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Pointe Hilton resort up for sale Sunday, September 5, 2010 @ 10:02AMThe Pointe Hilton Tapatio Cliffs Resort and its adjacent golf club are scheduled to be sold to the highest bidder at a foreclosure auction in November.
Upside-down mortgages rising on Springfield area homes Sunday, September 5, 2010 @ 5:38AMIf you owe more on your mortgage than your home is worth, that's considered an upside-down mortgage. In the Springfield area, 8.1 percent of mortgaged homes are upside down, according to a recent nationwide study of "negative equity" rates.
Home sales still strong in American Canyon Thursday, September 2, 2010 @ 2:12AMWhile the national media reports huge declines in home sales in July, American Canyon continued to have consistent home sales.
Land bank authority reinstated by 7-1 vote of Washtenaw County Board of Commissioners Wednesday, September 1, 2010 @ 9:41PM(This story will be updated.) The Washtenaw County Board of Commissioners voted 7-1 tonight to give the idea of a county land bank authority a second try. The board first approved creating a land bank last July, but commissioners decided......
Banks to allow local groups to buy foreclosures Wednesday, September 1, 2010 @ 1:28PMMajor banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors. Foreclosure - United States - Local government - Non-profit organization - Real estate
Banks to allow local groups to buy foreclosures Wednesday, September 1, 2010 @ 11:27AM(AP:WASHINGTON) Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors.
German bank's property woes crystallized at Snowmass Village Monday, August 30, 2010 @ 1:09AMMUNICH - Snowmass Village, the Colorado ski town neighboring Aspen, got a lift in 2007 when Hypo Real Estate Holding agreed to arrange $520 million of loans to complete a $1 billion year-round resort. Three years later, construction has halted on parts of the 19-acre Base Village in Snowmass, where some buildings are wrapped in plastic, and Hypo has been seized by the German government. When the ...
Rise in vacant homes fills some with crime concerns Monday, August 30, 2010 @ 12:15AMIt has been about five years since Tony Sanchez and his family moved from Chicago to their Channing Street home in Elgin's Gifford Park neighborhood. For the most part, he said he has found life in "The City in the Suburbs" true to Elgin's new slogan, enjoying most of the amenities of an urban setting coupled with a sense of a small-town community.
What is predatory lending? Monday, August 30, 2010 @ 12:12AMA few weeks back, I wrote a brief article for the daily Business section about a complaint filed against Wells Fargo by the Pennsylvania Human Relations Commission, which accused the lender of engaging in predatory-lending practices, primarily in Philadelphia's African American neighborhoods.
Shelling out money for a steal of a deal Sunday, August 29, 2010 @ 10:35PMSomebody in a bad mood who was equipped with a baseball bat did John Beiler a favor when they
East Central Illinois not a foreclosure hot spot, but filings are up Sunday, August 29, 2010 @ 9:49PMURBANA – Kevin Schoening's home in Thomasboro was his first and only one – shelter on a tree-lined street in a small town in northern Champaign County where he, his wife and their son lived. Now more than a year after the house was sold at a Champaign County sheriff's sale, revisiting the past couple of years still makes Schoening feel unsettled. read more
What Seniors Should Know before Modifying Mortgage Sunday, August 29, 2010 @ 1:24PMRISMEDIA, August 30, 2010—(MCT)—Maria Olmo doesn’t like her chances of paying off her new, 40-year mortgage. “I’ll die before it’s paid off,” said Olmo, who got her 30-year mortgage modified because she was at risk of losing her home to…
Some banks, homeowners choose short sale option Sunday, August 29, 2010 @ 8:04AMAnother thing about foreclosures: "It's a very expensive process," said Champaign real estate lawyer Ward McDonald. Which is why some banks and homeowners have been considering short sales as an alternative. read more
A correction for 'this economy' Sunday, August 29, 2010 @ 6:45AMI was feeling really bad about the real estate market in "this economy" -- I detest that phrase --
Foreclosures Sunday, August 29, 2010 @ 5:10AMThese are mortgage foreclosures filed with the civil division of the Circuit Court for Jan. 19 through Jan. 20. Names in bold are the subject of, or have an interest in, the foreclosure action. Lighter names filed the foreclosure action.
Time might be right for homebuyers Friday, August 27, 2010 @ 9:50PMHome sales fell 38 percent in St. Louis last month, as theexpiration of federal home-buyer tax credits sucked the life out ofreal estate sales. So, is this the moment to go bottom fishing inthe housing market?
Will O.C. home prices fall 6%? Friday, August 27, 2010 @ 4:15PMWells Fargo Bank’s senior economist has told a breakfast group in Irvine that he expects local home prices to drop 6% over the next year due to high foreclosure rates. Scott A. Anderson believes home prices will fall that much across the ...
