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NASB Financial posts $24.5 million loss Tuesday, July 19, 2011 @ 5:40PMNASB Financial Inc., which owns Grandview-based North American Savings Bank, said it lost $24.5 million, or $3.11 a share, during the first three months of this year. The loss stemmed from $38.8 million the company set aside to cover potential losses on restructured loans and $9.7 million it set aside for foreclosed properties. The loans were designated as troubled debt restructurings under an ...
Mortgage Fraudster Busted Again by Feds Tuesday, July 19, 2011 @ 4:57PMEric Farrington, the real estate kingpin found guilty of a multi-million dollar scheme, will be back in court again. The former motivational speaker was scheduled to report to federal prison in September but apparently he wasn't motivated to stay out of trouble.
Linkage: Foreclosures; Mario Buatta; New Decor for Spelling Manor; More! Tuesday, July 19, 2011 @ 4:29PMPhoto via Choices Blog · There's an app devoted to finding foreclosed properties. [RDB] · Spotlight on: Mario Buatta. [Kate Spade via Lonny Blog] · How to prepare your home for al fresco dining. [MyDeco] · Really pretty fluorescent...
Coakley urges abandoned property registry Tuesday, July 19, 2011 @ 2:54PMBOSTON - Noting the abundance of foreclosed or abandoned properties in Massachusetts accumulated over the past four years of the financial crisis, Attorney General Martha Coakley today urged a panel of lawmakers to create two new registries to track abandoned housing and secondary metals to discourage metal stripping and make it easy for law enforcement to track stolen property.
Business : US housing starts hit 6-month high Tuesday, July 19, 2011 @ 2:26PMWASHINGTON - US housing starts scaled a six-month high in June and permits for future construction unexpectedly increased, a government report showed on Tuesday, partly reflecting growing demand for rental apartments.
June housing starts at 6-month high, permits up Tuesday, July 19, 2011 @ 12:28PMWASHINGTON (Reuters) - Groundbreaking for homes scaled a six-month high in June, partly reflecting growing demand for rental apartments, a government report showed on Tuesday.
NEW HOPE: Collective slates a theater benefit Monday, July 18, 2011 @ 2:53AMNEW HOPE — A newly formed organization, the Delaware River Theater Collective, hopes to bring professional theater back to the New Hope and Lambertville area.
Roper St. Francis battles Trident center's expansion Sunday, July 17, 2011 @ 11:28PMRoper St. Francis Healthcare is fighting Trident Health System's proposed $26 million expansion of Summerville Medical Center.
Economic Time Machine: South Florida’s road to recovery Sunday, July 17, 2011 @ 9:34PMSome South Florida industries are racing ahead while others lag behind.
Historic brick storefronts to vacant rural land in county tax auction Sunday, July 17, 2011 @ 7:31PMPhotographs and maps of 79 properties on the July 21 auction list cover two walls outside the treasurer’s office in the basement of the courthouse. The images of houses ranging from dilapidated wrecks to several newer homes are also now available online at www.sri-taxsale.com/Lenawee .
Alabama's most expensive homes: Details and photos that will make you say 'wow' Sunday, July 17, 2011 @ 7:07AM15 BR, 16BA, 38-seat movie theater. Or maybe a home with a private planetarium? Take a peek at the good life. Lucky for you, some of these Alabama castles are for sale.
Modesto's SCAP realty deal appraisal stirs questions Sunday, July 17, 2011 @ 1:16AMQuestions are being raised over whether a Modesto nonprofit agency used taxpayer money to drastically overpay for an apartment complex that ended up needing major repairs. The city of Modesto financed the $1.5 million deal without first inspecting the property.
Departure from conservative origins doomed M&I Bank Saturday, July 16, 2011 @ 10:18PMThe Wisconsin bank went looking for growth in the Sun Belt and lost big when the housing market collapsed.
Neighbor says Michael O’Donnell’s Tremont Street property in Taunton is a theft hot spot Thursday, July 14, 2011 @ 11:17PMJamie Soares said he isn’t surprised real estate owner Michael O’Donnell this week reported to police that someone had trespassed on O’Donnell’s 115 Tremont St. property and ripped apart one of his vehicles parked there.
Neighbor says Michael O’Donnell’s Tremont Street property in Taunton is a theft hot spot Thursday, July 14, 2011 @ 11:17PMJamie Soares said he isn’t surprised real estate owner Michael O’Donnell this week reported to police that someone had trespassed on O’Donnell’s 115 Tremont St. property and ripped apart one of his vehicles parked there.
Freddie Mac offering incentives to buy foreclosed homes Thursday, July 14, 2011 @ 11:15PMFreddie Mac is offering up to 3.5 percent of closing costs for people who place an offer on a foreclosed home in the agency's HomeSteps program. The program features foreclosed homes from across the country.
Freddie Mac offering incentives to buy foreclosed homes Thursday, July 14, 2011 @ 11:15PMFreddie Mac is offering up to 3.5 percent of closing costs for people who place an offer on a foreclosed home in the agency's HomeSteps program. The program features foreclosed homes from across the country.
