With the apartment industry starting to pick up on construction and rental prices slowly going up, it is apparent that the commercial real estate market is on its move to recovery. In 2011, things just might continue to perk up, according to a global professional services firm and a non-profit education and research institute. The PricewaterhouseCoopers (PwC) and Urban Land Institute Read full article »
Archives for Street Talk
The Root And Effects Of Foreclosure Freezing
Banks freezing foreclosure proceedings and sale to review their foreclosure proceedings is hardly news. The truth is, though, that not everybody knows where the issue really stemmed from and what foreclosure freezing could mean to the housing industry and the economy as a whole. The following will shed light to some commonly asked questions about the latest buzz on foreclosure Read full article »
tags: foreclosure, freezing
Apartment Construction Set To Start Again In North Texas
The trend nationwide is veering away from home ownership to rental. And developers all over the country are starting construction on apartment units again. Even North Texas, which experienced a virtual construction shutdown in the past year, is seeing a comeback in construction. The vacant corner of Fairmount and Carlisle streets had been standing a bit forlorn as developers knocked down Read full article »
Lending To Ninja Borrowers May Lead To Economic Double Dip
The past mistakes of the real estate industry is coming back to haunt not just then industry but the whole U.S. economy. When the real estate market crashed, analysts have all but tried to come up with solutions to revive the housing market. With the recent mess of foreclosure paperwork, reviving the market is not the biggest concern for everyone Read full article »
All Hope Is Not Lost: Foreclosure Freezing Might Lead To Solutions
The Obama administration says the foreclosure freezing is not going to help the housing market in finding the path to recovery. And people have a reason to be worried: the mess has already tipped the bank balance sheets and created chaos in the housing market. Some real estate analysts contend that all hope may not be lost: the pause in Read full article »
Rescued Chilean Miners Come Home To Hero’s Welcome
All the major news network featured it and hundreds of millions of people watched it: six rescuers going down an escape shaft to help get out the 33 Chilean miners trapped underground. The miners have been trapped for two months and the rescue operation took 24 hours. It was an amazing thing to watch and it turned the miners into Read full article »
Foreclosures May Continue But Banks Should Fix Documents, Says FHFA
Lawmakers and consumer groups are outraged by the new policy statement written by the Federal Housing Finance Agency (FHFA) regarding the recent mess on foreclosure proceedings. If they had this violent reaction, what more the thousands of homeowners who are facing foreclosures? Perhaps going with the Obama administration’s stand that a foreclosure moratorium in all 50 states is damaging to the Read full article »
The Gravity Of The Foreclosure Fraud
So we all know that banks have admitted to robo-signing, a process whereby employees sign foreclosure cases without verifying the veracity of the documents. We also know that banks have tried controlling the negative effects by freezing foreclosure sales in most states (and even all for a number of banks). But what we don’t know is that the issue at Read full article »
tags: foreclosure fraud, mortgage fraud
Title Companies Tied Up, No Thanks To Foreclosure Freezing
Banks have recently frozen all foreclosure proceedings to protect homeowners from the robo signing process, which is the process of signing foreclosure documents without checking their veracity. But the recent flurry of mortgage fraud accusations is not only hurting homeowners, but the title companies as well. And title companies are now implementing rules that aim at protecting themselves. Title companies are Read full article »
Mortgage Program Overhaul For TD Bank
The Canadian housing market may be cooling down and property values are rising but this does not mean that people are lining up the banks to get a mortgage on their homes. In fact, because of the stiff competition to get new business, banks are coming up with different strategies and gimmicks to lure in customers. TD Bank, for one, Read full article »
tags: home loans, mortgage
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