News about properties and real estate
Investors returning to Inland housing scene After retreating in fear from housing’s sudden collapse, those who buy homes as an investment are reappearing in Inland Southern California’s beaten down marketplace. Sharply discounted foreclosed properties are luring back the first wave of professional investors and amateurs, both those hoping to “flip” for a quick buck and …
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Retirees find second career as landlords Some retirees have found the perfect second career: Landlord. At a time when stock investments are uncertain and many homes are not selling, some retirees and near-retirees are keeping their money in rental property and banking on a steady second income. “Real estate can be a wonderful asset to …
Resort developer Ginn Cos. to liquidate 2 projects The credit crunch and slumping real-estate sales have forced struggling Central Florida-based resort developer and operator Ginn Cos. to file to liquidate assets in two of its Florida residential projects, the upscale Tesoro development in Port St. Lucie and Quail West, near Naples. Ginn, based in Celebration, …
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Scams preying on struggling homeowners Valley homeowners facing foreclosure have something else to worry about: Firms and people who offer help but instead steal their money. The Arizona Attorney General’s Office and state regulators are receiving a growing number of complaints about individuals and companies that promise to help people keep their homes for a …
REIT Moves Rub Executives Wrong Way As if life wasn’t tough enough for chief executives of real-estate companies struggling with the recession, they are also having to cope with price swings in their stocks, which normally are relatively stable. That is making it harder for them to do deals, raise capital, attract institutional investors and …
Economic crisis forces people who’ve never needed help to ask After eviction, Sarah is just grateful for a hot shower. Leilani, once a mortgage-company manager, now can’t afford toilet paper. Eric, who used to buy his children expensive gifts, hasn’t told them that he is staying in a homeless shelter. Sarah, Leilani and Eric are …
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