Real Estate Finance

Jerry Coleman, co-founder of several Arizona real estate businesses, keynotes ASU event honoring him for Spirit of Enterprise Award.

U.S. News & World Report Money published a story on January 30, 2015, about ways to get around a dismal credit rating if you want to buy a house.  Mike Orr, director of the Center for real Estate Theory and Practice, weighed in on seller financing.

Real estate projects that usually have trouble attracting the interest of banks are gaining momentum with alternative financing tools such as the EB-5 program, the JOBS Act and smaller, specialty lenders. These tools were discussed during a panel presentation entitled “Emerging Alternative Financing Opportunities,” part of a series presented by the W. P. Carey School of Business and the ASU Real Estate Council, an advisory and support group for the division of real estate in the W. P. Carey School’s finance department.

Real estate professor Andra Ghent’s study of historical mortgage laws and foreclosure statistics shows that state laws vary greatly and, when laws require lenders to work through the court system, foreclosure processes tend to drag on and on. Such delays can hobble housing-market recovery. In fact, it’s happening now and, according to Ghent, now would be a good time for market troubles to kick-start legal reform of mortgage law across the United States.