The former owners of a key Pacific Avenue parcel leveled by the Loma Prieta earthquake have threatened to re-open a six-year-old lawsuit involving the city if they don’t receive money or property outlined in a condemnation settlement that has cost developers more than $2 million. The demand from the Lau family for $700,000 or two …
Author Archives: Administrator
KKR Makes Push Into Real Estate
Kohlberg Kravis Roberts & Co., one of the original buyout shops, has long resisted getting into real estate. But after years of watching rivals invest billions of dollars in property, KKR finally is making its own big push. The firm’s $196 million acquisition last week of a Chicago-area shopping mall kicked off what is expected …
For Some, ‘Frustration’ Over Mortgage Settlement
Earlier this month, a judge approved a settlement between five major banks and nearly all of the state attorneys general. The banks admitted to taking shortcuts — or “robo-signing” documents — as they pushed through some foreclosures.Most of the $25 billion settlement is supposed to go toward reducing mortgage payments for some troubled homeowners. But …
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New State Property Tax Rule May Surprise Homeowners
Thousands of Florida homeowners may soon be in for a rude awakening: appeals to reduce their property assessments will be automatically tossed out if they have not paid most of their property tax bill by March 31. A new state law passed last year requires homeowners who challenge their property tax valuations to pay at …
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Is now the time to become a landlord?
Scott Best turned his first home into a rental house after moving into something bigger. Now, he’s about to buy a house specifically as an investment for the first time. “The time is right, in my opinion anyway,” he said this week. “The property values are as low as they’ve been for a long time, and …
W.Va. mortgage victims might get more than $2,000
Chief Deputy Attorney General Fran Hughes said West Virginia residents who were affected by the recent multistate mortgage settlement might see more than $2,000.State attorneys general, federal officials and the country’s five largest mortgage servicers reached a $25 billion settlement. West Virginia is set to receive about $33 million of that money. Of that, an …
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