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Tag Archives: real estate

Non-performing loans can be a smart investment (access required)

The down economy has sparked a number of new investment opportunities, particularly for individuals with the good fortune of being flush with cash and having the ability to get creative without having to convince a lender that a deal is viable. One such investment that has become more prevalent since the recession is the purchase of non-performing loans.

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Islamic real estate deals require faith in lending (access required)

Last year, Gastonia real estate lawyer Keith Hance found himself facing a home closing involving financing that complied with Islamic law. He looked into the law, also known as Shariah, but in the end he passed on the closing at a time when the real estate market was still down and many in the business were hungry for activity. The financing for the home, he said, didn’t “pass the smell test.”

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Checks that don’t check out (access required)

In 22 years of practicing law, Charlotte residential real estate attorney R. Steven Smith had never had anything like it happen to him. Just before Memorial Day, Smith was representing a real estate agent in a closing for a waterfront home in the Charlotte area. The buyer was from Beijing, Smith was told, and moving to Charlotte to take a position in the information technology department of a local bank.

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