Archives for March 2011

Cities Start to Feel Real Estate Slump as Taxes Slide



Property tax fluctuations are always behind the real estate and mortgage lending markets, but the decline of property values is now starting to catch up with the taxes, leaving many cities, towns, and villages in a serious bind. With lower property values, residents will expect their municipalities to cut their taxes.  That could mean more […]

Irish Banks Must Find $18.4 billion to Pay Real Estate Debt



Banks in Ireland are in a world of hurt, if a stress test performed by the Irish Central Bank is anywhere close to reality.  According to the results, Irish banks may need at least $18.4 billion USD or 13 billion Euros to cover all of the debt from bad real estate deals. Last year the […]

SBA Program to Help Refinance Commercial Real Estate



Although residential real estate tends to draw the big headlines, commercial real estate has also taken a hit in recent years, due in part to a decline in property values.  To help alleviate some of the problems, the U.S. Small Business Administration (SBA) is introducing a program that will help owners of small commercial properties […]

Settlement May Force Banks to Allow Short Sales



A settlement of a case involving absurdly poor paperwork by banks may force the banks to allow severely delinquent homeowners to find relief through short sales.  In a short sale, the homeowner is allowed to sell the home for less than the amount owned on the loan.  Normally, a short sale requires the permission of […]

Tampa Bay A Big Pull For Foreign Investment



Real estate purchases in Tampa Bay have more than doubled in the last year, as foreign buyers look for new bargains beyond their traditional Miami hunting ground. An influx of investment from overseas has propped up the market so far this year, and commercial seems to be leading the way to a positive 2011.

Simon Fashion Now: One Good Way to Add Property Value



In news from Indianapolis, Simon Property Group, Inc. is bringing high-energy runway fashion to shoppers across the US with Simon Fashion Now. This free celebratory event, from the nation’s largest developer of high quality retail space, comes to premier shopping centers from Houston to Indianapolis.

13% of US Homes Are vacant: Are The Figures Misleading?



With so many foreclosure houses sitting around empty these days, housing markets across the country are faltering as property values and sales prices continue to drop. But are the 13% of US homes now vacant misleading us into a false sense of insecurity?

Scammers Keeping Brooklyn Real Estate Crime Unit Busy



The scourge of real estate crime has become so prevalent in Brooklyn these days that even a former city council official has been scammed, according to the district attorney for Brooklyn.

Why So Many Low Appraisals?



More than 10% of realtors in the U.S. have said they’ve had sales called off because the appraisal was lower than the buyer’s agreed prices, claims a National Association of Realtors survey in January.

New Rule Allows Foreign Investors Residency in Qatar



A new rule in Qatar allows foreigners to apply for residency permits.  Under the rule, a property acts as a sponsor for the individual, whereas any immigrant wishing to receive a residence permit in the past had to have a human sponsor. So far ten people with leases in the country have applied for residency […]

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