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.
Residential, US Real Estate

Reality Hits Home as Peggy Tanous Faces Foreclosure

By Allison Halliday | May 16, 2011
Reality star Peggy Tanous seems to have it all, but the truth is she’s already following in the footsteps of other Real Housewives in facing foreclosure, and is currently in dispute with three banks in an effort to try and keep her home in Irvine, California. PNC Mortgage, US Bank National and the BAC Home Loans Servicing are trying to get a foreclosure, but Tanous is fighting back with her own lawsuit as she believes the banks haven't honored a loan modification agreement.
Real Estate, US Real Estate

Protests at Bank of America Shareholder Meeting

By Allison Halliday | May 13, 2011
Angry protesters set the scene for the Bank of America’s annual meeting at their headquarters in Charlotte, N.C. Shareholders were eager to tell CEO, Brian Moynihan, about the disastrous effect foreclosure has had on their communities.
US Real Estate

iStar Plans to Open Miami Paramount Bay Luxury Condos Soon

By Tavis J. Hampton | May 12, 2011
Investment firm iStar Financial hopes to finally open the troubled downtown Miami condo tower Paramount Bay this year, adding ST Residential to the property’s title.  The 47-story waterfront tower is difficult to miss, but it has remained vacant and unfinished for nearly six years.   When Royal Palm Miami Holdings began construction in 2005, there […]
US Real Estate

Foreign Investors Helping to Rebuild Florida Real Estate

By Tavis J. Hampton | April 21, 2011
Florida was hit hard by the real estate crisis, but there are signs that the market is starting to improve, thanks in part to foreign investors.  Sales are up 58 percent in Miami-Dade County compared to totals from March 2010.  Condominium sales were up 84 percent in March.  April 2011 may very well be remembered […]
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 […]
Real Estate, Residential, US Real Estate

Home Loan Modifications – Genuine Assistance or Just a Big Scam?

By Mike Wheatley | April 14, 2011
Following a year-long investigation into a total of 80 loan modification firms, serious problems within this industry have been reported by the National Fair housing Alliance and other groups that took part in the operation.
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