News about properties and real estate
Poor Florida. The state that is home to Disney World, key lime pie and the Daytona 500 hasn’t had much to crow about when it comes to real estate in recent years. Sorry to break it to Sunshine Staters, but they shouldn’t be expecting a rebound anytime soon either. That’s according to Local Market Monitor …
Continue reading “The Best And Worst Cities For Home Values In 2011”
U.S. Bancorp and Wells Fargo & Co. lost a foreclosure case in Massachusetts’ highest court Friday that will guide lower courts in that state and may influence others in the clash between bank practices and state real-estate law. The ruling drove down bank stocks. The state Supreme Judicial Court upheld a judge’s decision saying two …
Continue reading “Banks lose pivotal Massachusetts foreclosure case”
Some of the more overlooked changes to the laws affecting condominium and homeowners’ associations that were enacted by the 2010 legislature were the new privacy rights given to members and employees of associations. For condominium associations, the following information about unit owners in the possession of the association are not accessible to unit owners: “Medical …
Real estate: Candy Spelling gets $12-million price break on new penthouse Candy Spelling’s long-pending purchase of a two-story penthouse condominium in Century City closed Wednesday at a reduced price that still made it one of the most expensive deals ever for a Los Angeles condo.The widow of TV mogul Aaron Spelling paid $35 million — …
Continue reading “Real estate: Candy Spelling gets $12-million price break on new penthouse”
Iowa farmland rose in value by 13 percent in the year ending Oct. 1, stimulated by rising corn and soybean prices, according to a survey of bankers by the Federal Reserve Bank of Chicago. Iowa farm values rose by 6 percent in the period from July to October, as corn prices shot up from $3.50 …
Continue reading “Survey: Iowa farmland values rise 13 percent”
For two years, Barry Lancett’s effort to get a loan modification from Wachovia, then Wells Fargo, has consumed him. The 55-year-old father of two physically shakes when he discusses his case and says the effort has distracted him when he should be focused on his job. In his crusade, he has accumulated mounds of paperwork …
Continue reading “Foreclosure battle depletes ex-Wachovia employee”