News about properties and real estate
Texas Rangers Owner Tom Hicks Sells House in Aspen Area Texas Rangers owner Tom Hicks, whose Hicks Sports Group is in default on $525 million of debt, sold his three-acre, Aspen-area estate to Howard M. Jenkins, the former head of the Southeastern Publix Super Markets chain, for $18.5 million. Besides the baseball team, which Mr. …
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Loan-modification hassles frustrate Oregon homeowners Lost paperwork, unreturned messages and conflicting information are magnifying the misery of homeowners in distress. Requests to modify home loans and reduce mortgage payments, relatively uncommon a few years ago, have surged as borrowers struggle to avoid foreclosure. Many people requesting changes in their home loans say they’re getting the …
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Former Naples Realtor sentenced to probation in mortgage scam [South Florida] A former Naples Realtor has been sentenced to three years of probation and has been ordered to pay nearly $2.4 million in restitution for her role in an $11 million multi-state mortgage scam. Margaret Giresi, 70, pleaded guilty to conspiracy on Sept. 14 in …
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Palm Bay Towers residents at war over windows [South Florida] Shortly before the Christmas holidays, residents of Miami’s landmark Palm Bay Towers condo — a bastion of privilege where the monthly maintenance fee exceeds most folks’ mortgage payment — found a letter taped to their doors outlining what one unit owner later called “extremely unpleasant” …
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Barbary Coast – A Foreclosure Crisis Rooted, the Family Says, in Predatory Lending Giuseppa Bagnarol, 82, was in her final hours in August, dying at home surrounded by the large family she presided over as matriarch. They gathered to say goodbye at the bucolic Redwood City retreat Mrs. Bagnarol had created — a compound of …
Condo mortgages could be easier to get under Fannie Mae program Florida condominium loans could be easier to get under a program announced Thursday by government-run mortgage company Fannie Mae. The company has named a team of six employees to review hundreds of condo projects statewide that may not meet Fannie Mae’s eligibility criteria for …
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