Loan-to-own: Predatory or practical? Some developers call the strategy underhanded, but courts aren’t so sure
January 1, 2011 – Media Mention
The Real Deal
Sheldon Chanales argues that in most cases of alleged predatory lending, the banks and other financial institutions are acting in good faith, well within the law, and in reaction to monetary defaults. Sheldon opines: "There's no moral hazard involved in owning a lender position and using the right to exercise your position. Welcome to capitalism."