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Government Property Tax Foreclosures News

Board of Finance briefs Saturday, September 4, 2010 @ 9:13AMThe following are briefs from the Board of Finance meeting on Monday, Aug. 30. The Board of Finance is continuing its work on drafting an investment policy to guide the town.
Letters to the Editor: Sept. 4, 2010 Friday, September 3, 2010 @ 2:01PMHere are letters to the editor from recent editions of the Daily News.
Georgia Gubernatorial Race Pits Ethics Against Bad Ideas Thursday, September 2, 2010 @ 10:17AMOverview of Deal vs. Barnes for Georgia Governor Contributor: David W. Thornton Published: Aug 17, 2010
A new real estate algorithm: Cut your loses Friday, August 27, 2010 @ 2:55AMWhen it comes to mortgage payments, conventional wisdom says there's a simple algorithm about cash flow: If you don't have enough, your home is in real danger. And if you owe more than your home is worth - known as "being underwater" - you're out of luck.
U.S. Foreclosures Fall, but Delinquencies Rise Thursday, August 26, 2010 @ 9:50AMThe percentage of loans in the foreclosure process declined last quarter to 4.57 percent from 4.63 percent in the first quarter, a banking group said.
Foreclosures fall but new delinquencies up: MBA Thursday, August 26, 2010 @ 9:27AMNEW YORK (Reuters) - The number of U.S. homes headed for foreclosure fell during the second quarter, marking the first such drop since the housing slump began in 2006, but the improvement may be fleeting as the number of newly delinquent homeowners rose, a banking group said on Wednesday.
Foreclosures fall but new delinquencies rise: MBA Thursday, August 26, 2010 @ 9:08AMThe number of U.S. homes headed for foreclosure fell in the second quarter for the first time since the housing slump began in 2006, but improvements may be fleeting as the number of newly delinquent homeowners rose, a banking group said on Wednesday.
Foreclosures fall but new delinquencies rise: MBA Thursday, August 26, 2010 @ 9:08AMBy Al Yoon
New CoreLogic® Data Shows Second Consecutive Quarterly Decline in Negative Equity Thursday, August 26, 2010 @ 9:00AMCoreLogic , a leading provider of consumer, financial and property information and business services, today released negative equity data showing a second consecutive quarterly decline in national negative equity rates. Â CoreLogic reports that 11 million, or 23 percent, of all residential properties with mortgages were in negative equity at the end of the second quarter of 2010, down from 11.2 ...
Sales of New Homes Drops to Record Low Wednesday, August 25, 2010 @ 9:44AMSales of U.S. new homes unexpectedly dropped in July to the lowest level on record, signaling that even with cheaper prices and reduced borrowing costs the housing market is retreating.
New home sales fell to record low Wednesday, August 25, 2010 @ 9:23AMPurchases fell 12%; median price $204,000.
The Not-So-Bright Spot in the Gloomy Housing Report Tuesday, August 24, 2010 @ 5:58PMNo more need to wait for the double dip in housing. It appears to be here
The Beat: Weekly news roundup Sunday, August 22, 2010 @ 11:42AMIn economic news, regional outlets continued to offer conflicting coverage of whether or not things are on the rebound. BlueRidgeNow reported that “Henderson County home values worrying officials.” According to the article, a decline in home values over the past two years could mean less property tax money for Henderson County unless the tax rate is adjusted. “Property is not only selling for ...
Do the right thing! Elect James Keys District 6 Supervisor Sunday, August 22, 2010 @ 2:57AMDistrict 6 Supervisor Chris Daly, champion of the have-nots in San Francisco for a decade, has passed the torch and endorsed James Keys, his longtime legislative assistant and campaign coordinator, to be his successor. “James was by my side through my toughest battles,” Daly said.
Decline in local property values leads to leaner government budgets Friday, August 20, 2010 @ 9:31AMEscalating property values used to drive Hidalgo County’s governmental budgets skyward. But for budget officers across the region, the past two years must have felt like a sharp plummet back toward Earth. Property values across Hidalgo County...
New-Home Construction Rises in July Tuesday, August 17, 2010 @ 8:14AMConstruction of new homes rises 1.7% in July to an annual rate of 546,000 units, missing expectations.
Three seeking party nod for Manatee County Commission Monday, August 16, 2010 @ 11:00PMCounty Commission District 4, which spans from Tallevast to Sarasota Bay, includes several
Louisville developers struggle as banks come calling Monday, August 16, 2010 @ 9:04AMSome of Louisville's best known real estate developers — people behind projects ranging from the downtown Marriott to the Polo Fields near Eastwood — are facing millions of dollars in foreclosure lawsuits and are behind on property tax bills, according to a Courier-Journal review of court records.
