With billions of dollars worth of commercial real estate loans coming due, landlords with struggling properties are increasingly giving the keys to lenders and walking away.The decision amounts to owners trying to wash their hands of an investment gone bad, but many have found out the hard way that it isn’t so simple. These transactions — known as deed-in-lieu-of-foreclosure sales — could wind up saddling them with a large tax bill...
RSK: Unless you are a newbie in the investment real estate world, you are probably painfully aware of this. If it is a partnership or LLC with many partners, some of them may not be.
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- - Volume: 24 - WEEK: 44 Date: 10/29/2024 1:30:36 PM -