News about properties and real estate
Mortgage Mess Hits Home For Nation’s Small Builders In the first wave of the housing crisis, homeowners across the U.S. lost their properties to foreclosure. Now, many of the nation’s small and midsize home builders are on the ropes. Bill Whitlatch, longtime owner of one of the leading home builders here in northeast Ohio, is …
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Builder’s owner files for Chapter 11 [South Florida] The majority owner of Sunland Homes has filed for Chapter 11 protection in the Southern District Court of Florida, leaving the future of its local developments in question. Craig Kelley, an attorney for the Palm Beach County-based Frank E. Young Family Partnership, which owns 51 percent of …
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Agent: Foreclosures mean opportunities [Santa Cruz] After a bank repossesses a home, Sebastian Frey often gets a call. Frey, 37, works at Thunderbird Real Estate in Capitola. Last month, he invited a reporter to join him as he checked on two newly foreclosed properties in the Las Lomas area, just over the Monterey County line. …
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Two Projects in Default Dog Big Home Builders [Las Vegas] Two massive housing developments in Las Vegas, involving several of the nation’s largest home builders, have received default notices on about $765 million in debt, according to one of the partners in the projects. John Ritter, chief executive of Las Vegas-based Focus Property Group, says …
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Make money by buying right in today’s down market Successful real estate investors often say “money is made when you buy.” There is truth to this because real estate values are based on what similar properties are currently selling for. Therefore, buying “under market” gives you potential for an immediate profit. But wait! Exactly what …
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’08 foreclosure rate is on way to a record Foreclosure action in the first two months of 2008 was nearly three times greater than at the same time last year in Manatee, Sarasota and Charlotte counties. The 3,683 legal actions so far this year — actual lender takeovers, notices of delinquency and other advance warnings …
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