Phoenix, AZ -The worsening economy has heightened the likelihood of foreclosure incidents for many homeowners as the scarcity of available jobs further threatens the ability of many Americans to meet mortgage payments. And amidst the challenges currently encountered by many distressed homeowners, foreclosure expert Ken Spohn said that the most effective way of dealing with foreclosure is to first come to Read full article »
Burger King Succumbs To Whopper $3.2 Billion Buy-out Bid From Brazilian Investment Firm
Giant fast-food chain Burger King announced on Thursday a $3.26 billion deal that would transfer its ownership and all its current debts to Brazilian investment company 3G Capital, in a contract described by market analyst CapitalIQ as the biggest leverage buyout in recent history for a fast-food firm. The takeover deal would also be the second time that Burger King had Read full article »
tags: Burger King, buy out
California Real Estate Value Slides Anew, Retreats By 1.8 Percent To $4.4 Trillion With Most Counties Seeing Declines
The California Board of Equalization (CBE) revealed on Thursday that the state’s property market again suffered retreats this year as overall value declined by 1.8 percent to $4.4 trillion, coming from the loss of 2.4 percent in 2009. Analysts said that the latest plunge marked the Golden State’s property slump for two consecutive years and also the second time that Read full article »
category: Featured, Residential
Florida Regulators Clamp Down Two Clay County Companies On Alleged Loan Modification Anomalies
Two Clay County mortgage loan modification companies were ordered shut down on Thursday by the Florida Office of Financial Regulation (OFR) and the county’s Sheriff Office, issuing search warrants at the same time enabling authorities to sift through the companies’ records for possible malfeasance. Ordered closed were Global Equity Solutions, located at 3332 Old Jennings Road in Middleburg and Hope Financial Read full article »
tags: Florida, loan modification
Google Ties Up With USBCDC, Provides $86 Million For Seven Affordable Housing Communities In California And Midwest
Following its phenomenal success that reaped billions of dollars for the Mountain View-based search engine company, Google (NASDAQ: GOOG) has decided to share its vast fortune to nearby and not-so-near communities by sponsoring its version of an $86 million Low-Income Housing Tax Credit fund that would be utilized to develop and operate targeted seven affordable housing communities in California and Read full article »
tags: LIHTC. Google, US Bancorp
FDIC Reports Of $21.6 Billion Increase On Insured Institutions In The June Quarter As Banking Sector Slowly Regains Financial Muscle
As of June 2010, the Federal Deposit Insurance Corporation (FDIC) has reported that commercial banks and savings institutions under its protective wings have collected an aggregate profit of $21.6 billion, leading to an overall profit of $26 billion following the $4.4 billion net loss registered in the prior corresponding year. The FDIC said that while the numbers reflected the biggest surge Read full article »
category: Commercial, Featured
Zillow Partners With Apartments.com To Further Bolster Its Fattening Rental Listings Database
Following the upgrade it has instituted only nine months ago, leading real estate search site Zillow again padded its rental listings database by an additional 90,000 entries as the company moved to collaborate with Apartments.com. The tie up with the classified ventures site, according to Zillow, would provide the search site rich new listings of housing unit details, unit photos, minute Read full article »
Red Capital Reveals $136 Million Fannie Mae Refinance Loan Deal That Covers Eleven Properties In Ten States
Comprehensive capital provider Red Capital Group has announced on Wednesday that it has just secured a $136 million refinancing contract, through its mortgage banking affiliate, Red Mortgage Capital LLC, for the bulk acquisition of eleven properties spread over a total of ten states nationwide. The capital providing company said that the 11 loans were separately underwritten on a non-crossed basis, with Read full article »
tags: fannie mae, Red Capital
Home Prices Up In June While Home Sales Down In July As Experts Cite Supply And Demand
Major US cities registered improvements of up to 4.2 percent for single-family homes in the month of June but many economists remained wary that the spike was temporary and mainly due to the April expiration of the federal-sponsored home buyer tax credit. Should that be the case then the inevitable tumbling of home prices would hit back soon and experts said Read full article »
category: Featured, Residential
Fannie And Freddie Tell Homeowners To Pay Off Loans Taken On Stalled PACE Program
Fannie Mae and Freddie Mac issued guidance on Tuesday which advises numerous homeowners that they need to settle first the loans that they incurred on the failed Property Assessed Clean Energy or PACE program prior to any refinancing possibilities of their mortgages. PACE allowed municipalities in 22 states to sell bonds that were used to fund installation costs of energy efficiency Read full article »
tags: green, home improvement loans
This is box left header
All you need to do is to visit your Custom Homepage Images tab and upload new images (you can crop them after uploading) and enter text and links to replace this text.
This is box center header
All you need to do is to visit your Custom Homepage Images tab and upload new images (you can crop them after uploading) and enter text and links to replace this text.
This is box right header
All you need to do is to visit your Custom Homepage Images tab and upload new images (you can crop them after uploading) and enter text and links to replace this text.