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 …
Category Archives: Real Estate
Best Blue-Chip Real Estate Investments
Best Blue-Chip Real Estate Investments While gambles on up-and-coming neighborhoods and new developments paid off for many real estate investors during the boom, housing markets across the country are now awash with unsold condos and suffering from sluggish sales. But this is not the case for homeowners in so-called “blue chip” neighborhoods. Properties in these …
Real estate industry bill introduced [New Zealand]
Real estate industry bill introduced [New Zealand] Legislation that creates an independent real estate industry watchdog with the power to impose stiff fines and ban “land sharks” has been introduced to Parliament. Associate Justice Minister Clayton Cosgrove wants the changes in law by early next year and today’s introduction puts the bill on track for …
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Lennar unloads 8,300 residential lots
Lennar unloads 8,300 residential lots [Tampa Bay Florida] Metro Development Group is getting a hold of nearly 4,000 acres of land in seven counties after completing its largest land purchase in company history. Metro, based in Tampa, is buying nearly 4,900 home sites in Pasco, Hillsborough, Polk and Sarasota counties as well as 3,400 other …
Growing number of foreclosures creates a new scam
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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It’s a condo conundrum [Central Ohio]
It’s a condo conundrum [Central Ohio] The “for lease” signs are going up at central Ohio condominium complexes, to the chagrin of owners who paid full price to buy there. Developers who have been trying to sell condos in a weak real-estate market now are offering to lease them with the option to purchase, while …