Industry News

A ‘tsunami’ for luxury real estate?

Commercial loan losses could lead to huge tax bills
Published on Jun 24, 2010

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by CareyBot

Many parts of the country are starting to climb out of the worst real estate market since the 1930s. Are we finally creeping to a recovery or is there another disaster lurking around the corner that could force the residential real estate market into another dive?

An old friend recently contacted me about one of his commercial property investments. A property across the street from his had recently sold. Due to the recent sale, his lender decided to order an appraisal on his property.

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