The Mortgage Bankers Association has a piece of good news to deliver to the credit-starved commercial-property industry: The amount of commercial mortgages originated in the first quarter rose 12% from a year earlier.
Mall owner General Growth Properties won a judge's approval for the final mortgage restructuring in its massive bankruptcy case, extending by four years the due date of a formerly contentious loan from lenders led by Citigroup.
Wednesday, May 19th, 2010
When it comes to marketing a home, many people today are choosing to do it without the assistance of an agent. There are many reasons behind this, but the major reason seems to be for financial purposes. A person who sells their own home can in the end make more of a profit. Even though the preparations such as repair or remodeling can be costly, at the end of the deal the seller still comes out on top. Read the rest of this entry »
Wednesday, May 19th, 2010
What is house flipping? Flipping of property is normally done in two ways, one is where you buy the property with the intention to resell it at a profit, without ever occupying it and other option is where you redesign and renovate it and sell it at a profit later. Read the rest of this entry »
Wednesday, May 19th, 2010
The family that controls Henderson Land Development bought a site at The Peak in Hong Kong for $233 million at auction, reflecting strong demand for land in the upscale neighborhood.
Wednesday, May 19th, 2010
Bank of Scotland, a British bank that financed a boom-era, 1,500-acre luxury golf-course community in the Hawaiian city of Kailua-Kona, is suffering a steep loss on the stalled project.
Contractor claims against City Center, the $8.5 billion mixed-use Las Vegas casino project, could jeopardize the project's loan contracts and condo sales, the project said in a recent court filing.
Investors could suffer from higher taxes on investment income and stricter regulation of investment funds as the Continent weighs austerity measures.
To refinance is to pay off your existing mortgage with another one at a lower rate.
A cash out refinance is refinancing your existing mortgage and borrowing some of your equity in a lump sum to use for other purposes. Such as home improvement, college tuition, family vacation, etc. Read the rest of this entry »
Fast-growing Amazon cities are attracting retail developers. By 2011, four of the five biggest Amazonian states will have American-style malls.
