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Lowball Appraisals Spark Uproar
value lots as part of mortgage packages on new homes. Some of the comparables they use are in foreclosure situations, and that depresses land valuations. A young couple who paid $75,000 for their lot recently had it valued at just $30,000 by an
Shop Around for That Refinance, but Don't Delay
are negotiable, and you should ask each lender you contact to waive or at least reduce them. -- Title insurance. You do not need to buy an owner's title insurance policy, but the lender will require that you obtain lender's title insurance. Why? I asked
Finish Line Announces That It Has Closed the Man Alive Transaction
economic conditions including conditions resulting from the current turmoil in the financial services industry, depressed demand in the housing market and unemployment rates; management of growth, the outcome of litigation, and the other risks detailed
Survey Says Bigger Downpayments Prevent Foreclosures
team first wrote about the potential downside of lenders pushing riskier, 'option ARM' mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's
Using homestead laws to protect you from creditors
Senior Finance Consultant, Avatara Finance Group, San Francisco, Calif. Nationally syndicated columnist Lew Sichelman has been covering the housing market for more than 35 years. Because of the volume of mail he receives, he cannot answer individual
Life Science Complex Sells for $174M
Properties, LLC. All rights reserved. Reproduction in whole or in part without permission is prohibited. GlobeSt.com Commercial Real Estate News and Property Resource Privacy Policy| Terms of Service
Something Rotten In U.K. Businesses
region which included a Ponzi Internet scam that cost York residents $4.9 million, a $1.3 million mortgage fraud, and a single property fraud case worth $147 million. But Bevan was careful not to dismiss the figures as being skewed: 'Fraud tends to go
UPDATE 1-Recovery in UK services sector slows in June
quarter of the year and it remains to be seen whether negative equity withdrawal will continue if the housing market stabilises later this year,' said Philip Shaw, chief economist at Investec. Detailed PMI data are only available under licence from
Tilson Talks Mortgage Default
being underwater on a loan--and here's an interesting statistic for you: The average home that went into foreclosure last month in California had $412,000 of debt on it, and the home was only worth $250,000. Home prices are down in California about 57%
Recovery in UK services sector slows in June
quarter of the year and it remains to be seen whether negative equity withdrawal will continue if the housing market stabilises later this year,' said Philip Shaw, chief economist at Investec. Detailed PMI data are only available under licence from
$12M Snatches Up 90-Unit MF Portfolio
asking price, according to NAI Hunneman's website was $14 million. 'Even with a slowdown in the national housing market, the Arlington portfolio attracted more than expected bids and interest from potential buyers,' EVP Carl Christie of NAI Hunneman says
INSTANT VIEW 3-Eurozone June services PMI dips to 44.7
euro zone service sector remains under serious pressure from financial sector problems, weak consumer expenditure, limited business spending, housing market slowdowns in a number of countries (notably Spain and Ireland) and depressed activity in key
Money Men, Voice Software & Retail
345,000; unemployment 9.4% 06/05/2009 Gene Marcial's latest picks 06/04/2009 More stress for the U.S. housing market 06/04/2009 Questioning the Productivity Statistics 06/03/2009 Amazon, VMware, and More 06/03/2009 A decade of untold technological delay
Airport Hotel Auction Looms
cure its seeking. The 334-room hotel near International Airport is scheduled to be sold at a July 30 foreclosure auction that was initially planned for this week but was pushed back at the lenders request. While the 12-story hotel just south of
Mid-America Launches $250M Fund
to create value for Mid-Americas shareholders. More News More Southeast NewsSoutheast Page Atlanta Florida Florida Florida Friendly Foreclosure Filed for... Atlanta INDUSTRY QUICK LINKSGet Listed Mid-America, which will earn management and
Back to Work on Streets of Buckhead
track by then, he says. More Atlanta NewsAtlanta Page More Southeast NewsSoutheast Page Atlanta Florida Florida Florida Friendly Foreclosure Filed for... Atlanta INDUSTRY QUICK LINKSGet Listed Fashion boutique Hermes and high-end jeweler Van Cleef &
