The Federal Credit Reporting Act [“FCRA”] makes it mandatory for Credit Reporting Agencies such as Experian, Equifax and Trans Union “to follow reasonable procedures to assure maximum possible accuracy of the information in the [consumer’s credit] report….” A willful and negligent failure to do so is violation number 1 of the FCRA. One wonders then … Read more
Opening a dollar store can be a real learning experience. Even if you’ve worked in other parts of the retail industry you will not be prepared for the huge volume of products that go out the door of your store every month. Because of the high volume, locating the right dollar store suppliers and then … Read more
Foreclosure can be a court process where the lender proves that the borrower is in default on payments. The court may require the borrower to pay the entire remaining mortgage. If the borrower does not pay, the court will issue a statement to foreclose on the mortgaged house. Foreclosure can also be non-judicial and not … Read more
I recently spoke at the World Alternative Investment Summit in Niagara, Canada and for such a prestigious, well organized event, I was somewhat surprised by the lack of attendance and the overall mood of the conference. We all know that times are tough for hedge funds right now, but the numbers don’t speak as loudly … Read more
When you deal with tenant buyers in real estate, you have to be prepared for any number of different scenarios. You may find that the tenant leaves the property without going through with his or her promise to purchase it. Or you may find that the tenant seriously damages the property. In some cases, the … Read more