Featured News, US Real Estate

Foreclosure Filings Down, But It’s Not Good News

By Mike Wheatley | October 13, 2011
A new report from RealtyTrac has revealed that foreclosure filing numbers in August dropped by 6% from the previous month, while year on year foreclosures have dropped by 38% compared to the end of August 2010. However, it may not be all good news, as analysts expect that foreclosure activity may well pick up in […]
Featured News, US Real Estate

Obama’s Foreclosure Fix Failures

By Mike Wheatley | October 10, 2011
The Obama administration’s attempts to deal with the foreclosure crisis have been nothing short of abysmal. As of right now, more than 6 million American homeowners remain under threat of foreclosure, or are behind on their mortgage payments. Property prices are continuing to fall, and inventories across the U.S. are overwhelmed with foreclosed homes. Obama’s […]
Featured News, US Real Estate

Most Strategic Defaulters Have Great Credit And Few Debts

By Mike Wheatley | October 7, 2011
Earlier this week, I happened to stumble on a great article by Justin McHood who wrote about an emerging trend amongst homeowners – “Buying and Bailing”, wherein they take advantage of the fact that property prices are lower than ever, by buying a new home and then walking away from their current, underwater home. Justin’s […]
Featured News, Real Estate, Residential, US Real Estate

Bernanke Admits Policy Failure, Then Asks For More Of The Same

By Donna S. Robinson | October 5, 2011
In today's report to congress, I could not help but notice two things. First, Fed Chairman Ben Bernanke was essentially admitting that his program to solve our economic problems with more spending is not working out very well. And it was painfully obvious that some if not most of the congressmen/women on the panel had […]
Featured News, International, US Real Estate

Children in Panama Could Lose Multi-Million Dollar Trust Fund Due to Family Feud over Will

By Allison Halliday | October 4, 2011
Unfortunately, feuds over family wills are all too common, but a story reported by Thomson Reuters highlights a tragic case which could deprive impoverished Panamanian children of millions, and includes allegations of corruption, bribery and theft. The case involves Florida attorney, Richard Lehman and his wealthy friend and client Wilson Lucom, a millionaire who retired […]
Featured News, Mortgage, Real Estate, US Real Estate

California Attorney General Pulls Out Of Bank Settlement

By Mike Wheatley | October 3, 2011
California’s Attorney General Kamala Harris has announced she is pulling out of multi-state foreclosure practice negotiations which are currently under way with some of the country’s biggest banks, saying she intends to pursue her own investigations in an attempt to reduce foreclosure numbers and reform bank practices. Harris, in a letter to the committee, said […]
Featured News, US Real Estate

Miami's Cervera Real Estate: Broker for Ocean House

By Phil Butler | September 27, 2011
In news from the Miami market, Cervera Real Estate has been chosen as the exclusive broker for luxury beachfront property Ocean House. The exlusive South Beach property is a planned development of iStar Financial, a multi-million dollar redesign of one of the area's most sought after properties. Also in the news, DYL Group, a major area developer, will serve as the project's advisers.

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