Archive for May, 2011
Developers cash in on tax breaks in vogue neighborhoods
In just the past three years, for-profit apartment developers, often building in vogue neighborhoods, have received nearly $100 million in tax breaks. That isn’t what the city intended when it created the program in 1998 to encourage new apartments in the city’s poorest neighborhoods.
Home-price index at lowest point since 2006 bust
Home prices in major areas have reached their lowest level since the housing bubble burst in 2006, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy.
GoFightForeclosure.com Reveals Six Moves That Stall Home Foreclosure Indefinitely – PRLog (free press release)
PRLog (Press Release) – May 30, 2011 – (Atlanta, Georgia) — Go Fight Foreclosure System™ GoFightForeclosure.com today announced six moves that stall home foreclosure indefinitely. Citing in a perfect world banks would never knowingly foreclose on …
Sale of FitzPatrick property approved – Irish Times
Approval for the sale was granted by Ms Justice Elizabeth Dunne … and the three-bedroom house in Bray. He is joint owner of his family home, another house in Greystones, Co Wicklow, and an apartment in Marbella, Spain, and he is estimated to have …
Thrashers’ sale could be complete this week
The Atlanta Thrashers’ sale to a group which would move the team to Winnipeg could be complete this week, possibly as early as Tuesday. The Thrashers’ owners are in negotiations with True North Sports and Entertainment, which would relocate the team to Winnipeg. The Stanley Cup final between Boston and Vancouver begins on Wednesday.
IRS does poor job of handling homeowner tax credit programs
An audit showed the IRS was unable to verify key requirements for eligibility. Many people who claimed tax credits for installing energy-saving equipment and materials in their houses showed no evidence of owning a home. Can the Internal Revenue Service handle tax credit programs that pump out billions of dollars to homeowners and buyers? A [...]
Foreclosures account for a third of home sales
Foreclosures account for a third of home sales
Gardening is an athletic endeavor for Nan Paris
From her participation in the Tacoma unit of the Washington Park Arboretum to tending the gardener’s own half-acre hillside in University Place, Paris’ exuberance is unflagging.
Foreclosures change the local housing market
Foreclosures have created a housing market that is attractive for investors and first-time homebuyers but harder for sellers to move properties that aren’t lender involved, say Hamilton and Middletown Realtors.Those Realtors and real estate experts say because the housing market is swamped with foreclosures, it’s taken a drag on home values, sales and new building [...]
Bipartisan support for scrapping Fannie, Freddie draws criticism
To many Republicans and the Obama administration, Fannie Mae and Freddie Mac, the government’s mortgage giants, are ill. But rather than healing them, both sides agree that the companies should be left to die and that their support for the housing market should wither away.
