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Flash Mobs Battle Foreclosures in Spain Thursday, July 14, 2011 @ 6:01AMSpain has become a battleground between banks hurt by residential mortgage arrears and debt-laden homeowners appealing to the government to reduce the burden on those facing foreclosure
Banks Easing Terms or Debt on Some Option ARM Loans Saturday, July 2, 2011 @ 4:29AMTwo of the nation’s biggest lenders are quietly modifying loans for tens of thousands of borrowers who have not asked for help but whom the banks deem to be at special risk.
Home prices increase in U.S. in May, but fall year-over-year locally and nationally Thursday, June 30, 2011 @ 3:02PMEven as home prices nationwide climbed in May for the second straight month, but continued to fall year-over-year, as did Jacksonville area home prices.
Real Estate Wonk: 3 measures that matter for a housing market's health Wednesday, June 22, 2011 @ 9:32AMFirst, jobs. Second, the price of homes vs. the cost to rent. Third, foreclosures. Makes sense. If the local economy isn't growing, you won't have a growing number of people able to buy.
Full-timer: Kluge working while filing bankruptcy Tuesday, June 21, 2011 @ 2:11PMPatricia Kluge may have literally put everything she owned into trying to save the winery she created. After months of foreclosures on her businesses and homes, the now Trump-employed vintner and husband Bill Moses have sought bankruptcy protection. On June 15, the couple filed a Chapter 7 petition seeking relief from creditors including Farm Credit , Bank of America, and Sonabank , which had ...
Tulsa foreclosure rate falls, but now ranks 20th in U.S. Thursday, June 16, 2011 @ 4:47AMTulsa-area home repossessions are still well below last year thanks to a flat May, according to a new report.
Through NINA, a Refinancing Nightmare in Brooklyn Sunday, June 12, 2011 @ 9:17PMAn immigrant couple with a home in Brooklyn has struggled under the terms of a No Income, No Assets loan typical of many made in recent years.
Real estate market is picking up Saturday, June 4, 2011 @ 7:04AMThe month of May saw five real-estate sales in excess of $10 million in Pitkin County, crowned by the purchase of an Owl Creek Ranch subdivision property for $20.5 million.
Homes, Townhomes, Lots Among Properties Included in Auctions of Bank-Owned Real Estate in North Carolina Tuesday, May 31, 2011 @ 9:05AMROCKINGHAM, NC--(Marketwire - May 31, 2011) - Homes, luxury townhomes, subdivision lots and land will sell in a series of auctions of bank-owned properties to be held in Maggie Valley, Weaverville, Banner Elk and Morganton, with Iron Horse Auction Company managing the sale.
Census: Last decade had a boom in housing vacancies Tuesday, May 31, 2011 @ 8:47AMGrowth in available housing in Skagit County over the past decade has far outpaced demand, leaving the county with 55 percent more vacancies than it had 10 years ago, according to the U.S. Census Bureau.…
Integrity Real Estate of Austin, MN, Launches Real Estate Website Tuesday, May 31, 2011 @ 5:15AMIntegrity Real Estate Has Launched A New Website Focusing On "Real Estate Services" Including Home Purchasing And Home Selling. (PRWeb May 31, 2011) Read the full story at http://www.prweb.com/releases/2011/5/prweb8500156.htm
Bank of Choice and Signature move toward recapitalization Monday, May 30, 2011 @ 9:19PMOfficials with two of the area’s most troubled banks are optimistic that capital levels recently ordered by the Federal Deposit Insurance Corp. will soon be attained.
KBS, Other Lenders See Loans Defaulted Sunday, May 29, 2011 @ 2:09AMA loan made by an affiliate of KBS Realty Advisors is behind on payments
Hoteliers persevere in aftermath of Bray & Gillespie collapse Sunday, May 29, 2011 @ 12:38AMBack in the boom days for Daytona Beach area tourism and beachfront real estate, from 2003 to 2007, you could barely drive a block along the beach without passing an Ocean Waters hotel.
Valley firms stay afloat cleaning foreclosures Saturday, May 28, 2011 @ 11:49PMBill Johnson and his son, Randy, have seen it all when cleaning out foreclosed houses in the Valley -- animal and human feces, dogs trying to chew their way out of a house, garden hoses dragged inside to use as a source of water.
Sales of Previously Owned U.S. Homes Probably Rose on Distressed Purchases Wednesday, May 18, 2011 @ 11:21PMSales of previously owned U.S. homes probably rose for a second month in April as investors used cash to buy distressed properties, a reminder real-estate is struggling to gain traction almost two years into the recovery, economists said before a report today.
