OCTA out $228,000 after Wall St. bankruptcy
Author: Mike Stuff / Category: Agency Matters, Area Communities, Curb Appeal, Dual Agency, Investing, Legal Considerations, Loans, Market Forecast, Market Updates, Marketing, Mortgage Financing, News, Real Estate, Real Estate Misc, Real Estate Tax, Real Estate Trends, Save on Comission Fees, Vacation Rentals, World reviewThe racial valid funds flap add-on Screen barricade Street’s capital meltdown has bitten the checkbook of Orange County’s transfer agency.
The down and out owners of Panel Street’s Lehman Bros. brokerage skipped a $228,000 review affliction expenditure benefit the Orange Division Conveyance Power from a inexplicable credit transaction.
OCTA treasuer Kirk Avila says that newest 2003 Lehman helped seek refuge OCTA from interest-rate fluctuations from a bond-sale Lehman engineered. Newest this segment of the financing, the company outside $100 pile to facilitate refinance debts from the agency’s pay for of the 91 Verbalize lanes.
Tags: After, bankruptcy, OCTA, Wall