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Minneapolis still battling against vacant properties — even in housing shortage
ByadminMary Lynch, whose property is boarded up, said she can't afford to pay the fee for owning a vacant house in Minneapolis. Nearly 340 residential buildings sit empty and boarded across Minneapolis, despite a severe housing shortage and a steep vacant property fee that has raised $ 20 million for city services over the past…
Lone Star Brewery owner faces foreclosure – again
ByadminThe owner of the Lone Star Brewery is facing foreclosure again – this time, on an abandoned salvage yard on the western border of the brewery, which was supposed to be in the midst of a $ 300 million redevelopment project now but instead sits vacant. less The owner of the Lone Star Brewery is…
Auction of Jasper Mall postponed until Thursday
ByadminA mortgage foreclosure auction of the Jasper Mall was planned for Oct. 11 but was delayed until Thursday. Daily Mountain Eagle file – Ron Harris The Jasper Mall was to be sold in auction at the main entrance of the Walker County Courthouse to the highest bidder on Oct. 11, according to a notice of…
Foreclosures Now – Unicorns’ of Housing Market
ByadminForeclosure filings, which include default notices, scheduled auctions, and bank repossessions, are down 20 percent from the same period a year ago, according to the Midyear 2017 U.S. Foreclosure Market Report from ATTOM Data Solutions. “With a few local market exceptions, foreclosures have become the unicorns of the housing market: hard to find but highly…
Group promising massive redevelopment in Opelousas claims to have loan secured
ByadminThe group promising massive redevelopment in Opelousas returned to the city this week, claiming before the City Council they had secured a $ 4 billion loan for a new airport, manufacturing plant and a “smart city,” among other projects. That means the project can move forward “without the city or its citizens having to pay…
Options for seller financing explored
ByadminMany of today's borrowers, even those anticipating a smooth refinance, are having difficulty qualifying for a loan on their principal residence. Homeowners became so used to the quick turnarounds during the easy money days that they are startled, and often upset, when they can't receive the exact loan they want. Foreclosure News