Overdue mortgages linked to risky loans An explosion in overdue mortgages tailored to home buyers with less-than-sterling credit has driven foreclosure filings to record highs in Massachusetts. These mortgages, known as subprime loans, charge higher interest rates to compensate the lender for the risks associated with customers who have low credit scores or large credit …
Author Archives: Administrator
Ballooning foreclosures tax court clerks, judges [South Florida]
Ballooning foreclosures tax court clerks, judges [South Florida] For months, a ceaseless routine has gripped the St. Lucie clerk of court’s civil office: New mortgage foreclosure lawsuits arrive in unprecedented numbers – huge stacks, some a foot or 2 tall. But as soon as one stack is processed and emptied from the in-box, another dozen …
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A cooling trend in real estate flipping
A cooling trend in real estate flipping If buyers have felt lonely making the sole bids on houses these days, it might be because home flippers, those who buy property with the intention of renovating and reselling quickly, haven’t been as active in the last year. “Flipped” houses, considered by analysts to be those owned …
Real Estate Funds Continue to Show Gains
Real Estate Funds Continue to Show Gains If location is the golden rule of real estate, then many who invest in real estate mutual funds might at times feel as if they’ve stumbled upon a great deal in the fanciest building in town. A big acquisition in the commercial real estate market has led some …
Memo to Shrewd Condo Investors: Buy in Chicago
Memo to Shrewd Condo Investors: Buy in Chicago Any report on the condo development market routinely lists cities such as Miami and Las Vegas as the touchstones of a market gone mad. It’s just as easy to point to Chicago, where conversion of disused and historic office buildings has fueled a resurgent and, some say, …
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Marshals, investors seek Daniel Prewett [South Florida]
Marshals, investors seek Daniel Prewett [South Florida] U.S. Marshals are looking for Daniel Prewett, the Sarasota investment company owner free on $1 million bail for a federal money laundering charge. So are a growing number of local investors like Reagan Leonard, who heard a rumor Prewett had left town and went to the office Tuesday …
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