Plot of Land, Costa Rica, 130 Acres with Far Views to the Nicoya Gulf, Volcanoes, Islands, Mountains and Valleys … 79.000 EUR
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Archive
Archive for November, 2009Toronto-Dominion Bank’s exposure to the troubled U.S. commercial real estate market is significantly higher than many of its investors believe, a new report suggests.
Excerpted from:
TD shows ’significant exposure’ to risky sector
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California has been one of the hardest hit states by the mortgage crisis. California has the second highest foreclosure rate in October with 85,420 California properties receiving a foreclosure notice which represents a 1 per cent improvement from September.
Nationwide foreclosure filings have dropped by 3 percent in October, a slight improvement but still 19 percent higher than last year.
This has caused a financial crisis devastating families and whole communities. The thousands of troubled homeowners could have some extra help going their way. New legislation is being proposed by a Democratic candidate for state attorney general.
The plan is backed by Assemblyman Pedro Nava, who wants to allow homeowners who have been served a foreclosure notice the chance of employing a state appointed monitor to help them lower their monthly payments.
When preparing for the bill, the Assembly Banking and Finance Committee headed by Nava heard testimony about loan modifications and the housing crisis as a whole. The results indicated that loan modifications have been ineffective and the families benefiting from them are very few.
One of the principle features of the Assembly Bill 1588, the loan modification under study, is that lenders would not be able to foreclose on homes that were undergoing loan modification procedures.
Nevada, which has the highest rate of foreclosure notices in the U.S, worked through a similar program to that proposed in California and the bill was enacted in May.
Barabara Buckley, Nevada Assembly Speaker gave her testimony in Sacramento, California when providing information on the results reaped by the program in Nevada: “Our program in Nevada has shown initial success in stemming foreclosures. While I understand the obstacles California faces as a non-judicial foreclosure state, I look forward to working with the California Legislature to find ways that a similar program could be implemented”, she commented.
Nevada’s results although far from a quick fix are encouraging. In just one month 3,330 homeowners have requested mediation, 1514 were processed, 888 cases assigned to mediators and 106 completed in that same month.
It is hard to see how this bill will help with the larger problem of homeowners that have good loans but are unemployed so any mortgage payment is too expensive. However if the only feature that is kept of this bill is that lenders can’t continue with foreclosure measures during the loan modification it will provide a much needed respite to troubled homeowners who just want a chance to pay their mortgage at an affordable rate.
Apartment, Canada, Top Floor! Sunny South facing one bedroom suite overlooking Haro Street with a wonderful balcony and treed outlook. … 329.900 CAD
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Condo Vancouver Top Downtown, Quiet Location
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Model: 2001 Fairmont Size: 16X80 Condition: Excellent Living Room: 17 X 14 Kitchen: 16 X 14 Master Bedroom: 13 X 14 Master Bathroom: 8 X 10 Bedroom 2: 10 X 12 Bedroom 3: 13 X 8 Bathroom 2: 9 X 5 Deck: 17 X 10 Well maintained and updated 3 bedroom, 2 bath home, Recently refinished master bath with garden tub, Unique eat-in kitchen with island, Garden shed and large deck, All appliances included: wash-dryer, stove, microwave, refrigerator, and dishwasher, Move in ready with fresh paint in all rooms, Take advantage of the tax credit and pay less than rent Contact Rodney-608-790-6717
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2001 Fairmont Mobile Home For Sale in Sparta, Wisconsin
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I get to have a conversation with Neal Elkin, President of Real Estate Analytics, LLC whose Moody’s/REAL CPPI Reports tracks the commercial real estate space. I’ve followed Neal’s efforts with Moody’s Investor Service since its inception.
On a side note, I find the correlation of their metrics with the residential market fascinating.
The Housing Helix Podcast Interview List
You can subscribe on iTunes or simply listen to the podcast on my other blog The Housing Helix.
Excerpt from:
[The Housing Helix Podcast] Neal Elkin, President, Real Estate Analytics LLC, REAL
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A southern Maryland developer is hoping to revitalize St. Charles, a community in Waldorf, by “going green.” American Community Properties Trust is expected to announce plans Monday to double the community’s size while reducing its carbon footprint with more environmentally friendly design.
