Archive for March, 2011
Downtown Mart Reopens After Attack On Owner, But It Is For Sale
The Downtown Mart in downtown Chattanooga has reopened after a savage mid-day attack on the owner, but there is a “For Sale or Lease” sign at the front.
Home prices continue to fall in major U.S. cities
In the Seattle metropolitan area, single-family home prices are back where they were in September 2004.
Home price declines deepen in major US markets
Damage from the housing bust is spreading to areas once thought to be immune. In at least 14 major U.S. metro areas, prices have fallen to 2003 levels — when the housing bubble was just starting to inflate.
For Habitat, Foreclosures Small Issue – Wall Street Journal
At a time when most lenders are overwhelmed by crushing caseloads of delinquent home loans and foreclosures, Habitat for Humanity International is telling a different story. Habitat for Humanity is the Americus, Ga.-based nonprofit company that builds …
With short-sale offer refused, foreclosure may end up the best option
Q. We built a spec house in 2007 as the market declined. We’ve tried to do everything to get it sold and recently received a short-sale offer on the home.
Foreclosures’ hidden risk: Debt that haunts for two decades
In Florida, banks have five years to file for a deficiency judgment and up to 20 years to collect.
Builders, banks offer free job-loss insurance to home buyers
The insurance programs would make borrowers’ mortgage payments for up to six months if they become unemployed during the coverage period. Insurance programs that make borrowers’ mortgage payments for up to six months if they lose their jobs during an initial one- to two-year coverage period are gaining popularity. Home builders are offering it to [...]
Borrowers facing foreclosure try dubious ‘sweat equity’ claims
Homeowners facing foreclosure are slapping lenders with multimillion-dollar “sweat equity” claims promoted by shadowy consultants.
Sale of alcohol to minor could mean prison for Callicoon hotel owner
MONTICELLO — Western Hotel owner Joseph Naughton avoided prison when he shot and killed his bartender while drunk and playing with a gun in 2008.
Caravan goes in search of bargain properties
As home sales continue to suffer in South Carolina, one segment of the market is on the rise – foreclosures.