Home Prices Take A Dive Wednesday, April 27, 2011 @ 4:21AMWASHINGTON - Residential real estate prices in the U.S. dropped in February by the most in more than a year, a sign the housing market is struggling to stabilize. The S&P /Case-Shiller index of property values in 20 cities fell 3.3 percent from February
National business briefs for April 27 Tuesday, April 26, 2011 @ 11:15PMBernanke will begin news conferences today
HOUSING: Local home prices, sales fell in February Tuesday, April 26, 2011 @ 8:42PMThe median house price in Southwest Riverside County slipped to $200,500 in February, as sales fell to three-year low, according to data from the Riverside County Assessor's office.
Fannie Mae deal to help restore bank-owned homes Tuesday, April 26, 2011 @ 10:47AMA nonprofit corporation working to address the regional crisis says a new agreement with Fannie Mae will help purge the abundant supply of bank-owned homes in the High Desert.The major lender recently approved a "pool" buyer status offering discounted rates for the Inland Empire...
Wealthy Leaving Las Vegas Mansions as Foreclosures Spreading Tuesday, April 26, 2011 @ 9:44AMNicolas Cage, the Oscar-winning star of “Leaving Las Vegas,” bought a seven-bedroom home with a panoramic view of the city’s casino-lined Strip in 2006 for $8.5 million. By January 2010, it was in foreclosure.
Foreclosure Water Torture Wednesday, April 20, 2011 @ 8:16AMHome prices peaked five years ago, but a mountain of foreclosures still looms.
Home building rises, foreclosures a threat Wednesday, April 20, 2011 @ 4:52AMWASHINGTON (Reuters) - U.S. home building and permits for future construction rebounded strongly last month from February's weather-depressed levels, but a glut of housing on the market will make further gains difficult.
Home sales in Shasta County jump in March Wednesday, April 20, 2011 @ 1:06AMDeclining home values — thanks to foreclosures and short sales — and perhaps some balmy weather in January, helped jump-start sales in Shasta County in March.
The robo-signing crisis is blamed for stalled foreclosures, but law firms' woes may keep pace slow Thursday, April 14, 2011 @ 5:01AMThe robo-signing crisis is blamed for stalled foreclosures, but law firms' woes may keep pace slow
Florida Man on Edge Foreclosure Gets Home Miraculously Wednesday, April 13, 2011 @ 11:14AMIn the thickening list of foreclosures in the whole country, a lot of people have been in deep trouble on barely paying their mortgages to avoid foreclosure. As for most Floridians, Perry Laspina was also in the middle of foreclosure with the possibility of losing the home he owned.
Foreclosures accounted for 43 percent of Twin Cities home sales in March Tuesday, April 12, 2011 @ 9:42PMMarch was a bad month for home sales in the Twin Cities housing market, unless you're talking about foreclosures. Sales of homes in foreclosure spiked last month compared to the year before. And investors paying cash are driving a lot of those transactions.
Nevada Foreclosure Sales Rise Sharply In March Tuesday, April 12, 2011 @ 1:50PMNevada foreclosure sales jumped sharply in March, rising 109.5 percent from February on a daily average basis, Discovery Bay, Calif.-based ForeclosureRadar.com reported Tuesday. Notice of default filings rose 9.7 percent from February overall, but decreased
Distressed properties keep Maui prices low Tuesday, April 12, 2011 @ 1:47PMA glut of distressed properties, both from foreclosures and short sales, continued to weigh down Maui real estate prices in the first quarter of this year, real estate experts said Monday.
D.C. area's home prices keep climbing Saturday, April 9, 2011 @ 7:20PMLiz Farmer Examiner Staff Writer Follow Her @LizFarmerDC Region remains atop U.S. real estate market The region's home prices in 2011 picked up from where they left off last year, retaining Washington's place during the first quarter as one of the strongest real estate markets in the country while markets in the West double-dipped and the rest of the country remained flat. Home ...
A look at economic developments around the globe Thursday, March 31, 2011 @ 2:38PMDUBLIN _ Ireland's ailing banks need another 24 billion euros ($34 billion) in cash, officials said.
A look at economic developments around the globe Thursday, March 31, 2011 @ 2:29PMA look at economic developments and activity in major stock markets around the world Thursday: ------ DUBLIN -- Ireland's ailing banks need another 24 billion euros in cash, officials said.
Hawthorn Bancshares Reports 2010 Financial Results Wednesday, March 30, 2011 @ 9:29AMLEE'S SUMMIT, Mo.--(BUSINESS WIRE)--Hawthorn Bancshares Inc. (NASDAQ: HWBK), today reported financial results for the Company, and its main operating subsidiary, Hawthorn Bank, for the year ended December 31, 2010. The Company reported a net loss per diluted common share of $1.24 for the year ended December 31, 2010 compared to positive earnings per common share of $0.66 for 2009. Income ...
Hawthorn Bancshares Reports 2010 Financial Results Wednesday, March 30, 2011 @ 9:20AMHawthorn Bancshares Inc. , today reported financial results for the Company, and its main operating subsidiary, Hawthorn Bank, for the year ended December 31, 2010.
