Bank of America files foreclosure suit against builder Sterling Communities [South Florida] Bank of America is eager to recover $20.5 million it lent to Boca Raton-based developer Sterling Communities to build a luxury community of single-family homes in Lake Worth. But the giant lender, which filed a foreclosure suit in Palm Beach Circuit Court, is …
Monthly Archives: December 2007
No one wins in foreclosure
No one wins in foreclosure Banks losing money; others losing their homes Economic analysis of the current wave of mortgage foreclosures must now yield to the overwhelming feelings of grief and blame as Charlotte County’s construction-dependent economy prepares for a tough 2008. Charlotte County homeowners are being tossed out of their dwellings in record numbers, …
Georgia real estate firm buys Southside office complex
Georgia real estate firm buys Southside office complex Georgia-based Melaver Inc. has purchased an office building at 2101 Highland Ave. on Birmingham’s Southside. Melaver, a sustainable real estate developer, is based in Savannah, Ga., and has an office in Birmingham. The company said in a news release this is the third property in its Birmingham …
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European buyers make December a busy month for Manhattan real estate
European buyers make December a busy month for Manhattan real estate The sidewalks of Manhattan are crammed this month with European tourists on shopping sprees, picking up gifts that cost far less in the United States than they do at home because of the weak dollar. But they are not just crowding into boutiques and …
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Real estate market emerges as top issue in South Korean election
Real estate market emerges as top issue in South Korean election In 30 years as a real estate broker, Chung Doo Hyun says, he has never seen a market behave the way the one in South Korea is behaving today. First, there was the wave of feverish buying that drove housing prices up across the …
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Canadian real-estate markets clinch early record
Canadian real-estate markets clinch early record With one month’s activity still unaccounted for, the Canadian Real Estate Association said Monday that listed residential real-estate transactions in most major markets are already at record levels. Data from the country’s 25 biggest markets show 345,577 sales of existing homes in November through the Multiple Listing Service (MLS), …
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