News about properties and real estate
What’s next for pension funds in the real estate fallout? A California bankruptcy sounds like a bad suspense novel, with themes of falling values, increased costs, missed payment deadlines and enormous acreage that adds scale to the horrifying tale. But it’s the link to the nation’s largest pension fund that makes me wonder what the …
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Renaissance condo to assess owners Water intrusion has led to many lawsuits and a hefty assessment Now, after a series of negotiations failed to produce a settlement, and with a trial date set but still a year away, the association is taking a different tack. It has voted to fix the leaks itself by hiring …
Foreclosures take an emotional toll on many homeowners On a brisk day last fall in Prineville, Ore., Raymond and Deanna Donaca faced the unthinkable: They were losing their home to foreclosure and had days to move out. For more than two decades, the couple had lived in their three-level house, where the elms outside blazed …
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Bankruptcy filings show deep debt of coastal investors [Alabama] Three of Bon Secour Village’s five developers have filed for bankruptcy, putting the already imperiled Gulf Shores development at further risk and illustrating how south Baldwin County’s burst real estate bubble has hit even the most moneyed investors. Cullman brothers Eddie and Josh Canaday — along …
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Lender can’t assume loan, ask for PMI Q: My mother-in-law’s mortgage was sold to another lender. The new lender is asking for PMI, which was not required by her previous lender. She has more than 50 percent equity in her home. She really cannot afford the PMI. Does the new lender have this right? A: …
Family Narrowly Skirts Foreclosure A close look at a how California homeowners pulled off a short sale. The homeowners: April Reed, 35, a real estate agent, and Eric Reed, 38, an electrician. The home: In October 2005, the Reeds bought a house for $294,000 in Chester, Calif., a small mountain community east of Chico, Calif., …
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