There have been news left and right of how previous homeowners are slowly turning into renters. The recent sale of a multi-family housing community provides another proof behind the truth of that news. The Courts at Fair Oaks, formerly known as The Point at Fairfax, is a 364-unit luxury multi-housing community in Fairfax, Virginia. Its sale has been closed recently by Read full article »
Lending To Ninja Borrowers May Lead To Economic Double Dip
The past mistakes of the real estate industry is coming back to haunt not just then industry but the whole U.S. economy. When the real estate market crashed, analysts have all but tried to come up with solutions to revive the housing market. With the recent mess of foreclosure paperwork, reviving the market is not the biggest concern for everyone Read full article »
All Hope Is Not Lost: Foreclosure Freezing Might Lead To Solutions
The Obama administration says the foreclosure freezing is not going to help the housing market in finding the path to recovery. And people have a reason to be worried: the mess has already tipped the bank balance sheets and created chaos in the housing market. Some real estate analysts contend that all hope may not be lost: the pause in Read full article »
Rescued Chilean Miners Come Home To Hero’s Welcome
All the major news network featured it and hundreds of millions of people watched it: six rescuers going down an escape shaft to help get out the 33 Chilean miners trapped underground. The miners have been trapped for two months and the rescue operation took 24 hours. It was an amazing thing to watch and it turned the miners into Read full article »
Homeowners Are Turning Into Renters In South Florida
It seems to be a trend, no thanks to the housing market crash and the recent foreclosure stoppage in most states: former homeowners are turning into renters. And South Florida is following in the trend. The area’s Boward and Palm Beach counties have been seeing fewer empty rental apartments and higher rental rates year after year. The flurry of Read full article »
category: Featured, Multi Family
Foreclosures May Continue But Banks Should Fix Documents, Says FHFA
Lawmakers and consumer groups are outraged by the new policy statement written by the Federal Housing Finance Agency (FHFA) regarding the recent mess on foreclosure proceedings. If they had this violent reaction, what more the thousands of homeowners who are facing foreclosures? Perhaps going with the Obama administration’s stand that a foreclosure moratorium in all 50 states is damaging to the Read full article »
How Is The Commercial Real Estate Faring? Major Indexes Differ.
Statistics are supposedly black and white, but not when it comes to the real estate market. It has always been hard determining the turning points in the real estate market. Now, it has become especially hard since two influential research firms are presenting very different views of the real estate market. Newport Beach, California firm Green Street Advisors, which closely tracks Read full article »
The Gravity Of The Foreclosure Fraud
So we all know that banks have admitted to robo-signing, a process whereby employees sign foreclosure cases without verifying the veracity of the documents. We also know that banks have tried controlling the negative effects by freezing foreclosure sales in most states (and even all for a number of banks). But what we don’t know is that the issue at Read full article »
tags: foreclosure fraud, mortgage fraud
Title Companies Tied Up, No Thanks To Foreclosure Freezing
Banks have recently frozen all foreclosure proceedings to protect homeowners from the robo signing process, which is the process of signing foreclosure documents without checking their veracity. But the recent flurry of mortgage fraud accusations is not only hurting homeowners, but the title companies as well. And title companies are now implementing rules that aim at protecting themselves. Title companies are Read full article »
Mortgage Program Overhaul For TD Bank
The Canadian housing market may be cooling down and property values are rising but this does not mean that people are lining up the banks to get a mortgage on their homes. In fact, because of the stiff competition to get new business, banks are coming up with different strategies and gimmicks to lure in customers. TD Bank, for one, Read full article »
tags: home loans, mortgage
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