Real estate lawyers stay busy in uncertain economy
Michael D. Weis, Partner Barnes & Thornburg, LLP
July 14, 2009
In today's economy, with financial meltdown news dominating the headlines, one may wonder: Is there any money available to complete a deal? Of course there is. After all, institutions that are in the business of providing loans still needed to move money. That's their business. There's not a hotter real estate issue today than the funding and collateralization of loans. Before we analyze from a legal perspective, we need to talk briefly about the business environment. After all, law is driven by business. Business doesn't drive law.
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