chase: If Dominick’s Is Out, Who’s Moving In?
- 12/27/13 07:41 AM
One of Chicagland’s most well known grocers, Dominick’s, is in its final 2 weeks of existence. This begs the question, who will take over these stores? For many of the Dominick’s location it is more than just a grocer, it is “anchor tenant” for many of the real estate centers that house it. This is a problem for many of the businesses attached to or surrounding those locations as they rely heavily on the traffic to provide additional business. Additionally, many of these grocery-anchored shopping centers have tenancy and co-tenancy clauses that stipulate smaller retailers may break their lease if an … (0 comments)
chase: 41% drop in pre-foreclosures in 2012
- 05/30/13 10:31 PM
The 5 major lenders report their 2012 pre-foreclosure rate has dropped a whopping 41%! The Big Five looked at their combined notice of default, (NOD) and notices of trustee sales, (NTS) and compared them to that of a year ago according to Reality Track. Bank of America reports a 63% reduction from last year. Citi is showing a 40% reduction from last year’s totals. However, when comparing the numbers of pre-foreclosure filings in judicial states vs. non-judicial states there seems to be an increase. Collectively, Bank of America, Citi, Wells Fargo, JP Morgan Chase, and Ally are showing a 26% increase … (0 comments)
Brainstorming Idea #5 on how to reduce the shadow inventory
Ok, how about this one. Since the money-center banks really are not true lending banks, they are servicing banks. Quick point of education: When you go to your neighborhood bank, such as Bank of Main Street that is not a multi-branch bank, and then they provide you a mortgage, they keep the mortgage on their books in their vault. They own the mortgage. When you go to a Chase or Bank of America branch, they originate your mortgage, then they package it and sell it off … (1 comments)
One of Chicagland’s most well known grocers, Dominick’s, is in its final 2 weeks of existence. This begs the question, who will take over these stores?
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