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Home Loans - Recent Trends in Sri Lanka:
There is a rising demand for home loans in Sri Lanka. The market has grown at a compound rate with the escalation of per capita income and changing patterns of consumption and saving habits in the recent past. more ...
The Federal Home Loan Bank System: The "Other" Housing GSE:The federal government has played an active role in residential mortgage finance since the Great Depression.1 Prior to that time, mortgages typically had short terms (often less than five years), carried variable rates, and required final "balloon" payments that were generally refinanced. In the early 1930s residential real estate values (and financial asset values generally) fell dramatically. Coupled with limited refinancing opportunities, this decline generated a wave of mortgage defaults and foreclosures, further depressing the housing market. more ...
Donating Real Estate:
Real estate has been the fastest appreciating investment for many people during the past several years. With interest rates rising, however, there has been a softening of the real estate market in many parts of the country. Some economists feel that this may be the beginning of a long-term decline in real estate values. The tax traps associated with charitable gifts of real estate are numerous. Running afoul of one or more can result in significant negative tax consequences to the donor and, under certain circumstances, to the recipient charity as well. The most common traps are valuation and substantiation issues; prearranged sale; unrelated business taxable income; mortgaged property; and the excise tax on self-dealing. Real estate can be a great asset to give to charity. Now may be the right time to consider this kind of donation. But donors and their advisors should be careful. more ...
Applicability of the Earmarking Defense to a Preference Action:
The elements of a voidable preference are enumerated in §547(b) of the Bankruptcy Code and well known to practitioners. The trustee must prove that the transfer in question (1) was to or for the benefit of a creditor, (2) was for or on account of an antecedent debt owed by the debtor before such transfer was made, (3) was made while the debtor was insolvent, (4) was made on or within 90 days before the bankruptcy filing date, or within one year for insiders, if the creditor was an "insider" at the time of the transfer, and (5) enabled the creditor to receive a greater percentage of its claim than the creditor would have received had the transfer not taken place and the debtor's assets liquidated in a chapter 7 case. 11 U.S.C. §547(b); Union Bank v. Wolas, 502 U.S. 151 (1991). more ...
Real Estate Update:
Evansville. "There's a lot of excitement about our downtown," says Ken Newcomb, president of EC. Tucker Commercial in Evansville. "Our downtown is on a fast track of rebuilding."
In recent years the skyline has benefited from new headquarters buildings for Vectren and Old National Bancorp. Now, residential opportunities are on the rise, including lofts and condominiums, he says. more ...
Lodging: The Darling of Real Estate :
In entering the second quarter of 2006, the US hotel market is clearly perceived as a "darling" industry in the world of commercial real estate. This phenomenon clearly reflects a classic lodging industry economic upswing: as occupancies plateau, the pendulum of pricing power rests squarely with hotel owners and operators. At this point in the cycle of past industry upswings, new hotel development would typically be in full bloom. Hotel sale transaction activity remains brisk during the first part of 2006. Strategic Hotel Capital is reportedly in contract to purchase the Four Seasons in Washington DC for a record $800,000 per key. Due to the anticipated continuation of strong growth in the industry, hotel capitalization rates are typically higher than many of the sub-7% trailing 12-month overall rates on which many sale transactions are currently occurring. more ...