“Last month, we waited to see how the market would react to the Bank of Canada's latest interest rate hike and the B.C. government's tabling of their speculation tax,” said Marv Beer, president of the Okanagan Mainline Real Estate Board. However, it's a shock after the sellers' market earlier this year that saw homes sell […]
Foreclosure / Attorneys' Fees: where borrower prevailed on argument that dismissal of foreclosure action was required as bank was not entitled to enforce a mortgage contract containing a fee provision, but bank was successful in enforcing deed agreement against borrower, borrower was not a “prevailing party” and was precluded from recovering fees based on provision […]
Consumers should expect home sales to flatten and home prices to continue to increase, though at a slower pace, according to a 2019 housing and economic forecast presented at the 2018 National Association of Realtors Conference & Expo held in Boston early this month. Lawrence Yun, chief economist with the National Association of Realtors, said […]
The Federal Housing Administration's 2018 audits revealed that losses from real estate reverse mortgages destroyed about a third of the taxpayer-guaranteed insurance reserves. The FHA Mutual Mortgage Insurance Fund on November 15 reported an $ 8 billion profit with a $ 1.26 trillion portfolio of loan guarantees for the fiscal year ending September 30. FHA's […]
Chapter 720 / Prevailing Party Fees: developer that successfully defended against association's lawsuit for declaratory and injunctive relief was properly awarded prevailing party attorneys' fees and costs based on Florida Statutes, section 720.305 Holiday Isle Improvement Ass'n, Inc. v. Destin Parcel 160, LLC , No. Foreclosure News
The 2008/9 recession hit the housing market hard in both countries – this infographic reveals who has come out on top in the past decade The U.S. housing market was even harder hit by the 2008/9 recession than here in Canada. The sub-prime crisis brought many homeowners to financial insolvency, and foreclosures soared south of […]
If you're a first-time home buyer or seller, navigating your way through the process can be challenging, especially if you don't understand all of the jargon thrown your way. “Buying a house is a scary process, period,” said Sheila Schwalm, a Realtor with Heartland Realty in Hiawatha. Foreclosure News
This is going to be one of those occasional posts that gets expanded and reposted from time to time. This list is not exhaustive, although over time it is intended to become closer. Foreclosure News
October 26, 2018 – Attorney General Barbara D. Underwood today announced a judgment against Joseph Funding Company, Inc. and its owners Joseph Holman a/k/a Reggie Holman and Rebecca Ausby a/k/a Rena Holman for falsely advertising as real estate and property management professionals and engaging in repeated and persistent fraudulent conduct. The Honorable Donald A. Greenwood […]
No real surprise this month in the Perry GA real estate market….lack of fresh inventory continues to keep home sales depressed. In fact, for the 4th straight month, sales decreased as buyers and investors found properties in other parts of Houston County more to their liking. Foreclosure News