Vacant homes hurting Ohio towns, Ottawa County Monday, August 16, 2010 @ 8:00AMVacant housing is a mounting problem for Port Clinton and other local governments in Ohio, and increasingly small and mid-sized cities are being dragged down by crumbling, unkempt housing.
Fresno realty agents hit streets to tout mortgage aid Friday, August 13, 2010 @ 1:08AMFresno real estate agents are walking door to door to educate distressed homeowners about a little-known federal program that can pay them thousands of dollars -- and avoid foreclosure.
U.S. housing market to skirt another big downturn Thursday, August 12, 2010 @ 9:22AMThe U.S. housing market should skirt another major downturn even though stubbornly high unemployment and foreclosures will curb demand and keep home prices mostly flat through 2011 a Reuters poll showed.
VIDEO/TRANSCRIPT: One on One ... Lee leads nation in bad news, says county property appraiser Thursday, August 12, 2010 @ 5:00AMOn the heels of the residential downturn, commercial real estate looms as the next big loss leader. So says Lee County Property Appraiser Ken Wilkinson, this week’s guest on "One on One with Jeff Lytle.’’
Construction Spending in U.S. Unexpectedly Increased in June Monday, August 2, 2010 @ 9:35AMConstruction spending in the U.S. unexpectedly increased in June, boosted by gain in government programs that made up for declines in private residential and commercial projects.
Budget: Bad to worse Saturday, July 31, 2010 @ 11:23PMLAND O' LAKES - Could a bad budget situation get worse? Pasco County school district officials say the answer most likely is "yes."
Tax digest falls, but rates hold Friday, July 30, 2010 @ 11:04PMMARIETTA - "Unprecedented." That's the word the county's chief tax appraiser, Phil Hogsed, uses in describing the countywide gross tax digest, which declined by 6.9 percent over the year before. ...
Lee County, cities make most of housing program Thursday, July 29, 2010 @ 1:36AMFederal tax dollars have saved about 185 local foreclosed properties from descending into disrepair.
Kindergarten Double Dip Economics Wednesday, July 28, 2010 @ 9:14PMDouble Dip used to pertain to ice cream cones, but now to dreaded return to economic recession. Green Shoots used to refer to gardening projects, then to deceptive economic viewpoints. My favorite is the second half recovery mantra, indicative of totally clueless.
Four Republicans seek nod for 7th State Senate Wednesday, July 28, 2010 @ 6:29PMFour Republicans and one Democrat are vying to represent Michigan's 7th Senate District.
Fitch Rates South San Antonio ISD, TX's $58MM ULT Bonds 'AAA' PSF Wednesday, July 28, 2010 @ 3:36PMAUSTIN, Texas----Fitch rates the following South San Antonio Independent School District , Texas' unlimited tax bonds 'AAA' based on a guarantee provided by the Texas Permanent School Fund , whose Insurer Financial Strength is rated 'AAA' by Fitch:
Algonac voters will cut three candidates next Tuesday Wednesday, July 28, 2010 @ 2:24PMNine are seeking six ballot spots for three four-year terms on the Algonac City Council that will be decided by voters in November. The election is a non-partisan race. Candidates include Charles Bayly, Irene Bird, William Michael Jacobs, Robert Mitchell, Michael Musto, B. Joseph Nugent, Mark Thompson, Patricia Dare Welch, and James Wisdom. In June The Voice sent requests for biographical ...
Big rise in home prices - demand weakening Wednesday, July 28, 2010 @ 7:37AMHome prices in 20 cities rose in May from a year earlier more than forecast as a government tax credit temporarily underpinned sales. The S&P/Case-Shiller index of property values increased 4.6 percent from May 2009, the biggest year-over-year gain since... Real estate pricing - Tax credit - Government - Business - United States
BOK Financial Reports Record Quarterly Earnings of $64 Million Wednesday, July 28, 2010 @ 7:00AMTULSA, Okla.----BOK Financial Corporation reported net income for the second quarter of 2010 of $63.5 million or $0.93 per diluted share, up from $60.1 million or $0.88 per diluted share in the first quarter of 2010 and $52.1 million or $0.77 per diluted share for the second quarter of 2009.
Official owes $21G tax bill Wednesday, July 28, 2010 @ 12:22AMCounty Legislator Wanda Willingham owes more than $21,000 in back taxes on her Van Rensselaer Boulevard home that is on track for foreclosure, according to county documents. The house with a two-car garage has a full market assessed value of $177,000, according to the city's 2010 assessment roll. Owners of the properties listed in the legal ad were notified by the county finance office that ...
