News about properties and real estate
Growing number of foreclosures creates a new scam J.D. Smith’s desperate bid to keep his Roxbury condo comes as a cautionary tale for the rapidly growing ranks of Massachusetts residents facing foreclosure. Last summer, Smith sold his home for $1 in a deal arranged by National Foreclosure Centers, a Florida company that wooed him with …
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It’s a condo conundrum [Central Ohio] The “for lease” signs are going up at central Ohio condominium complexes, to the chagrin of owners who paid full price to buy there. Developers who have been trying to sell condos in a weak real-estate market now are offering to lease them with the option to purchase, while …
Levitt and Sons’ bankruptcy leaves Orlando-area buyers without homes The financial collapse of one of America’s legendary home builders has left people throughout Central Florida stuck with unfinished houses, liens against their properties, unopened clubhouses and community pools, and warranties that could be worthless. Many of the victims, scattered throughout the Southeastern United States, don’t …
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China limits foreign investment in real estate, other key areas China’s economic planning agency has issued restrictions on foreign investment in real estate and other industries, part of a range of measures aimed at righting imbalances in the economy. A lengthy list of revised rules that take effect Dec. 1 imposes bans on foreign investment …
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Govt plans real estate industry shake-up [New Zealand] A major shakeup of the real estate industry will see the creation of an independent watchdog with the power to impose stiff fines and ban “land sharks”. The planned legislative changes, announced by Associate Justice Minister Clayton Cosgrove today, have been spurred by criticism of the current …
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Scoop: Real Estate Industry Revamp Good For Kiwis New Zealand First’s housing spokesperson Pita Paraone has welcomed the real estate industry revamp which will offer better protection and compensation for consumers who are ripped off by real estate agents. “For too long there has been insufficient redress for Kiwis who have suffered emotional and financial …
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