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Developer Announcing Plan For Green Revitalization
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House, Spain, Cortijo on the outskirts of the village, with private garden on a plot of 560 m2. … 120.000 EUR
Credit:
E·xcellent spot for a B and B, edge of village
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Over the past few years the real estate industry has gotten a somewhat unsavory reputation. Being in the industry myself, I’m biased to tell you that most real estate professionals are high quality, upstanding “business citizens.” However, as with any big purchase or transaction, smart consumers do research independent of people who stand to benefit in some way. Here’s some tips on ways to protect yourself and identify some potential problems from the start as opposed to looking back after getting shafted and thinking “If only I would have checked that!”
Check to be sure the company you’re working with is in the Better Business Bureau.
Visit the Better Business Bureau’s website and go with a company that is listed. This really should be standard practice when you’re considering making any larger purchase. The BBB is a clearinghouse of any negative feedback and in my experience it’s generally extremely accurate. The only warning here is not to let a single, irate complaint hold too much value as it could be a competitor or crazy-ish person but definitely take repeated negative feedback into account.
Call your state Real Estate Commission or Department of Real Estate.
Mortgage companies and the loan officer you were work with generally are required to have a license to broker your mortgage. It would take a pretty brash person to do so without such a license but stranger things have surely happened. I’d recommend taking a moment to Google “Your State” Real Estate Commission and calling to inquire about any possible violations or complaints filed against the company you’re planning to work with.
Ask the company if they’re properly bonded and insured.
You probably here the phrase “bonded and insured” all of the time but do you really know what it means? Bonded refers to the fact that the business holds a surety bond. In the case of a mortgage broker, ask if they have a mortgage broker surety bond. If your broker looks at you puzzled and can’t answer the question, it’s probably best to head down the road to your second choice. Insurance refers to the fact that the broker has errors and omissions insurance that will protect you should they make some sort of error (kind of self explanatory!).
The moral of the story is to be a smart consumer and don’t take anyone’s claims at face value. That’s what got us into this mess! At every point in the mortgage process, take a step back and spend a few moments verifying what you’re doing and doing a bit of quick research online. Good luck and happy home buying!
House, Croatia, Exclusive villa with swimming pool in Croatia , beautiful and quiet location with sea view and 1000 m2 garden … 840.000 EUR
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Luxury vila with swimming pool and seaview
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In 2008, former NBA star Latrell Sprewell lost his Milwaukee home to foreclosure and now it looks like he’s facing the same fate for a home in Purchase, NY. According to Lohud.com, Sprewell’s Purchase, NY home will be auctioned off on Jan. 7 at the Westchester County Courthouse for failure to make his mortgage payments.
Sprewell bought the Purchase property in January 2000 for $2.3 million and it was assessed at $5.4 million by the town this year.
Sprewell, who is a four-time NBA All-Star and played for the Golden State Warriors, New York Knicks and Minnesota Timberwolves over a 15-year period, retired in 2005 when no team came forward with what he felt was an attractive offer.
In addition to losing his Milwaukee home in 2008, he also lost his 70-foot yacht, “Milwaukee’s Best,” when U.S. Marshals sold it at auction for $856,000 after Sprewell failed to make the monthly payments of $10,322. The yacht was assessed at $1.5 million.
> See more celebrity foreclosures
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Former NBA Star Latrell Sprewell Faces Foreclosure
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Peoria kicks in an incentive to help the low-income afford housing.
Peoria Adds Incentive For Low-Income Housing Help
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Plot of Land, Poland, Grund 250 m near the Lake … 18.000 EUR
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Grund 250m near the Lake
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The housing market is in recovery. There’s lot of stats to back it up so take your pick:
* Existing home sales are up and supplies are down
* New home sales are up and supplies are way down
* Pending home sales are posting at record paces
And, perhaps, most importantly, the best gauge of the housing market’s health — home values — is showing consistent improvement. Both private-sector Case-Shiller Index and the government’s own Home Price Index showed home prices on the mend.
Excerpted from:
The 2009 Summer Homebuying Season Was Good To A Lot Of States, Ohio And Illinois Included
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House, Greece, This is the sale of an unfinished, two-bedroom house of 110sqm situated in the village of Kavousi. … 120.000 EUR
Credit:
Two bedroom unfinished house on the topside of bea
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