News about properties and real estate
Centereach woman’s home foreclosure is reversed She’s already been home for the holidays. Now, all Janet Beck needs to make that home officially hers again is a new loan in the new year. Three months ago, Beck’s home on Alden Lane in Centereach was foreclosed upon, even after she said she did everything she was …
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Dealing with those holdover tenants The question of “holdover” comes up often with commercial properties that we manage for our owners. This will occur when the original lease agreement has expired or terminated and the tenant does not have any option to renew contained in their original lease agreement. In its simplest definition, it is …
Banks big buyers at Prewett auction Energy levels were high at former investment adviser Daniel Prewett’s Dec. 13 bankruptcy auction. The Osprey Inn was bursting with more than 500 people, and the night concluded with all properties on the block being sold. At first, it seemed the auction was revealing something about the real estate …
Retirement plan interrupted When Patty Marquez graduated from the University of Minnesota more than five years ago and moved to Southern California, she thought about buying a house. But with prices already sky-high in the Southland market, “I was scared,” says Marquez, now 31. So she rented for more than four years. But all along, …
Foreclosing on Christmas For the Debora family, the holiday season usually means making tamales and opening presents under the Christmas tree. But there’s no Christmas tree this year. Probably no tamales either. The four family members are trying to save their Boyle Heights home from foreclosure. “It doesn’t feel like Christmas,” Maria Debora said in …
The Swiss are home free “My house is just a huge expensive brick weighing me down”, writes a homeowner on a Swiss political blog. His attitude is common in Switzerland, a country where levels of home ownership are almost half that of Australia. Switzerland is a wealthy nation of renters. In light of housing affordability …