Buying a home in the U.S. Virgin Islands can be a time-consuming process. However, home ownership can also be very rewarding. The purchase of a new home is often times the largest single purchase that an individual will make in their lifetime. Consequently, the right amount of planning and preparation can reduce your stress and make for a comfortable transition into your new dream home in the U.S. Virgin Islands. Buyers, especially first time buyers, need to be sure to ask the right questions about potential properties and make careful financial decisions leading up to the home purchase. Most importantly, buyers should obtain professional assistance from the outset to make for a smooth transaction.
“White Knights” for Residential Mortgage Workouts
By A. Jennings Stone on
Posted in Litigation, Real Estate
One of the areas of practice for BoltNagi PC is commercial and residential mortgage foreclosure law. Although the substantive law governing commercial and residential mortgage foreclosures is virtually identical, commercial borrowers have an important advantage over residential borrowers: If a commercial borrower is facing foreclosure, it can seek out new investors or a “white knight” to get it out of trouble. Residential borrowers don’t generally have that option.…
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