Kohlberg Kravis Roberts & Co., one of the original buyout shops, has long resisted getting into real estate. But after years of watching rivals invest billions of dollars in property, KKR finally is making its own big push. The firm’s $196 million acquisition last week of a Chicago-area shopping mall kicked off what is expected …
Category Archives: General
For Some, ‘Frustration’ Over Mortgage Settlement
Earlier this month, a judge approved a settlement between five major banks and nearly all of the state attorneys general. The banks admitted to taking shortcuts — or “robo-signing” documents — as they pushed through some foreclosures.Most of the $25 billion settlement is supposed to go toward reducing mortgage payments for some troubled homeowners. But …
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New State Property Tax Rule May Surprise Homeowners
Thousands of Florida homeowners may soon be in for a rude awakening: appeals to reduce their property assessments will be automatically tossed out if they have not paid most of their property tax bill by March 31. A new state law passed last year requires homeowners who challenge their property tax valuations to pay at …
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Is now the time to become a landlord?
Scott Best turned his first home into a rental house after moving into something bigger. Now, he’s about to buy a house specifically as an investment for the first time. “The time is right, in my opinion anyway,” he said this week. “The property values are as low as they’ve been for a long time, and …
W.Va. mortgage victims might get more than $2,000
Chief Deputy Attorney General Fran Hughes said West Virginia residents who were affected by the recent multistate mortgage settlement might see more than $2,000.State attorneys general, federal officials and the country’s five largest mortgage servicers reached a $25 billion settlement. West Virginia is set to receive about $33 million of that money. Of that, an …
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Jennifer Lopez Loses Her Brickell Condo to Foreclosure
Jennifer Lopez is the latest victim of Florida’s foreclosure crisis. The condo in the Icon Brickell building she was shacking up in with her latest younger lover, Caspar Smart, has now been bought up out of foreclosure by someone else and Lopez will have to move out according to Gossip Extra. Don’t worry about J.Lo’s …
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