk of falling apart due to the turbulent economy, real estate deal lawyers say. But collapsing deals call for repairs, and many of these California-based attorneys are now focusing their practice on out-of-court workouts. A workout is a method in which the payment terms of a deal are altered so a borrower can meet loan agreem...
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