Featured News, US Real Estate

Oregon Foreclosures Tell of Industry Volatility

By Phil Butler | June 6, 2011
This recession just will not go away. In foreclosure related news from Oregon, that state's rate of filings just jumped off the scale, reaching a whopping 235% higher for April. With the rest of the country improving slightly in the same time frame, the Oregon numbers clearly show the volatility of the industry still.
US Real Estate

Faulty Paperwork Stalls April Foreclosures

By Mike Wheatley | May 15, 2011
The number of foreclosures fell in the last month as activity continued to slow down due to faulty paperwork, a survey said last week. Foreclosure numbers fell to a three-year low, with just 69,532 homes seized by banks in April, which is down 8.6% on the previous month and a third less than the same […]
US Real Estate

Investors Want H&R Block's Subprime Lender to Pay Up

By Tavis J. Hampton | May 9, 2011
Several mortgage bond investors are seeking assistance to force a subprime lending unit of H&R Block Inc. to buy back billions of dollars worth of faulty loans.  The company, called Option One back when it did its dirty work, is now known by the name Sand Canyon Corp (SCC).  H&R Block sold off the servicing […]
US Real Estate

USAA Sells 16 Real Estate Properties

By Tavis J. Hampton | May 5, 2011
USAA Real Estate Company has sold 16 of its properties in a Single Tenant Net Lease Retail Portfolio.  An affiliate of The Inland Real Estate Group of Companies, Inc. purchased the portfolio for an undisclosed amount. The 16 properties in the portfolio total 118,046 square feet and are leased to tenants from several well-known companies, […]
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