Five years ago, one of the most destructive natural disasters in our nation's history hit the Gulf Coast. When they hit the coasts of Louisiana and Mississippi, Hurricanes Katrina and Rita took thousands of lives, displaced millions of residents, wiped out hundreds of square miles of coastal land, and inflicted major damage to nearly 300,000 homes....Read More
WASHINGTON - U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today awarded nearly $312 million to 13 states to invest in efforts to reduce the human, physical, and economic toll of future disasters. The grants announced today are provided through HUD's Disaster Recovery Enhancement Fund (DREF) and are intended to encourage states t...Read More
WASHINGTON - The U.S. Department of Housing and Urban Development announced today that it is making $189 million in grants available to transform public and assisted housing and to revitalize communities. Appearing in today's Federal Register are the Notices of Funding Availability, the federal application, for two revitalization initiatives: The C...Read More
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today announced that it is charging Testa Family Enterprises, LTD, owner of Royal Arms Apartments in Ravenna, Ohio, and the complex's manager with housing discrimination for allegedly refusing to rent certain apartments to families with young children. HUD's charge alleges that...Read More
SIOUX FALLS, SD - U.S. Housing and Urban Development Secretary Shaun Donovan traveled to a Native American community in South Dakota today to announce $65 million in available funding to support a variety of community development and affordable housing production in Indian country throughout the U.S. Donovan made the announcement following a tour o...Read More
Properties meant for commercial purposes are facing their own share of problems since listing of foreclosed and repo homes is on the rise in Charlotee of North Carolina. Of late, EpiCenter entertainment complex, situated in residential area of the city, is facing foreclosure problems.
Many foreclosed homes in [...]
The foreclosure procedure commences when the owner of a home is not in a position to make mortgage payments on the loan availed. Hence, the government lender or the bank, who is responsible for the loan, will try to collect the remaining amount that has not been paid, by [...]
The statistical graph of 2010 exhibits the growing surge of foreclosure across the United States, which encompasses the majority of Texas, especially the northern area of the state, considering that Dallas-Fort Worth is known for a record number of foreclosure filing in June 2010. The recent reports [...]
Amidst the housing market crisis worldwide, the state of Florida suffered a massive setback with growing number of bank owned foreclosed homes pulling down the property value in the area. Notwithstanding this problem, officials from Broward county foreclosures and Miami-Dade counties have given prior warning to property owner...Read More
Very recently, a research report has pointed out that the mortgage loans of Hispanics and Latinos in California have a greater possibility of ending in foreclosure than other groups. A non-profit organization report states that property owners from Latin America will very soon be seen offering their dwellings for [...]
As per the data from the office of the court clerk, the number of bank owned property listings in Rowan County has increased by 183 as compared to the same time previous year. Close of July 2009 recorded 362 cases of legal proceedings while the number shot up to [...]
A survey carried out by Austin-based University in Texas revealed that foreclosures, whether they are bank owned property listings such as those of Citibank foreclosed houses or government legal proceedings or other kinds of distressed homes, do not directly result in higher crime rates as majority of [...]
Some home buyers of New Jersey, these days, are attracted by the cost effective foreclosed properties. The reason behind this is that, recently, Governor Chris Christie has prohibited the buyers to get hold of a newly constructed house with a tax credit payment of an amount of [...]
Habitat for Humanity which is a non-profit organisation, concerned with construction of new dwellings, is restoring pre foreclosure and foreclosed homes in Detroit in Michigan, with the aid of federal funds of Neighbourhood Stabilization Program or NSP. Through the whole of the U.S, federal launched an initiative in [...Read More
People investing in and purchasing repo properties were likely to get better concessions in the month of May 2010. Latest statistical reports about the housing market, clearly states that the purchasers were offered an average discount of 27%. Comparing to the month of May 2009, the rate [...]
In two short days, the current First-Time Homebuyer Tax Credit is up for renewal. This Friday, November 6th, a bill extending this popular tax credit goes to full vote in the House of Representatives for approval. Already approved by the Senate, this bill would extend the current $8,000 tax credit for first time homebuyers until April 1st, 2010...Read More
The S&P/Case Shiller index released yesterday, September 29 is a major indicator of national and regional home price movement. The new values for August displays the 6th consecutive month of improvment in home prices across the country from a low point in February/March. In our region, it is the 3rd consecutive month of improvment for [......Read More
Wow, a lot has happened since I’ve had a chance to post. First a few updates: 2009 has been an interesting year. There have been ups and downs in the real estate market just like with everything else. We started the year with a high rate of foreclosures and short sales. While these remain higher [......Read More
Technology has been transforming the real estate industry. Less than a decade ago, finding homes for sale on the internet was a waste of time. Today, the internet is where it’s at. When I developed my business strategy years ago, I decided that one of the most important things was to always be on the [......Read More
Over Memorial Day weekend, my wife and I were first-time attendees at the annual Flavors of Greece Festival presented by St. Athanasios Greek Orthodox Church in Aurora. This two-day festival is held at the Kane County Fair Grounds in St. Charles and brings together the sights, sounds and flavors of everything Greek.
It’s no secret that [......Read More
Sugar Grove has a reputation of being the “next” community on the forefront of development pushing outwards from Chicago. For the most part, it’s still known as a small farming community. However, in The Lakes of Bliss Woods, what they’re growing are beautiful and stylish custom homes. Located in the northeast part of t...Read More
I wanted to dedicate a post today to all of our nation’s heroes both past and present. We are who we are today because of the actions of our armed forces in unceasingly defending our country. The men and women who have died defending our nation and those that have served both overseas and here [......Read More
The Tanner Trails subdivision located off of Tanner Road in North Aurora is finally nearing completion despite a bankruptcy filed by the primary builder – Neumann Homes in October 2007. Many residents were concerned with the unfinished status of several of the streets and parks. However, in a decisive move, the Village of North Aurora [......Read More
Buyers really have it good in today’s market. In some cases, too good. I have found in several circumstances that the extreme number of homes on the market right now is causing an interesting problem. The wide selection of choices available is causing some buyers to get “burnt out” of house hunting.
The problem begins with [......Read More
If you’re shopping in the $400-500,000 range, you really have the run of the store. You can pretty much choose your community, area and style of home. If a new home is on your shopping list, you might want to consider one of the custom homes located in The Reserves at Tanner Trails in North [......Read More