Real estate a trap for metro Atlanta couple

Real estate a trap for metro Atlanta couple When housing was hot and credit easy, Nadege Adam and Jude Valles gorged. Together and separately, the couple bought a five-bedroom house in Smyrna, a condominium in Smyrna for his mother and another condo at an intown development that was creating a lot of buzz at the …

Even luxury real estate projects falling into foreclosure

Even luxury real estate projects falling into foreclosure The rains fall on the just and the unjust. And foreclosures happen to the high end and mid-range of the real estate market. Earlier this month, Regions Bank filed a foreclosure lawsuit against Polo Field Estates LLC, developer of the luxury Azura community in suburban Boca Raton. …

O.C. house prices seen rising in 2013 [Southern California]

O.C. house prices seen rising in 2013 [Southern California] From where Evan Gentry sits, Orange County’s housing market looks pretty grim. Gentry, 37, heads Ladera Ranch-based G8 Capital, a company he founded last year to invest in troubled loans and foreclosed homes. As someone who constantly looks at the things lenders are trying to ditch, …

New-home prices keep falling in Orange, Osceola, Seminole [Central Florida]

New-home prices keep falling in Orange, Osceola, Seminole [Central Florida] Prices for new single-family homes in the Orlando area continue to fall and will likely keep falling for months to come, according to the latest report by Charles Wayne Consulting Inc. in Maitland. The average price paid for a new production-built home — not a …

New Florida condo law is about to take effect

New Florida condo law is about to take effect In a situation that might qualify as a “be careful what you wish for” tale, several new Florida laws related to condominium insurance policies are slated to go into effect Jan. 1. The problem is they are essentially unworkable as currently written — leaving many condo …

Promises of help with mortgages, but foreclosure is still most likely outcome

Promises of help with mortgages, but foreclosure is still most likely outcome Federal and state officials, eager to stabilize the housing market, have leaned hard on mortgage companies to honor their pledges to help more homeowners avoid foreclosure. But in California at least, the mounting pressure has so far produced only modest results, according to …