Foreclosure filings on the rise again in Southwest Florida Thursday, July 14, 2011 @ 8:31PMData could mean logjam from robo-signing crisis is ending
TOXIC ASSETS Thursday, July 14, 2011 @ 5:30PMMany Foreclosed Houses Are Infested by MoldNEW YORK-The next time someone tells you that capitalism is efficient, remember the mold houses.I used to be a banker. Some of my customers had trouble making their loan payments. We usually had recourse to some sort of collateral-often real estate. But my bank really didn't want to foreclose."We're bankers," my boss told me the first time this issue ...
Washington Federal's 3Q profit more than doubles Thursday, July 14, 2011 @ 5:25PMWashington Federal said Thursday that its third-quarter profit more than doubled from a year ago as its net interest income rose nearly 7 percent and losses on foreclosed real estate fell significantly.
VA Loans Make Many Foreclosed Homes Off-Limits Thursday, July 14, 2011 @ 5:18PMVeterans Affairs loans offer good deals to vets, but they come with strings attached: strict provisions that can make it hard to buy foreclosed properties. Now many vets complain that the rules prevent them from bidding on the best deals. read more
Distressed Homes Dominate California Sales Thursday, July 14, 2011 @ 4:18PMSAN DIEGO (DQNews) -- An estimated 38,975 new and resale houses and condos were sold across California last month, with distressed property sales making up more than half of resales. The overall sales volume was up 9.7% from 35,536 sales in May, and down 11.3% from 43,964 sales in June 2010, according to San Diego-based DataQuick. California sales for the month of June have varied from a low of ...
County Bankruptcy Filings Fall Slightly Thursday, July 14, 2011 @ 4:16PMThe total number of bankruptcies filed in Shelby County has slowly declined over the last two years.All chapters combined – Chapters 7, 11 and 13 – am...
Real Estate Matters: Have we hit bottom in Twin Cities housing market? Thursday, July 14, 2011 @ 3:39PMAccording to the Case-Shiller housing index, the Twin Cities housing market has been one of the worst performers in the nation for several months. Is this really true? What happened to our traditionally stable housing market? More important, what are our prospects for recovery?
Copper-theft epidemic grows Tuesday, July 12, 2011 @ 12:20AMJason Conley, an employee with ATM Recycling in Palm Bay, sorts through copper wiring and tubing. ATM, which has locations in Cocoa and Titusville, cooperates with law enforcement in preventing stolen copper and other metals from being brought in.
Problem Aurora motel site might become low-income housing Monday, July 11, 2011 @ 11:08PMCatholic Community Services wanted to turn the former site of the Fremont Inn – the first Aurora Avenue North motel that the city called a “chronic nuisance”– into a property for low-income, previously homeless people. Discussions with neighbors have been intense, and a Wednesday night meeting is planned at the Fremont Abbey to get the [...]
Housing contracts surge in June as market returns to normal Monday, July 11, 2011 @ 7:16PMLiz Farmer Examiner Staff Writer Follow Her @LizFarmerDC Pending home sales in the Washington area surged in June and this year's total is surpassing last year's -- even without a tax incentive, a new report shows. That means that the region's housing market is finally returning to normal after a three-year roller coaster ride during the recession and its aftermath, experts said ...
Realtors frustrated with vandalized foreclosed homes Monday, July 11, 2011 @ 7:00PMLITTLE ROCK, AR -- The latest housing numbers for Pulaski County show there are nearly two hundred foreclosed homes.
Customers stick with Windsor bank as it opens under new Points West management Monday, July 11, 2011 @ 4:47PMAlthough her old bank suddenly had a new name, Kathleen Kopp of Greeley felt comfortable keeping her accounts open on Monday.
HOUSING: San Diego courthouse boots trustee sales Monday, July 11, 2011 @ 3:40PMSan Diego County court administrators will end the decades-old practice of selling foreclosed houses on the courthouse steps in downtown San Diego on Aug. 31, administrators said Monday.
Fort Lauderdale Real Estate Market Is Up To A Good Start As Inventory Drops And Demand Keeps Rising Monday, July 11, 2011 @ 2:24PMFort Lauderdale — the beautiful city located right in the middle of Miami and Palm Beach in Florida is a fabulous location where people can enjoy an environment that has been graced with such great sunny weather to compliment the vast white sand beaches of the location.
Religious sect making fake claims on homes in Charlotte area, officials say Monday, July 11, 2011 @ 9:20AMOfficials at Charlotte-area courthouses say they are seeing epidemic of frivolous paperwork filed by people claiming the right to seize foreclosed property.
City of Ypsilanti, Washtenaw County Treasurer's Office to host open house program on tax foreclosed homes Monday, July 11, 2011 @ 5:21AMA foreclosed home at 1004 Jefferson St. in Ypsilanti is among the 10 properties that will be available for viewing by the public during an open house. Tom Perkins | For AnnArbor.com Residents considering purchasing tax foreclosed property in Ypsilanti......
