Christa Dommers, Stanley Jutkowitz and Rebecca Woods Published in the Legal Times
"Watching, Waiting, and Working It Out"

Christa Dommers, Stanley Jutkowitz and Rebecca Woods' article, "Watching, Waiting, and Working It Out," was published in the October 27, 2008 issue of the Legal Times. In the article, they discuss the tremendous strain on the real estate market due to the credit freeze. The attorneys elaborate that once again "cash is king, and lenders, real estate developers, investors, and tenants are developing short-term strategies to hold their positions by preserving cash and by working out loans and leases to minimize credit and lease defaults. Where that is not possible, lenders and landlords are not hesitating to foreclose on properties or to seize collateral through every available legal process." Given the credit freeze, the attorneys explain that real estate owners are either putting projects on hold or are going overseas, mostly to the Middle East, to look for money. Christa, Stan, and Rebecca conclude that "This credit freeze has put us all in uncharted territory. Until the freeze thaws, the entire real estate industry will be watching, waiting, and working things out."