Commercial Real Estate: More Trouble Ahead

Day: March 2, 2010

Commercial Real Estate: More Trouble Ahead

February 26, 2010, David Kotok, Chairman & Chief Investment Officer “Between 2010 and 2014, about $1.4 trillion in commercial real estate loans will reach the end of their terms. Nearly half are at present “underwater” – that is, the borrower owes more than the underlying property is currently worth. Commercial property values have fallen more…  Continue Reading

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Banks Prey on Distressed Homeowners

Some of the nation’s largest banks including Bank of America (NYSE: BAC), JP Morgan Chase (NYSE: JPM) and Citigroup’s Citi Mortgage division (NYSE: C) have been accused of finding unethical ways of making money from distressed homeowners who are trying to avoid foreclosure, including allegations that banks are making illegal requests for up-front cash payments…  Continue Reading

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5 Tricky Ways to Sell Your Home

Trying odd things might even the odds when it comes to selling a home these days. Some homeowners and real estate agents are thinking beyond price, condition and location to get buyers in the door and make a sale. Michael Travis, an agent with Coldwell Banker Residential Brokerage in Portsmouth, N.H., equates it to being noticed…  Continue Reading

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The long and short of short-selling homes

By Sean Sposito/The Star-Ledger February 17, 2010, 6:00AM ED MURRAY/THE STAR-LEDGER Goldie Sommer, a real estate attorney who has overseen more than 250 short-sale deals in the past two years, does research at her office in Fairfield. Record high unemployment has put some borrowers in jeopardy of losing their homes. They are considering refinancing, home…  Continue Reading

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Dry Your Eyes and Lower the Price

By ELSA BRENNER NEVER in all his 17 years selling real estate has Mark Seiden gone through as many boxes of tissues as he has in the past 12 months. It’s not he who is crying, but some of his customers — as they come to grips with the reality that their houses are worth…  Continue Reading

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What Recovery? New Home Sale Plunge!

New Home Sales Plunge By SARA MURRAY Sales of new single-family homes plunged last month, underscoring the fragility in the housing market. Sales dropped 11.2% in January from a month earlier to a seasonally adjusted annual rate of 309,000, the Commerce Department said Wednesday. The decline brought sales to their lowest level since the government…  Continue Reading

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Making sense of the foreclosure numbers

From the NY Times: IN gauging the severity of the foreclosure problem in New Jersey, the experts could hardly be farther apart. Some see the state as relatively unscathed at this point, with the situation about to improve; others see worsening conditions that may turn downright severe. But then again these same experts are the…  Continue Reading

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