Category Archives: International Finance

Ermitage du Lac 21 Club

The name even sounds exotic - Ermitage du Lac 21 Club? Like it is somewhere far, far, away… and yet Mt. Tremblant is a commutable distance for anyone in the U.S. Midwest or East Coast. They speak French in Quebec, but English too. The culture is rich in history like Europe, but the properties are […]

Marquis Buyers get Mortgages from Americor/Vacation Finance

This was on GlobeSt.com this morning…
Marquis Offers Mortgages to Buyers
MIAMI-The developer of the 292-unit luxury condominium in downtown Miami known as the Marquis Residences is  trying to sell the remaining 227 units at the development in a unique way by offering to fund mortgages for so-called non-conforming loans. The 67-story tower, the tallest residential building […]

Waun quoted in the Miami Herald

Foreign buyers are flocking to Florida condos again
Canadians, Brazilians — even some Chinese — are buying up Florida condos, sometimes in bulk. The lure: rock-bottom prices.
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New Mortgage Modification Rules offer only HOPE…

Impotence… Bulls, Banks, Beggars seek Loan Modifications.
HOPE, an inactive verb. HOPE is some you need in an absence of ACTION and RESULTS.
Tonight there are thousands of call center employees fielding phone calls from home owners. The home owners are begging for loan modifications, fully expecting that the new Obama Modification Regulations will save them money, […]

Last Year in Dubai

Last year this week, I spent the day driving around the construction site called Dubai.
Riding around town with my friend there, our tour was interrupted by a cell phone call. My host had learned that Nakeel (one of the Emirate’s 2 development companies) was offering 90% of consumer buyer’s earnest money deposits in refund if […]