News about properties and real estate
Why Florida’s Foreclosure Machine Is Slowing Down At the George E. Edgecomb Courthouse in Tampa, Judge Sandra Taylor presides over one of the special courts set up to help work through Florida’s backlog of foreclosure cases. Sitting at a desk in a fifth-floor conference room, with a court assistant and a cart stacked with manila …
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What began as scattered accusations of shoddy paperwork and fudged documents is mushrooming into a full-blown crisis threatening to derail the foreclosure process across the country. Bank of America on Friday became the first big bank to temporarily halt foreclosures in all 50 states while it reviews hundreds of thousands of cases for potential paperwork …
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10 Best and Worst Markets for Real Estate Investors – Developments Tulsa, Okla., Albany, N.Y. and San Diego, Calif. have shot onto the list of the 10 best markets for conservative residential real-estate investors, according to an updated report by Local Market Monitor, Inc. Since its earlier ranking in August, Phoenix and Naples, Fla. are …
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J.P. Morgan Chase and GMAC Mortgage halt sales Homeowners facing eviction due to foreclosure proceedings can rest easier for the moment. Following several adverse court decisions throughout the country and the Florida Attorney General’s well publicized investigation into the Florida Default Law Group, the Law Offices of Marshall C. Watson, P.A.; the Law Offices of …
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China is set to see a wave of demand for quality commercial real estate as insurance companies are allowed for the first time to invest in the sector, real-estate consultancy Jones Lang LaSalle Inc. Chief Executive Colin Dyer said Monday. In August, China’s insurance regulator announced a long-awaited revision to its rules, allowing insurance companies …
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Good news, bad news on foreclosures Banks are repossessing distressed homes at an increasingly fast pace, but fewer homes are falling into delinquency, a sign that the region’s foreclosure crisis has entered a new phase. In August, lenders reclaimed 4,417 homes in South Florida, up 96.7 percent from the same month last year when banks …