Zacks Analyst Blog Highlights: JPMorgan Chase, Bank of America, Wells Fargo, Citigroup and USB Bancorp Friday, August 27, 2010 @ 4:06PMCHICAGO--(BUSINESS WIRE)--Zacks.com Analyst Blog features: JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), Citigroup Inc. (NYSE: C) and USB Bancorp (NYSE: USB). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579 Here are highlights from ...
Zacks Analyst Blog Highlights: JPMorgan Chase, Bank of America, Wells Fargo, Citigroup and USB Bancorp Friday, August 27, 2010 @ 4:00PMCHICAGO----Zacks.com Analyst Blog features: JPMorgan Chase & Co. , Bank of America Corp. , Wells Fargo & Co. , Citigroup Inc. and USB Bancorp .
Centrue, Old Second explain condition Thursday, August 26, 2010 @ 12:06AMCentrue Bank — with locations in Streator, Ottawa, Peru and elsewhere — as well as Old Second Bancorp, with a branch in Ottawa, were listed this week as two of the "most troubled" banks in Illinois. With assets of
Little Hope, Help for DOE's Displaced Yucca Mountain Contract Workers Wednesday, August 25, 2010 @ 2:12PMSteve Hommel has had a difficult year by almost any standard: He lost his job on the Yucca Mountain project, uprooted his fam...
Foreclosure flood creates limbo world Sunday, August 22, 2010 @ 2:11AMSAN JOSE, Calif. -- Millions of homeowners are trapped in a bizarre real estate limbo, living in houses but no longer paying for them, waiting and wondering if someone will help them -- or throw them out.
After the craze: Condo conversions leave fractured communities Sunday, August 22, 2010 @ 12:36AMMichael Jacob was living at the Monterra apartments in Bonita Springs in 2006 when the wave of condo conversions came through.
John Boyle: Lawns of foreclosed homes in Asheville go wild Saturday, August 21, 2010 @ 11:19PMForeclosures obviously inflict the most pain on the homeowners and their families, who face losing a home and all the security that goes with it.
With eye to the past, Golden Triangle looks to future Saturday, August 21, 2010 @ 10:33PMDRC/David Minton Shoppers visit with each other and browse through the retail offerings at Golden Triangle Mall recently in Denton.Retailers at Golden Triangle Mall have already started busying themselves with fall and holiday shopping season preparations. After all, they don't have time to worry about the mall's new ownership; they need to make the next sale. Arizona-based En Pertignus Holding ...
14 Butte Community Bank branches seized Friday; sold to Rabobank, N.A. Saturday, August 21, 2010 @ 4:18PMRabobank Group, doing business as Rabobank, National Association of El Centro, near Roseville, announced late Friday, Aug. 20, that it had acquired all deposits and certain assets and liabilities of Chico-based Butte Community Bank in Anderson and Redding, as well as 12 other branch offices of the failed bank throughout northern California. The acquisition was part of a seizure of assets by the ...
Pacific Mercantile Bancorp Reports Second Quarter 2010 Operating Results Wednesday, August 18, 2010 @ 4:46PMCOSTA MESA, Calif. -- Pacific Mercantile Bancorp today reported its results of operations for the second quarter and six months ended June 30, 2010.
A new real estate algorithm: Cut your loses Wednesday, August 18, 2010 @ 2:05AMWhen 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.
HOUSING: House sales plummet in July as inventory swells Tuesday, August 17, 2010 @ 10:55PMHome sales in North San Diego County fell precipitously in July,as a buying surge propelled by government incentives receded,leaving a crowd of sellers nervously courting a smaller pool ofbuyers, according to a Realtors group and real estate agents.
Inland home sales fall sharply in July Tuesday, August 17, 2010 @ 8:41PMSouthern California last month saw its biggest year-over-year drop in home sales in more than two years, with the severest declines in San Bernardino and Riverside counties, reflecting the end of a home buying fever stoked by federal incentives.
Taking on Kevin White Tuesday, August 17, 2010 @ 4:50PMIn Hillsborough's poorest district, a beleaguered but popular incumbent faces two opponents.... By Mitch Perry At a recent candidates' forum in Progress Village, the first time the three Democrats running for the Hillsborough County Commission District 3 seat had gathered together this campaign season, not a word was uttered about incumbent Commissioner Kevin White's troubles from a year ago ...
North Carolina on pace to set new foreclosure record Tuesday, August 17, 2010 @ 4:47PMNorth Carolina is on pace to top last year's record for foreclosures. They're popping up in every neighborhood and even some places you would not expect.
