US Real Estate

Century 21 Featured in iPhone/iPad Game

By Tavis J. Hampton | April 15, 2011
Century 21 has made its way into the gaming world with its inclusion in We City, a game for the iPhone, iPod Touch, and iPad.  In the game, players develop their own virtual cities, adding cafes, hot dog stands, hotels, parks and many other types of real estate.  It requires planning, building, and apparently some […]
US Real Estate

Banks Ordered to Reimbursh Wrongly Foreclosed Homeowners

By Tavis J. Hampton | April 15, 2011
The U.S. federal government has ordered 16 of the largest lending institutions to pay back those customers who did not get proper foreclosures.  Among those on the list are Citibank, JPMorgan Chase, Bank of America, and Wells Fargo, the four largest banks in America. This is the governments latest jab at mortgage lenders designed to […]
US Real Estate

FannieMae Brings Back HomePath Buyer Incentives

By Tavis J. Hampton | April 12, 2011
Fannie Mae, the Federal National Mortgage Association, has revived its HomePath buyer incentives program, which provides assistance for paying closing costs on the purchase of foreclosed homes. The program requires the purchasers to actually live in the foreclosed homes they buy, so do not expect assistance if you are an investor looking to buy, renovate, […]
US Real Estate

Brazil's Slums Are Running Out of Space

By Tavis J. Hampton | April 12, 2011
Middle and low-income buyers are in danger of being squeezed out of Brazil, due to the country's shortage of affordable housing.  According to some estimates, Brazil needs at least 6 million more houses to accommodate its poor citizens. Shanty apartments cover the hillsides of the slums (or favelas) of Rio de Janero, and while some […]
US Real Estate

Wealthy Indians Look to Purchase Overseas Property

By Tavis J. Hampton | April 11, 2011
Recent trends show wealthy Indians looking to acquire more property outside of their country, as property prices in Mumbai continue to rise higher than ever before.  Prime areas on their radar include Dubai, London, and Singapore, among others. According to the regulations set forth by the Reserve Bank of India (RBI), Indians may remit up […]
US Real Estate

Investcorp Acquires $120 Million in US Properties

By Tavis J. Hampton | April 11, 2011
Investcorp has announced the acquisition of Coral Palm Plaza shopping center in Coral Springs, Florida.  The joint venture with Lincoln Equities was valued at $120 million for the 135,672 square foot plaza. Built in 1986 and renovated in 2000, Coral Palm Plaza leases to a number of well-known retailers, including Buybuy Baby (a subsidiary of […]
US Real Estate

Woman Gets 4 Years in Prison for Real Estate Scheme

By Tavis J. Hampton | April 7, 2011
A woman in Putnam County, West Virginia is on her way to federal prison after being sentenced for her part in a real estate fraud scheme.  The mortgage fraud involved$ 2.3 million dollars in a housing subdivision called Stonegage in Hurricane, West Virginia, a town with a popular of less than 6,000.  The woman, Deborah […]

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