As Colorado Springs' economy and housing market improve, the city's foreclosure woes continue to diminish, according to a report released Tuesday by CoreLogic, a California-based housing data firm. In August, 0.2 percent of Springs-area properties with a mortgage were in some stage of foreclosure, CoreLogic's latest report shows.
The Colorado attorney general's office was so haphazard and reckless in its failed pursuit to prove former foreclosure king Larry Castle and his law firm had defrauded thousands of consumers that a judge has ordered it to pay his attorneys' tab an amount that easily could toll into the millions of dollars. Denver District Judge…
A recent American Banker article speculated about financial system weaknesses that might lead to the next economic crisis. Some of the issues on the list, like student debt, seem unlikely to lead to a crisis but are more likely to re-emerge as a serious problem for the financial sector once an economic downturn occurs. Foreclosure…
The following is a summary of our recent interview with Kathy Fettke on our Lifetime Income podcast, which can be accessed on our site here or on iTunes here . Real estate has been one of the best investments over the last 6 or 7 years, but with the Fed intent on raising interest rates…
A Pennsylvania mall that was foreclosed on after its owners failed to repay $ 143 million is now seeking to cut its property tax value from $ 138.3 million to $ 10.1 million. The Pittsburgh Post-Gazette reports the owner of the Galleria at Pittsburgh Mills, Morgan Stanley Capital, last week appealed the county's refusal to…
An entity controlled by Rallye Auto Group was the high bidder at a foreclosure auction last month to purchase the two buildings, 125 and 131 Jericho Turnpike, according to real estate sources. Constructed in 1967, the five-story buildings, which total 103,580 square feet on close to 4 acres, are about 75 percent occupied. Foreclosure News
Five barriers to homeownership are identified in a new study released on Friday by the National Association of Realtors . The white paper, titled “Hurdles to Homeownership: Understanding the Barriers” was prepared for NAR by the Rosen Consulting Group and examines why, “Despite steadily improving local job markets and historically low mortgage rates, the U.S….
