News about properties and real estate
Too many zeros add up to big problems in Carver County Eric Mattson was not surprised that the small vacant lot he bought last year near the shores of Lake Waconia was increasing in value. What shocked him was the $189 million market value the Carver County assessor’s office came up with for the 55- …
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Feds probe real estate deals Federal agents are investigating real estate deals involving Gov. Rod Blagojevich’s wife as part of a three-year corruption probe into allegations of favoritism and fraud within his administration. Several federal sources familiar with the inquiry confirm that agents are interested in hundreds of thousands of dollars in real estate commissions …
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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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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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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