Renasant Bank Forecloses on $3.7M East Memphis Home Tuesday, August 17, 2010 @ 4:03PMRenasant Bank has foreclosed on a multimillion home on South Shady Grove Road, according to a first-run foreclosure notice in today’s Daily News. Rich...
Special report: Flipping, flopping and booming mortgage fraud Tuesday, August 17, 2010 @ 3:58PMThe house on the 53rd block of South Wood Street in Chicago's Back of the Yards doesn't look like a $355,000 home. There is no front door and most of the windows are boarded up.
More Fuel For a Bigger Decline Tuesday, August 17, 2010 @ 3:18PMDo you still believe the market is heading higher? Denial is bliss, but a variety of indicators are shaping up to paint a very bearish short, mid and long-term picture. Now is not the time to stick your head in the sand and hope for the best.
People in Business: Aug. 15, 2010 Sunday, August 15, 2010 @ 3:42AMMatthew King, an agent for Farmers Insurance in Aptos, has achieved membership in the Presidents Council, the company's highest award for performance, for the 10th time.
Average price down again, but rate of decline slows Sunday, August 15, 2010 @ 3:15AMThe averge sale price of a home in Morris County continued its three-year drop in the first six months of this year, but the decline eased to its slowest pace since early 2007, to only about one-half of a percent.
Foreclosures Sunday, August 15, 2010 @ 12:34AMThe Volusia County Clerk of Court conducts foreclosure sales at 11 a.m. in conference room D-251 of the Courthouse at 101 N. Alabama Ave., DeLand. The Flagler County Clerk of Court conducts foreclosure sales at 11 a.m. in the...
Foreclosures, short sales make up 60% of Reno-Sparks market Sunday, August 15, 2010 @ 12:19AMNondistressed properties increased their share of the area’s existing home market in the second quarter, but short sales and foreclosures still accounted for more than half of all sales.
Statistical evidence shows promising real estate improvements Sunday, August 15, 2010 @ 12:02AM"As odd as it may sound, people are getting used to this real estate market. They don't like it, but they are getting used to it and they are coming out of their shells and starting to buy," said Paul Wells, a Realtor with RE/MAX of Barrington, 306 W. Northwest Hwy., Barrington.
Properties in distress Saturday, August 14, 2010 @ 11:29PMWhen Josh and Amanda Brandt began looking for their first house this year, they wanted what every buyer wants.
Myrtle Beach area loans lumped into spiraling mortgage-backed securities Saturday, August 14, 2010 @ 11:03PMIt took fewer than six months for the loan on a condominium unit at River Oaks Golf Villas to make its way from Myrtle Beach to Wall Street, but the fallout from that ill-fated mortgage and millions more like it nationwide likely will be felt for years.
Council keeps millage status quo Saturday, August 14, 2010 @ 1:33AML’Observateur LAPLACE – In a move that will save the parish from losing a substantial amount of money on property tax collection, the St. John Parish Council voted Tuesday to keep the tax rate at the 2009 level.
Treasure Valley housing downturn isn't over yet Saturday, August 14, 2010 @ 12:16AMLocal housing downturn isn't over yetIdaho will still suffer declines after much of the rest of the country stabilizes, a top national economist says.
Tenants of Foreclosed Homes often Unsure of Options Saturday, August 14, 2010 @ 12:08AMRISMEDIA, August 14, 2010—(MCT)—Erin Kennedy-Florez was 10 months into a one-year lease on a home in Richmond, Calif., when she found a notice on her door saying the home was being foreclosed. She said she called her landlord, who told…
Tenants of foreclosed homes often unsure of options Saturday, August 14, 2010 @ 12:08AMWALNUT CREEK, Calif. — Erin Kennedy-Florez was 10 months into a one-year lease on a home in Richmond, Calif., when she found a notice on her door saying the home was being foreclosed.
New developer to run Stratton Flats Friday, August 13, 2010 @ 11:03PMWorkers guide a section of the first Stratton Flats single-family home down onto its foundation in 2008. The Gypsum project, which has suffered from slow sales, is changing developers, it was announced Friday.
No Exit, Stage Left or Right Friday, August 13, 2010 @ 4:49PMThe coming doses of quantitative easing will spark adverse reactions in the dollar and bond market.
No Exit - Stage Left or Right Friday, August 13, 2010 @ 2:29PMBy: Peter Schiff, Euro Pacific Capital, Inc. This week, national attention was fixated on JetBlue flight attendant Steven Slater, whose bold, creative, and controversial exit strategy could revitalize his future prospects.
Roanoke Valley home sales slump in July Friday, August 13, 2010 @ 10:41AMAug. 13--Federal tax credits promising thousands of dollars to buyers who signed a home contract by June's end boosted sales throughout the Roanoke region in the first half of this year.