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Real Estate & Property Law

: The Home Equity Theft Reporter

"Old Gray Lady" Victimized In Multi-Million Dollar "Home" Equity Stripping Deal? Or Did She Lure "Unwitting" Billionaire Into An Equitable Mortgage?

By r morris

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In New York City, The New York Times (aka the Old Gray Lady) reports:The New York Times Company said [last] Monday that it had raised $225 million through a sale and leaseback of part of its headquarters building, one in a series of moves to pay down its debts and increase its cash cushion during a drastic slump for the newspaper industry.The sale-leaseback agreement with W. P. Carey & Company,

Full post as published by The Home Equity Theft Reporter on March 15, 2009 (boomark / email).

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