The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Thursday, September 24, 2009
New IRS Rules May Help Stave Off CMBS Defaults and Foreclosures
The IRS has just issued new guidelines allowing certain commercial mortgage borrowers to modify and restructure their securitized loans without triggering massive tax penalties. These new tax changes could give many borrowers more flexibility in working with lenders. The catch: those already drowning in debt may be out of luck.