Big rise in home prices - demand weakening Wednesday, July 28, 2010 @ 12:06AMHome prices in 20 cities rose in May from a year earlier more than forecast as a government tax credit temporarily underpinned sales. The S&P/Case-Shiller index of property values increased 4.6 percent from May 2009, the biggest year-over-year gain since... Tax credit - Real estate pricing - Government - Business - United States
Banks Charge Taxpayers Millions as U.S. States Raise Cash to Cure Deficits Tuesday, July 27, 2010 @ 12:31AMBank of America Corp., owner of the most-active subprime lender, Countrywide Financial Corp., earned $2.9 million in interest and fees for a line of credit Arizona used through June to balance a budget undermined by the housing- market collapse.
Leaner county board means incumbents go head-to-head Thursday, July 22, 2010 @ 12:38PMDemocratic commissioners Duzyj, Moceri often at odds with each other
Opportunity calls Thursday, July 22, 2010 @ 6:07AMThe open 8th District Oakland County Commission seat is bringing an unprecedented number of write-in candidates to the primary race, vying for the Republican nod. The Aug. 3 primary will determine who faces Democratic candidate Michele Berry of Wixom in November for the seat vacated when Jeff Potter, R-South Lyon, died June 21. The 8th District includes Walled Lake, Wixom, Lyon Township, South ...
Leaner county board means incumbents go head-to-head Thursday, July 22, 2010 @ 5:11AMIn a Macomb County campaign year mired by mudslinging, most county commissioners are quietly seeking re-election despite a historical change in government that pits incumbents against one another.
Fitch Affirms El Paso de Robles, California's GO Bonds at 'AA'; Outlook Stable Wednesday, July 14, 2010 @ 4:19PMNEW YORK----Fitch Ratings affirms the following ratings on the city of El Paso de Robles, California's obligations as part of its continuous surveillance effort:
Home Sellers Slashing Prices, While Banks Mow the Lawn Wednesday, July 14, 2010 @ 11:38AMThat heady buzz from the home buyer tax credit is now turning into a grinding headache, as home sellers realize their very temporary, government-induced catbird seat has now fallen back to earth.
Housing investment risk 'as low as you'll ever see' Monday, July 12, 2010 @ 3:00AMJohn Burns, the Irvine real estate consultant, has been pretty circumspect about the outlook for housing … so we were surprised to see this bullish comment in his latest note to clients: In March 2008, we rolled out an educational video on housing...
Fitch Rates Arlington County, Virginia GOs 'AAA'; Outlook Stable Wednesday, June 30, 2010 @ 3:58PMNEW YORK----Fitch Ratings assigns an 'AAA' rating to the following Arlington County, Virginia general obligation bonds :
Fitch Rates Spotsylvania County, Virginia's $17.3MM GOs 'AA' Tuesday, June 29, 2010 @ 3:01PMNEW YORK----Fitch Ratings assigns an 'AA' rating to the following Spotsylvania County, Virginia general obligation bonds:
National index: Home prices rise 0.8 pct. in April from March Tuesday, June 29, 2010 @ 9:46AMNew York home prices drop according to 20-city index NEW YORK (AP) — Home prices in April rose for the first time in seven months as government tax credits bolstered the housing market. But the rebound may be short-lived now that the incentives have expired.
Brent Batten: Which comes first for Jackson Lab, the cash or the commitments? Wednesday, June 23, 2010 @ 2:33PMThe most persuasive argument the lab and the local economic development community could provide to convince county commissioners and their recession-weary constituents that Jackson Lab will produce benefits in excess of the $130 million in local tax dollars they’re seeking would be a roster of businesses and institutions that would follow.
Elkhart County numbers look good Wednesday, June 23, 2010 @ 8:47AMWASHINGTON — Sales of previously occupied homes were down in May nationwide, but Elkhart County sales are continuing to bounce back from awful lows the past two years.
Housing market dips as federal tax credit expires Wednesday, June 23, 2010 @ 8:10AMJustin Sullivan/Getty ImagesA "sale pending" sign is displayed in front of a home for sale May 24, 2010 in San Rafael, California. Sales of previously owned U.S. homes unexpectedly fell in May as demand began to slip even before a...
Despite budget cuts, some school officials expect car allowances Wednesday, June 23, 2010 @ 12:00AMDoor to door, Harper College President Kenneth Ender's commute to work from his Inverness home is 2.75 miles. But Ender's monthly car allowance - $1,000 - is just enough to make a round trip from home to Harper to Harvard University in Cambridge, Mass., and back once a month, based on federal employees' mileage reimbursement rate of 50 cents per mile.
Tax incentives drive May surge in home sales Tuesday, June 22, 2010 @ 5:34PMThe Springfield area saw a 29 percent increase in home sales in May, making last month the third-best May on record. That’s usually is no reason for caution.
NewsWatch: Home sales increase; report cites stabilization' Friday, June 11, 2010 @ 3:52AMReal estate information company Metropolitan Regional Information Systems of Rockville reported that the number of homes sold in the Mid-Atlantic region increased by 7 percent in May compared to April.