Virgin Islands Law Blog

Virgin Islands Law Blog

U.S. Virgin Islands law & politics

Category Archives: Banking and Finance

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Signs of Economic Improvement: USVI Bonds Pick Up

Posted in Banking and Finance, Business, Corporate & Financial Services, Government Relations, Hurricane
While the U.S. Virgin Islands’ bonds are still rated in junk status, there are some significant signs of improvement and glimmers of hope for economic recovery in the territory. The price of some of the Territory’s bonds has more than doubled since the end of 2017, thanks in large part to a boom in construction… Continue Reading

An Overview of the Short Sale Process

Posted in Banking and Finance, Real Estate
A short sale is when a lender agrees to a person or entity selling property at fair market value even if the outstanding mortgage against the property is more than that value. In such a case, the lender generally forgives the balance due on the loan after the sale occurs, and the borrower is not… Continue Reading