Home-values news dampens hopes for stemming foreclosures Wednesday, March 30, 2011 @ 2:39AMA report that home values plummeted in January in several metropolitan areas threatened to push more homeowners into distress, even as efforts continued to dismantle both successful and poorly performing programs aimed at reducing record U.S. foreclosure rates.
Looking at Case-Schiller Through Howard Hughes' Eyes... Tuesday, March 29, 2011 @ 11:25AMBy Todd Sullivan. Today's Case-Schiller came out and it looked bad (did anyone expect it to look good?). Seeing that we are getting positive on RRE (we turned positive on CRE in 2009) lets look into the numbers to see how they may affect some of out holdings. Howard Hughes own Master planned communities in Las Vegas, Maryland, Houston Read more » »
The U.S. Banking System Needs Additional Deleveraging Monday, March 28, 2011 @ 12:29PMAccording to ValuTrader's Richard Suttmeire, the banking system remains over-leveraged. Here's why.
Vacant homes in South Florida nearly double over past 10 years Monday, March 28, 2011 @ 11:51AMBroward had 124,341 vacant homes last year, up 44 percent from 2000, according to U.S. Census figures released this month. (Sun Sentinel.com, file) The number of vacant homes in Broward and Palm Beach counties nearly doubled during the past decade, as the devastating housing collapse led to record foreclosures.
Vacant homes in South Florida nearly double Monday, March 28, 2011 @ 11:48AMThe number of vacant homes in Broward and Palm Beach counties nearly doubled during the past decade, as the devastating housing collapse led to record foreclosures.
Tenders keep homes for sale cozy, ready to show Monday, March 21, 2011 @ 8:05AMAs if it weren’t hard enough to sell a home in Clark County, empty houses are even more difficult to showcase. Cold and dark dwellings without any furnishings are a turn off to buyers, said Karyn Slanina, co-owner of a Vancouver business aimed at solving the problem. Called Professional Property Tenders LLC, the company signs contracts with occupants who will live in vacant homes that are listed ...
Daily Pfennig: Another Place Setting at the Rate Hike Table... Monday, March 21, 2011 @ 7:56AMIn This Issue... And, Now, Today's Pfennig For Your Thoughts! Another place setting at the rate hike table... Good day...and welcome to the first full day of spring. While December doesn't seem that long ago, it sure felt like this was the longest winter ever.
Anonymous Leaks Allegedly Expose Bank of America Fraud Tuesday, March 15, 2011 @ 5:54PMIt hits the fan on bankofamericasuck as leaked damning documents allegedly prove that Bank of America engaged in mortgage fraud and corruption.
Foreclosure slowdown continues Thursday, March 10, 2011 @ 3:35PMRobo-signing fallout, not market conditions, blamed drop
U.S. household wealth climbs by US$2.1T Thursday, March 10, 2011 @ 12:55PMHousehold wealth in the U.S. climbed by US$2.1-trillion in the fourth quarter of 2010 as share prices rose and families rebuilt finances tattered by the recession
Household Worth in U.S. Rises by $2.1 Trillion, Fed Says Thursday, March 10, 2011 @ 12:16PMHousehold wealth in the U.S. climbed by $2.1 trillion in the fourth quarter of 2010 as share prices rose and families rebuilt finances tattered by the recession.
C.A.R. Places Open Letter Ad in Top California Newspapers, Calls for Short Sale Reform Thursday, March 10, 2011 @ 8:14AMLOS ANGELES--(BUSINESS WIRE)--Open letter ad in California newspapers highlights short sale issues; calls for industry reform
C.A.R. Places Open Letter Ad in Top California Newspapers, Calls for Short Sale Reform Thursday, March 10, 2011 @ 8:00AMIn an effort to bring attention to the broken and ineffective short sale process and galvanize industry leaders to help resolve the issue, the CALIFORNIA ASSOCIATION OF REALTORS® today has placed an open letter advertisement in California’s seven largest daily newspapers, calling on lenders and industry regulators to streamline and improve the short sale process.
Builders' ads argue foreclosures aren't bargains Sunday, March 6, 2011 @ 12:12PMHomebuilders trying to fight off customers' attraction to cheap foreclosures are doing more to show buyers that the good deals can come with pitfalls.
Your housing market: Midtown is center of it all Saturday, March 5, 2011 @ 11:23PMSavannah is a geographic enigma, a small city where you can get anywhere from everywhere, just not quickly. Unless, that is, you live in the residential areas flanking DeRenne Avenue in midtown. The centralized location and period-style homes have long made the neighborhoods commonly known as Abercorn Heights, Lamara Heights, Medical Arts, Kensington Park, Groveland, Oakdale and Fairway Oaks ...
New owners, new direction Saturday, March 5, 2011 @ 4:12PMNew owners, new direction