The city of Ripon created an escrow account through money borrowed from tax incremental finance district (TID) No. 11. And now the money, which was given in loans and grants to fund the Boca Grande Capital work downtown, has – almost – vanished. In more than 10 months, the escrow account has been created and a developer’s agreement has been signed. Read full article »
Archives for Legal
Beware Of Internet Scams On Apartment Rentals
There’s nothing more frustrating than being on vacation mode only to find out that the apartment you rented out over the Internet and paid for in advanced was not reserved to your name because it was part of a scam to milk you of your money. And there are a lot of these scams out there on the Internet nowadays. A Read full article »
Three Twin Cities Structures Default On Their Loans, Face Imminent Foreclosures
Three popular structures in the Twin Cities have defaulted on their loans as later reports indicated that owners of the three properties, the Minnesota Center, One Financial Plaza and the Hotel Sofitel, were currently engaged in negotiations to restructure the loans totaling to $88 million. Industry experts said that the latest defaults were among the biggest incidence of non-payments that Read full article »
San Francisco Home Sales Suffer Three-fold Retreats As Experts Predict Of Looming Double Dip In Prices
A San Diego-based real estate firm released a report last week showing that home sales in the Bay Area suffered a slide of 23 percent last month following the withdrawal of the federal home buyer tax credit that experts said further dampened the enthusiasm of prospective buyers. In spite of the prevailing low interest rates, MDA DataQuick analyst Andrew LePage said Read full article »
As Foreclosure Continues Haunting Homeowners, Lenders And Agents Extend Helping Hand To Deal With The Problem
The nationwide housing crisis has spawned alternative ways to combat imminent foreclosures and many lenders were slowly cooperating with troubled homeowners in implementing loan modifications or short sales rather than both parties having to deal squarely with the horrors of painful property repossession. Long Realty’s Ken Ryan said that short sales have become so eminent in the industry that property agents Read full article »
Kenny Rushing Discovers New Property Niche, Bulk REO Deals Hold Rich Promises To Deliver The Goods
Like Kenny Rushing, more investors are gradually dipping their fingers on bulk REO deals, silently discovering that the freshly-carved niche of the property industry is a potential rich source of financial windfall. At present, most real estate agents, brokers and investors regard the bulk dealings of real estate owned properties as naturally risky but REO expert Kenny Rushing explained that such Read full article »
category: Celebrities, Commercial, Featured, Finance, Headline News, Legal, Multi Family, Residential, Street Talk
Rape Suspect Maintains Innocence On 7-Year-Old’s New Jersey Molestation Case
Gregory Leary vehemently maintained his innocence and swore that he was not a party on the alleged gang-raping of a 7-year old girl during that fateful party in a vacant Rowan Towers apartment unit last March 28. Leary was interviewed by the Associated Press in Mercer County Correctional Center, which has been his home when authorities arrested him in April. Police Read full article »
Fannie And Freddie Resolution Talks Underscore Nation’s Housing Market Dilemma
Government officials and finance executives are set to meet on Tuesday to possibly discuss the resolution of the nation’s housing market industry, which alarmingly emitted signals of reverting to its troubled state two years ago. Many would recall that in 2008, Fannie Mae and Freddie Mac became household names not because they facilitated the acquisition of volumes of American homes but Read full article »
Lockport City Government Invites Property Hunters To Its Foreclosure Auction
The City of Lockport announced over the weekend that it will be holding its yearly tax-foreclosed properties auction next week and being served on the platter are a bevy of residential units plus some repossessed commercial buildings and two undeveloped residential lots. City treasurer Michael White said that some 23 residential units would be the target for sale by foreclosed properties Read full article »
tags: real estate, tax sale
Bank Of America Faces Third Case Of Foreclosure Blooper As Another Home Was Seized
A Massachusetts couple is hailing the Bank of America to court for wrongfully seizing their fully-paid retirement house in Springville, Florida, which is the third time within the past four months that the bank had committed a faux pas in foreclosing alleged ‘repossessed’ properties. Construction worker Charlie Cordoso recalled that he and his wife, Maria, acquired the house in 2005 and Read full article »
This is box left header
All you need to do is to visit your Custom Homepage Images tab and upload new images (you can crop them after uploading) and enter text and links to replace this text.
This is box center header
All you need to do is to visit your Custom Homepage Images tab and upload new images (you can crop them after uploading) and enter text and links to replace this text.
This is box right header
All you need to do is to visit your Custom Homepage Images tab and upload new images (you can crop them after uploading) and enter text and links to replace this text.