The spot for information on buying, selling, developing, and just plain owning real estate. Plus news for builders, insurers, and real estate professionals. And a few miscellaneous bits I may throw in at random.
Well, Franklin Raines is out, and that $9 billion earnings restatement is looking like a sure thing. Fannie Mae will probably be compelled to be less aggressive than it has been. Effect on mortgages? Probably nonexistent. The market appears to have taken this mess into account already, and there is plenty of capital from other sources ready to fill the gaps Fannie leaves behind.
posted by Knute Rife @ 4:59 PM
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I am an attorney licensed in Washington and Utah, and I keep track of real estate and business law in the Rockies and on the West Coast in general. Real estate law these days goes far beyond owning dirt and building things on it, and business is about more than hanging out an "OPEN" sign. They're about management, employment law, insurance, and lots and lots of regulatory compliance. Stop at my Spots, and we'll see if we can sort things out.
Knute Rife has made this blog and the materials on it available to the general public for informational purposes only. The information provided is not legal opinion or legal advice. This information is not intended to create, and the receipt or viewing of it does not create or constitute, an attorney-client relationship. No one should act upon this information without seeking professional counsel.
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