News about properties and real estate
At Estates of the Fabulously Rich, Gilded Era Is Going, Going, Gone Richard and Amanda Peacock spent five years building their dream home, a 10,000-square-foot, orange mansion overlooking the ocean here. They filled it with leopard-skin chairs, pinball machines, antique Coca-Cola signs and six sports cars. It had a room full of 100 hunting trophies …
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L.A. may test loan program for troubled Pacoima homeowners [Southern California] The Los Angeles City Council is poised to vote today on a plan to help distressed homeowners in the northeast San Fernando Valley by putting up city money for “silent second mortgages” that could encourage financial institutions to modify home loans. The pilot program …
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Corus Has Buyers for Its Condos: Vultures Corus Bankshares Inc.’s recent warning that it could be placed into receivership by federal regulators has set off a scramble among real-estate investors who hope to pick up the lender’s nonperforming loans. The Chicago-based firm, which became one of the leading lenders to high-end condominium towers from Miami …
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Home Prices Continued Their Decline in February Phoenix has achieved the unwelcome distinction of becoming the first major American city where home prices have fallen in half since the market peaked in the middle of the decade, according to data released Tuesday. Though historical statistics are scant, experts said the precipitous decline probably had few …
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Bidders find bargains at foreclosed homes auction Diana Alebord knew what she wanted – a three-bedroom, two-bath house – and she had three properties in mind. The 45-year-old Sarasota woman drove to Tampa, hoping to find a bargain at an auction of foreclosed homes held Tuesday night at the Tampa Convention Center. The auction, hosted …
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Miami condo corridor’s woes create boon for renters It’s not hard to get Regan Marock to gush about his rental unit in a twin-tower luxury building in the heart of Miami’s high-rise corridor. The two-bedroom condo has stainless steel appliances, a jetted tub and dazzling views of the city — not to mention the two …
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