Real Estate, US Real Estate, World Real Estate

Mubarak's legacy lingers over Egyptian property market

By Allison Halliday | June 8, 2011
Real estate developers in Egypt who profited from their associations with the former president are now receiving their comeuppance, and the caretaker government is trying to settle disputes about land bought cheaply through the old regime. Talaat Moustafa Group (TMGH) is one of the largest publicly traded builders by assets, and has already been defeated […]
Commercial Real Estate, US Real Estate

Texas Hotels Up For Bids On Auction.com

By Phil Butler | June 8, 2011
In news from Seguin, Texas, just outside San Antonio, 13 hotel loans are up for auction to the highest bidder. Bidding at Auction.com began yesterday and will continue until 4 PM local time, according to the news. The winning bidders will take ownership of the mortgages attached to the hotels.
Real Estate, US Real Estate

Couple Threaten Bank With Foreclosure

By Mike Wheatley | June 7, 2011
A couple in Florida have threatened to "foreclose" on the Bank of America after it wrongly foreclosed on their own home - which they didn't even have a mortgage for - they paid in cash!   The mix-up happened when the couple, Warren and Maureen Nyerges, bought themselves a foreclosed home in Naples back in […]
Real Estate, Residential, US Real Estate

Construction Could Impact Colorado's Recovery

By Allison Halliday | June 7, 2011
There are concerns about the construction industry's impact on Colorado's fragile recovery, as this sector has lost 60,000 jobs during the last three years. This is nearly half of the 130,000 jobs lost in Colorado, and recently that contraction became worse. In 2007 the construction industry and related sectors employed one in five private-sector workers, […]
Real Estate, US Real Estate

Scandal of Forced Placed Insurance Emerges

By Allison Halliday | June 7, 2011
It’s estimated that thousands of homeowners have been ripped off with forced placed insurance, and they will be interested to know that the National Mortgage Complaint Center is beginning a national initiative to try to put right this scandal.   The watchdog is asking homeowners to contact them on their website, NationalMortgageComplaintCenter.com as they want […]
Real Estate Investing, US Real Estate

Prime Property Investors Closes Apartment Deal

By Phil Butler | June 7, 2011
In news from Northbrook, Illinois, Prime Property Investors announced the purchase of Deer Valley Apartments in Lake Bluff. The 224 unit luxury complex was offered by San Francisco based Stockbridge Capital Group for a pension plan client.
US Real Estate

Here’s a New Idea – Pricing Integrity

By Mike Wheatley | June 6, 2011
A new 32-unit development in Chicago is attracting a lot of interest these days due to its unique pricing strategy of absolutely no bargaining. The strategy for the Renaissance project has been named “pricing integrity”. Units at the new development range in prices from around $250,000 to $350,000, and there are absolutely no discounts to […]

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