News about properties and real estate
Novato the mortage meltdown epicenter of Marin [Northern California] Kids romping on lawns and workers trimming hedges belie the gloom that hovers over the sprawling Parkhaven complex bordering Miwok Park in northwestern Novato. “For sale” signs are plastered in some windows as 10 residences in the 104-unit development are on the market as foreclosures or …
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Glut in housing, lack of tenants mean better deals It’s a good time to look for an apartment. Lee County landlords have begun slashing rents and using other incentives to boost sagging occupancy rates brought on by a limp economy. “It’s a smorgasbord of concessions,” said David Malt, broker for Malt Realty, a Fort Myers-based …
Foreclosure defense buys homeowners time Homeowners facing foreclosure are hiring lawyers to defend them in court against their lenders, during which time they can stay in their homes without paying a cent. As foreclosures continue to mount, borrowers who have run out of options are turning to attorneys to fight back — and they’re living …
Investors Hunt For Bank-Owned Property Bargains In Packs One man’s castle is another’s commodity. Investors, alone and in groups, are negotiating volume deals to buy bank-owned homes and defaulted first mortgages at deep discounts. It’s a new twist in an upside-down real estate market. Forget negotiating with a bank for one repossessed house — too …
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Bottom’s Up: This Real-Estate Rout May Be Short-Lived A few years ago, an acquaintance sent Wellesley College economist Karl “Chip” Case a T-shirt depicting a cartoon of a smiley-face house surrounded by soap bubbles, called “Mr. Housing Bubble.” But it was the words captured in a comic-book cloud on the shirt that gave this otherwise …
Condo owners can be caught up in market downturn When the real estate market boomed between 1995 and 2005, speculation ran rampant. Property “flippers” were rolling over huge profits, selling their contracts for condos in new buildings before they were even built. Just like the game of musical chairs, the music stopped and someone was …
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