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Real Estate, Real Estate Investing, US Real Estate

Bid-Rigging Investors Plead Guilty To Fixing Foreclosure Auctions

By Mike Wheatley | July 5, 2011
Eight real estate investors in California have agreed to make guilty pleas in relation to a scam where they rigged the bidding in auctions on foreclosed properties in San Francisco, say federal officials.   Prosecutors claim that the investors operated their scheme for a three year period up until early 2011, agreeing not to bid against each […]
Luxury Real Estate, Real Estate Investing, US Real Estate

Marquis Residences Attracting International Buyers With Portfolio Loan From Americor

By Allison Halliday | July 4, 2011
The Marquis Residences is Miami’s newest luxury condominium development, and is proving to be very popular with international buyers.   Americor Mortgage is offering hassle free loans to international investors, and the development has already attracted buyers from Russia, China, Greece, England, Switzerland, Colombia, Ecuador, Mexico, Brazil and Venezuela. A large part of the attraction […]
Mortgage, Real Estate, US Real Estate

Corrupt Mortgage Exec. Lee Farkas Jailed For 30 Years

By Mike Wheatley | July 4, 2011
A man labelled as the mastermind behind one of the biggest ever mortgage lender fraud schemes was jailed for 30 years last week. The case of Lee B. Farkas, who was the chairman of the Taylor, Bean & Whitaker mortgage firm, represents the largest prosecution so far relating to the financial crisis which began in […]
Real Estate, Residential, US Real Estate

US Home Prices Predicted To Climb

By Allison Halliday | July 4, 2011
According to the Housing and Urban Development Secretary, Shaun Donovan, home prices in the US could begin to rise as soon as the third quarter. Donovan was speaking on CNN’s ‘State of the Union’ program at the weekend, and said “It’s very unlikely that we will see a significant further decline. The real question is […]
Real Estate Investing, Residential, US Real Estate

Apartment Prices In Manhattan Fall

By Allison Halliday | July 2, 2011
Prices of Manhattan apartments fell during the second quarter, as did the number of sales, with buyers lacking the urgency to purchase property. Purchases were down 3.8% compared with the same period last year, to just 2,650, according to a report by New York appraiser, Miller Samuel Inc. and brokers Prudential Douglas Elliman Real Estate. […]
Real Estate, US Real Estate

Cervera Real Estate Welcomes New Team Members

By Allison Halliday | July 2, 2011
Cervera Real Estate's leadership recently held a cocktail reception to welcome new agents onto the team. The reception was held at the sophisticated Kyma Lounge at the EPIC Residences and Hotel in Brickell, and it provided the ideal opportunity for the new agents to network over wine and hors d’oeuvres.  Top of the agenda were […]
Real Estate, Residential, US Real Estate

First-Time Buyers Face Stiff Competition From Investors

By Mike Wheatley | July 1, 2011
What with the way things are in the housing market today, you’d be forgiven for thinking that you have all the time in the world to decide which property to buy. But you would be wrong. It seems that the best homes in the most desirable areas are being snapped up all too quickly, and […]
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