News about properties and real estate
Foreclosure king surfs troubled home waters The South Bay’s reigning King of Foreclosures runs around barefoot, doesn’t own a cellphone and drives an 8-year-old Toyota Tundra pickup. And without looking the part, Leo Nordine, an affable Hermosa Beach-based real estate broker, expects to average one escrow closing a day this year — something that would …
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Divorce can raise deed, loan issues on home Q: I am recently divorced. We had two houses. In the divorce, I got one and he got one. We both signed quitclaim deeds to each other. However, I needed to refinance mine to pay off the bills I accumulated just to get my house back into …
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From Park Avenue to Park Slope If your net worth has taken a hit, it might be time to relocate. Where are you going to go? As thousands of people across the world who work in the financial-services industry and related fields lose their jobs or see their incomes slashed, many of them will be …
The Great Condo Escape Clause Rather than close on condos that are worth less than the purchase price, some investor are turning to the courts to get out of their contracts. Destin real estate attorney Craig Tingle told The Log that while he has seen some local efforts to get out of condo purchases with …
Celebrities among those bilked by Houston lawyer’s scam A case including celebrities such as Tiger Woods and Chuck Norris, plus a $29,000 Rolex watch and the complexity of consolidated subprime mortgage investments ended in Houston on Tuesday with a 22-count guilty verdict against a Houston lawyer. Ted Russell Schwartz Murray, owner of Premiere Holdings real …
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Subprime mortgage, but no foreclosure “You deserve to lose your home.” That’s what David Abel’s father told him when David and his wife, Gloria, bought their Springettsbury Township home. In order to take on the risk of their credit history, the lender offered the Abels a loan with a higher interest rate than the norm …