Apartment Demand Takes Positive Turn
who either owned condominiums or rented single-family homes, MPF states. As some of those units have gone into foreclosure, the firm speculates, residents missed the service they got from professionally managed apartment complexes. They have returned
Equitable Building Going Back on Market
Inc. are among the finalists. More Atlanta NewsAtlanta Page More Southeast NewsSoutheast Page Atlanta Florida Florida Florida Friendly Foreclosure Filed for... Atlanta INDUSTRY QUICK LINKSGet Listed The s recent $29.5-million sale to 100 Peachtree
UPDATE 1-Australia service sector activity expands in June
a very weak jobs report for June, due next week. The brighter outlook was driven by sharply lower mortgage rates and the Labor government's stimulus packages, including cash handouts, tax cuts and a grant for first-home buyers, which have boosted
The Bleak U.S. Jobs Picture
stalled, its importance, and what can be done to reverse this trend. Plus, the latest on the troubled housing market and Wal-Mart's (WMT) unusual alliance with a labor union. To go straight to our feature report with Michael Mandel, click here. To see
Phantom Homes
properties. Hagenbuckle found that between May 2008 and May 2009, there were a total of 3,734,711 foreclosure filings, and of those total filings, 26.4%, or 985,571, were REOs, These homes are otherwise hidden from view, while the rest are listed to the
Zacks Analyst Blog Highlights: Wells Fargo, Bank of America, Acorda Therapeutics, Biogen Idec...
free Profit from the Pros : Article are highlights from Wednesday's Analyst Blog: Mortgage Apps at 7-Month Low Mortgage rates, which had declined to record lows since the Fed started its massive mortgage-backed securities (MBS) purchase program, have
Fitch Rates Lucas County, Ohio's LTGO $90MM LTGO BANs 'F1+'
the valuation of tangible personal property, as well as flat AV growth for real property. In addition, the housing market continues to struggle with foreclosures, and real estate transfer taxes and fees continued to decline for the third consecutive year
Oil's record high, one year later
brokerage. But first, the high oil prices led to a curb in that demand. Then, weakness in the housing market and instability in the banking sector following the collapse of Lehman Brothers began to weigh on the world's economies -- particularly in the
Fitch Affirms Madera Unified School District, CA's GOs at 'A+' & COPs at 'A'; Outlook to Negative
the district's fund balance levels in the context of significant economic challenges. Weakness is evidenced by high foreclosure and unemployment rates. The 'A+' GO rating reflects the district's weakened but adequate financial position, continued
Fitch Affirms City of Kentwood, Michigan's LTGOs at 'AA'; Outlook Stable
but is partially offset by an increase in education and food and nutrition production employment. Pressures in the housing market have led to a slight decline in state equalized value (SEV) in the current fiscal year, but taxable assessed value (TAV)
Fitch Rates Casa Grande, Arizona's Series 2009 GOs 'AA-'; Upgrades Excise Tax Revs to 'AA-'
near-term deterioration of the local economy, which is marked by rising unemployment rates, above-average levels of subprime and foreclosure exposure, and part of the larger and notably affected Phoenix metro area that may further pressure city revenue
UPDATE 3-Moody's strips Ireland of its last AAA credit rating
binge transformed the former 'Celtic Tiger' economy into one of the industrialised world's worst performers when the housing market crashed. Moody's said the government's corrective actions and low debt levels before its economic meltdown meant that only
UPDATE 2-US mortgage rates fall in Freddie Mac survey
NEW YORK, July 2 (Reuters) - U.S. mortgage rates dropped in the latest week, a move that bodes well for the hard-hit U.S. housing market, which has been showing signs of a recovery. Interest rates on U
STOCKS NEWS US-Carnival offers London-listed shares, stock falls
0.10 percentage point in the latest week, a move that bodes well for the hard-hit U.S. housing market, according to a survey released on Thursday by home funding company Freddie Mac. Interest rates on the 30-year fixed-rate mortgage averaged 5.32
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