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Month: July, 2009

A Warehouses Gamble Sours in Phoenix

31 July, 2009 (09:20) | WallStreet Journal, free | By: WSJ.com: Real Estate

Almost a dozen giant warehouses sit silent and empty in Phoenix, relics of the city's dashed dream to become a national distribution hub.

Receivers’ Catch: Foreclosures

30 July, 2009 (15:14) | WallStreet Journal | By: WSJ.com: Real Estate

Some banks are starting to bypass foreclosure on large, troubled real-estate developments and instead are throwing the properties into receivership.

Borrowers to Banks: Show Me the Money

30 July, 2009 (09:41) | WallStreet Journal | By: WSJ.com: Real Estate

Developers battling banks to keep funding spigots open on construction projects are taking heart from Citgroup's defeat in its court battle with a mall.

SEC Alleges Mortgage Fraud

30 July, 2009 (09:33) | WallStreet Journal | By: WSJ.com: Real Estate

The SEC sued four individuals for alleged fraud in connection with raising over $197 million from at least 900 investors nationwide in connection with a Phoenix-based commercial real-estate venture.

Vornado to Raise Funds Via TALF

30 July, 2009 (09:33) | WallStreet Journal | By: WSJ.com: Real Estate

Vornado plans to raise up to $600 million, in a key test of TALF's ability to revive the market for commercial mortgage-backed securities.

Are you worried about foreclosure?

23 July, 2009 (21:18) | Discussion | By: Richard

Wouldn’t it be nice if you could AUDIT YOUR MORTGAGE LENDER?

You may be victim of FRAUD or PREDATORY LENDING. Your lender may have over charged you.
A Forensic Loan Audit can find VIOLATIONS that may help you force a settlement with your lender and potentially lead to a reduction in your principal balance and/or interest rate.

Check out our friends at Home Defense Team. HDT uses very skillful techniques to uncover potential violations and underhanded tactics.  If you think you were a victim and cannot get out from under your mortgage, check out their website and give them a call. They give you the ammunition you need to confront your lender.

http://www.homedefenseteam.com/

How are we doing in the housing market? Oh…

23 July, 2009 (17:04) | Discussion | By: Richard

Foreclosures Rise 15% In First Half of Year
The number of U.S. households on the verge of losing their homes soared by nearly 15 percent in the first half of the year as more people lost their jobs and were unable to pay their monthly mortgage bills.

The mushrooming foreclosure crisis affected more than 1.5 million homes in the first six months of the year, according to a report released Thursday by foreclosure listing service Tap into millions of public records, notices and articles on The Daily News.

Read more »

Firms See Future in Smart Homes

23 July, 2009 (08:28) | WallStreet Journal | By: WSJ.com: Real Estate

Hi-tech homes are an idea as old as the Jetsons. But some big companies are betting that the reality will soon catch up to the vision.

Firms See Future in Smart Homes

23 July, 2009 (08:28) | WallStreet Journal | By: WSJ.com: Real Estate

Hi-tech homes are an idea as old as the Jetsons. But some big companies are betting that the reality will soon catch up to the vision.

Mall Owner Prepares TALF Deals

23 July, 2009 (03:49) | WallStreet Journal | By: WSJ.com: Real Estate

Shopping center giant Developers Diversified Realty is working on raising $600 million through two bond sales.