News about properties and real estate
County judge accuses friend of fraud in real estate deal An Allegheny County judge accuses a longtime family friend of defrauding him out of more than $500,000 in phony Florida real estate deals, according to his lawyer and a federal lawsuit made public Friday. Common Pleas Judge Robert P. Horgos, 60, of Sewickley Hills claims …
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Walk the line — or walk away [Northern California] Josefa Ramirez and her husband, Juan Carlos, both 43, spent 10 years moving in and out of San Francisco apartments before buying their two-bedroom, one-bath Antioch home in 2006 for $375,000. “It took almost two years to raise our credit score,” she said, but finally they …
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A bank on life support [South Florida] First Priority Bank is certainly not the only local bank suffering from the popping of the real estate bubble and a meteoric rise in foreclosures. But First Priority has been impacted far more than its Southwest Florida peers. The bank reported $33.8 million in problem loans at the …
Not all real estate agents are suffering For many real estate agents, these aren’t exactly the best of times. Don’t put David McIlvaine in that category. The suburban Baltimore broker just had his best first quarter ever. With his business tripling over the past year, McIlvaine recently had to hire another staffer and buy more …
What’s next for pension funds in the real estate fallout? A California bankruptcy sounds like a bad suspense novel, with themes of falling values, increased costs, missed payment deadlines and enormous acreage that adds scale to the horrifying tale. But it’s the link to the nation’s largest pension fund that makes me wonder what the …
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Foreclosures take an emotional toll on many homeowners On a brisk day last fall in Prineville, Ore., Raymond and Deanna Donaca faced the unthinkable: They were losing their home to foreclosure and had days to move out. For more than two decades, the couple had lived in their three-level house, where the elms outside blazed …
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