Talonvest Tally: $20M for Self-Storage Properties Monday, July 11, 2011 @ 5:07AMCOSTA MESA, CA- Talonvest Capital Inc. has arranged permanent debt totaling approximately $20 million for four self-storage facilities operated by two separate California-based owners in this week’s roundup of commercial real estate news in the West.
CALENDAR Monday, July 11, 2011 @ 2:30AMCottage Grove TODAY South Lane School Board — 6 p.m., District Service Center, 455 Adams Ave. 2011-12 superintendent goals; tobacco-free environment policy. 541-942-3381. City Council — 7 p.m., Council Chambers, 400 E. Main St. Jack in the Box findings. 541-942-5501. Creswell TODAY City Council — 7 p.m., Community Center, 99 …
On the House: Housing downturn generates new vocabulary Monday, July 11, 2011 @ 12:15AMReal estate has always had its own language, some of it not to everybody's liking. For example, my editor cringes at the phrase aging in place, used to describe the alternative to selling one's home of 40 years and moving to an active-adult community.
City Targets Unkept Lawns Saturday, July 9, 2011 @ 12:16AMOwners of vacant and foreclosed homes in Rolling Meadows as well as those who neglect their landscaping could soon face increased fees and fines.
NC officials warn of flood of fake property claims Friday, July 8, 2011 @ 8:18PMWEDDINGTON, N.C. (AP) - Officials at Charlotte-area courthouses say they are seeing epidemic of frivolous paperwork filed by people claiming the right to seize foreclosed property.
Town: Gordon Heights should merge EMS services with Medford Friday, July 8, 2011 @ 2:26PMIn order to reduce the highest fire tax rate in Suffolk County, Brookhaven Town officials are recommending the Gordon Heights Fire Commission merge with Medford’s ambulance district, town officials confirmed this week. The historic Gordon Heights Fire District — which established the state’s first all-black fire department nearly 60 years ago — provides emergency services [...]
Saturated housing market prompts increase in renters Thursday, July 7, 2011 @ 11:12PMDrive around town and you're bound to see a For Rent sign outside a house or apartment--which realtors say won't be there for very long...
Rental prices increasing: An influx of new renters raises prices on properties Thursday, July 7, 2011 @ 11:09PMBerenice Quirino/Staff photo - Rent prices are on the rise in McKinney and the surrounding North Texas area. MCKINNEY - With a slumping housing market and an influx of renters, the market has taken on a new face.
Could Kitsap's real estate market be bottoming out? Thursday, July 7, 2011 @ 6:53PMHome prices are up slightly from a year ago.
Abandoned home headache for neighbors Thursday, July 7, 2011 @ 5:22PMNORFOLK -- A Norfolk neighborhood turns to the 13news Troubleshooters for help getting rid of an eyesore. It seems rising foreclosures have left many Hampton Roads residents coping with the abandoned homes left behind. On Adair Avenue, the vice president of the area's civic league, James Wakefield says the neighbors are complaining about house 6318. It's been an eyesore for at least a year. A ...
NEW HOPE: Collective slates a theater benefit Thursday, July 7, 2011 @ 1:59PMNEW HOPE — A newly formed organization, the Delaware River Theater Collective, hopes to bring professional theater back to the New Hope and Lambertville area.
Metal theft still an issue despite recent decline Thursday, July 7, 2011 @ 11:46AMTypically when someone says the word thief, minds turn to the thought of a thug unrightfully snatching a woman's purse, or a prowler who breaks into homes stealing items such as jewelry, electronics...
Fenton passes on purchasing foreclosed vacant commerical property Thursday, July 7, 2011 @ 11:06AMFenton has first dibs on a vacant commercial parcel in the city -- but city officials decided to pass. The Fenton City Council discussed purchasing a foreclosed lot on South Long Lake Road, near Torrey Road, from Genesee County for the back taxes of $9,965.
R.I. News Digest: Providence mayor nominates Natalia Rosa-Sosa for School Board Thursday, July 7, 2011 @ 10:14AMHealth
Groups At Meeting To Urge Aldermen To ‘Put People First’ Thursday, July 7, 2011 @ 9:21AMCommunity activists, advocacy groups and union representatives will join 20 of Chicago’s 50 aldermen Thursday night for the first ever People’s City Council Meeting.
Laurel City Revamp discusses finances, future plans with Winsted selectmen Wednesday, July 6, 2011 @ 10:55PMWINSTED — As a relatively new non-profit organization, Laurel City Revamp has taken on ambitious plans. But some, including the sitting selectmen, expressed their concerns about the group’s financial health.
Fitch gives âstableâ outlook for Philippine banks Wednesday, July 6, 2011 @ 10:33PMFitch Ratings assigned a âstableâ outlook for the Philippine banking sector, citing the favoUrable impact of a growing economy on the industryâs financial performance. A âstableâ outlook in .....