Perhaps one of the hardest decisions a person can make is whether or not to sell something of sentimental value when the proceeds will surely fill a big gap in budget deficits. This is may just be the dilemma that California is facing. The sale of an iconic property to a real estate firm will address California’s budget woes but Read full article »
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Banks Lift Foreclosures, Saying Foreclosure Mess Is Just A Technical Issue
It is something that’s been abuzz in the real estate world for quite some time now: major banks and mortgage lenders freezing foreclosure proceedings amidst talks of fraud and robo-signing. The delay in foreclosure is supposed to be used to review the policies and procedures behind foreclosure proceedings. Lifting on the foreclosed properties, banks now come to their defense and Read full article »
category: Featured, Residential
Partial Lifting Of Foreclosure Freeze Implemented By Bank Of America
A Capital Economist analyst wrote, "A double-dip in both housing activity and prices is underway. Prices are likely to fall for the next 12 months, while activity will remain weak for at least three years." And that’s enough to instill fear in most (if not all) Americans. This is probably why a foreclosure moratorium is feared to spur that said Read full article »
category: Featured, Residential
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Importance Of Mortgage Registry Under Fire With Current Foreclosure Crisis
There has been much talk about the recent foreclosure crisis that led to major banks – like Bank of America and JPMorgan Chase – to suspend on foreclosure sales and proceedings. One of the topics that arose in the recent foreclosure mess is the role of mortgage registry in tracking down who has the right to foreclose on homes. Recent Read full article »
category: Featured, Residential
Commercial Real Estate Is Now Ripe For Expansion
Perhaps with all the mess the housing industry is experiencing, the commercial real estate is benefiting. The commercial real estate sectors, though, has not yet fully recovered from the recession no thanks to the weak job growth but it is definitely on its way with sectors offering incentives that make the market ripe for expansion. This is according to the Read full article »
category: Commercial, Featured
Things Are Looking Good For The Commercial Real Estate Market In 2011
With the apartment industry starting to pick up on construction and rental prices slowly going up, it is apparent that the commercial real estate market is on its move to recovery. In 2011, things just might continue to perk up, according to a global professional services firm and a non-profit education and research institute. The PricewaterhouseCoopers (PwC) and Urban Land Institute Read full article »
The Root And Effects Of Foreclosure Freezing
Banks freezing foreclosure proceedings and sale to review their foreclosure proceedings is hardly news. The truth is, though, that not everybody knows where the issue really stemmed from and what foreclosure freezing could mean to the housing industry and the economy as a whole. The following will shed light to some commonly asked questions about the latest buzz on foreclosure Read full article »
tags: foreclosure, freezing
Apartment Construction Set To Start Again In North Texas
The trend nationwide is veering away from home ownership to rental. And developers all over the country are starting construction on apartment units again. Even North Texas, which experienced a virtual construction shutdown in the past year, is seeing a comeback in construction. The vacant corner of Fairmount and Carlisle streets had been standing a bit forlorn as developers knocked down Read full article »
HFF Announces $70.1M Sale Of The Courts At Fair Oaks
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 »
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