NewsWatch: Is China’s bear market coming for your retirement?
Americans are still plenty confident in a U.S. economy that's been growing for more than nine years and shows little sign of slowing. The consumer confidence index rose to 127.4 in July.
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Bank pitches receiver’s role at Hermitage properties
ByadminBerkshire Bank has submitted to the court a wish list of responsibilities it wants the receiver to have as he safeguards the Hermitage Club properties until they go to auction in a foreclosure. “The receiver shall file monthly reports with the court that explain the services rendered by receiver in narrative form,” Elizabeth Glynn, attorney…
Fighting Discrimination in the Housing Market Takes a Strong FHA
ByadminIn the classic movie film, “Gone with the Wind,” the owner of the Tara plantation admonished his daughter for remarking that she didn't care about her home. In a sharp rebuke, Gerald O-Hara declared that “land was the only thing worth living for, worth fighting fora worth dying for.” Foreclosure News
Investor claims Midtown skyscraper project runs foreclosure risk
ByadminA real estate attorney who asked to remain anonymous said it's clear the project is in trouble, but predicted it would still be completed. A skinny skyscraper under construction on Billionaire's Row in Midtown is at risk of foreclosure because of “egregious oversights,” including the failure to budget for construction cranes, a new lawsuit charges….
Nevada Legislature Was Good to Homeowners, Nevada Realtors Report
ByadminSo says the statewide Nevada Association of REALTORS , which cited several new laws that should help homeowners, along with some issues that could have hindered them and the real estate industry had they passed. Foreclosure News
New Decision from the D.C. Court of Appeals Recognizes Additional…
ByadminAs we noted in last week's blog post , the District of Columbia Court of Appeals issued a decision on March 1, 2018, that created a new wave of uncertainty for lenders with loans secured by deeds of trust on condominium units in the District of Columbia. In the Liu decision , the court held…
Exclusive: Chinese buyers acquiring Source Mall
ByadminMore than five years after being foreclosed and taken back by its lender, the struggling, mostly vacant Mall at the Source in Westbury has finally found a buyer. A Chinese firm that manufactures and distributes home furnishings, equipment and building supplies is in contract to purchase the 521,486-square-foot mall and plans to turn it into…