If you’re interested in exploring real estate investments, you’ll be interested in the growing trend of geography-based investments that allow investors to own a piece of real estate they love, even if they can’t afford to actually live there.
Platforms like CityShares are cropping up quickly to facilitate this type of investment, but don’t confuse them with REITs. For one, the returns are different. How else are they different?
Read the entire article, by AIMkts Contributing Editor Alicia Purdy, here, or visit www.accreditedinvestormarkets.com for more information.
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(posted 2 days 22 hours ago)

Per the South Florida Business Journal:

Aug 22, 2014, 1:05pm EDT

The COMI
(posted 4 days 6 hours ago)

ChamberWise is pleased to announce its newest members: The Ashland Area Chamber of Commerce and The Tennessee Chamber of Commerce and Industry. These Chambers recently teamed up with the ChamberWise  Education Consortium to offer their members a valuable business education resource while generating revenue for their respective Chambers.
Read the newsletter here or visit www.chamberwise.org to learn more about us or to join.

(posted 4 days 7 hours ago)

According to the L.A. Times:

The COMI
(posted 4 days 7 hours ago)

News about the Investment Dar restructuring under Kuwait's Financial Stability law, per www.thepeninsulaqatar.com:

The COMI
(posted 4 days 8 hours ago)

Texas bankruptcy judge Jeff Bohm has ruled that a chapter 7 debtor who sold his homestead over a year after filing bankruptcy could not keep the portion of the proceeds when he failed to reinvest them within six months.  In re Smith, 2014 Bankr. LEXIS 3344 (Bankr. S.D. Tex. 8/4/14).    The case concerns the intersection between bankruptcy law, which determines exemptions as of the petition date, and Texas law, which requires reinvestment to maintain the exemption and is part of a continued trend of homestead proceeds at risk
What Happened

 The Debtor filed a chapter 7 petition on March 20, 2012 and claimed his homestead as exempt.   No party objected to the exemption.   The Trustee did not close the case.   On June 21, 2013, the Debtor sold his homestead and received net proceeds of $813,935.77.    The Debtor did not reinvest the proceeds within six months.   On April 11, 2014, the Trustee filed an adversary proceeding seeking to recover the remaining homestead proceeds in the amount of $700,349.09 from the Debtor.   The Debtor filed a Motion to Dismiss.  

The Fifth Circuit and the Vanishing Exemption

(posted 4 days 12 hours ago)

The latest consumer financial product to come under the regulatory microscope is subprime auto lending, which has seen a boom in the last few years.  The subprime auto market's boom underscores a real problem in consumer financial regulation: different consumer financial products have developed different substantive regulatory regimes that are not justified by differences in the products. Most fundamentally, we have an ability-to-repay requirement for mortgages, a different ability-to-pay requirement for credit cards, and nothing else for other products. In light of the changes in all consumer finance markets, in which securitization and sweatbox lending have undermined the traditional lender-borrower partnership that encouraged responsible lending, it is time to consider a universal ability-to-repay requirement for consumer credit. 

Credit Slips
(posted 4 days 13 hours ago)

On August 19, 2014, www.recorder.com reported that the nation’s oldest cutlery business, Lamson & Goodnow Manufacturing Co. of Shelburne Falls, filed for bankruptcy after 177 years of making knives and kitchen tools.  
For more see:
http://www.recorder.com/news/13203172-95/lamson-goodnow-files-for-bankruptcy

The COMI
(posted 5 days 8 hours ago)