Archive for April 2010

Real Estate News Story Edition 212

Indiana Real Estate Salespersons and Brokers Face June 30 License Deadline; Training Still Available
Fri, 30 Apr 2010 13:22:21 -0700
BLOOMINGTON, IN–(Marketwire – April 30, 2010) – More than half the real estate agents throughout Indiana face a June 30 deadline for license renewal and need to act quickly to ensure that they meet their continuing education (CE) requirements to meet the license deadline.
Deadline for Tax Credit Prompts Real Estate Frenzy
Fri, 30 Apr 2010 13:09:09 -0700
Real estate agents have been working seven days a week trying to beat tonight’s tax incentive deadline. To qualify for the first-time-buyer incentive, the buyer must have a signed contract in hand and close the deal by the end of June.
MetLife Expects Commercial Real Estate to Rebound (Update2)
Fri, 30 Apr 2010 07:21:23 -0700
April 30 (Bloomberg) — MetLife Inc. , the largest U.S. life insurer, said there are signs of a recovery in the commercial real estate market after property values dropped about 40 percent from their peak. The company gained the most in seven weeks in New York trading.

Real Estate News Story Edition 211

Indiana Real Estate Salespersons and Brokers Face June 30 License Deadline; Training Still Available
Fri, 30 Apr 2010 13:04:00 -0700
BLOOMINGTON, IN–(Marketwire – 04/30/10) – More than half the real estate agents throughout Indiana face a June 30 deadline for license renewal and need to act quickly to ensure that they meet their continuing education (CE) requirements to meet the license deadline. “The last-minute frenzy to meet the real estate certification deadline — especially the one at mid-year — is as predictable as …
Banks face losses on real estate: study
Thu, 29 Apr 2010 07:34:36 -0700
Banks could suffer losses of up to 79.80 billion pounds on commercial real estate loans in Britain, Ireland and Spain between 2009 and 2011, ratings agency Standard and Poor’s warned Thursday.
With home buyer tax credit expiring, real estate agents see a flurry of activity
Fri, 30 Apr 2010 02:49:12 -0700
A federal income tax credit for home buyers expires Friday, and Northeast Ohio’s real estate industry has been swamped with last-minute sales. Meanwhile, economists are wondering what will happen to the market once the popular program disappears.

Real Estate News Story Edition 210

Real Estate Agents, Buyers Cut Deals for Tax Credit
Fri, 30 Apr 2010 11:37:16 -0700
In the final hours for the homebuyers’ tax credit, real estate agents, buyers and sellers are in a frenzy to cut deals

Real Estate News Story Edition 209

MetLife Expects Commercial Real Estate to Rebound (Update1)
Fri, 30 Apr 2010 06:29:45 -0700
MetLife Inc., the largest U.S. life insurer, said there are signs of a recovery in the commercial real estate market after property values dropped about 40 percent from their peak.
MetLife Expects Commercial Real Estate to Rebound (Update2)
Fri, 30 Apr 2010 07:21:23 -0700
April 30 (Bloomberg) — MetLife Inc. , the largest U.S. life insurer, said there are signs of a recovery in the commercial real estate market after property values dropped about 40 percent from their peak. The company gained the most in seven weeks in New York trading.

Foreclosure News Watch – Post 220

Attorney general investigating Tampa foreclosure firm
Fri, 30 Apr 2010 05:00:00 -0700
The Florida Attorney General’s Office is investigating a Tampa-based foreclosure law firm that has become one of the state’s largest foreclosure mills.
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These homes are facing foreclosure
Fri, 30 Apr 2010 06:04:33 -0700
First, in recent foreclosure news: Foreclosure notices are still ‘playing catch up’ Every week, homes throughout Orange County go to foreclosure auctions. The owners can be millions of dollars in debt, or owe just a few thousand. Often these…
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Nine years to dig out of home foreclosure inventory
Fri, 30 Apr 2010 06:52:51 -0700
It may take nine more years for banks to dig out of the current home foreclosure backlog.
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Real Estate News Story Edition 208

With home buyer tax credit expiring, real estate agents see a flurry of buying
Fri, 30 Apr 2010 02:49:12 -0700
A federal income tax credit for home buyers expires Friday, and Northeast Ohio’s real estate industry has been swamped with last-minute sales. Meanwhile, economists are wondering what will happen to the market once the popular program disappears.

Foreclosure News Watch – Post 219

100-year-old woman facing foreclosure gets glimmer of hope
Thu, 29 Apr 2010 19:48:34 -0700
First Midwest Bank executives today instructed their attorneys to halt foreclosure proceedings against Agnes Albinger, a 100-year-old Monee woman who has been fighting to stay on her farm. The move came a day after a Tribune story detailed Albinger’s plight . “If it’s in her best interest and if it’s in our control, we’ll do our best to make sure she can stay in the home,” said Michael Scudder …
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Foreclosure News Watch – Post 218

Foreclosure map: See the worst hit metro areas
Thu, 29 Apr 2010 09:12:43 -0700
Foreclosure filings declined in more than half of the country’s top 20 worst-hit cities, most of which are concentrated in the Sunbelt “bubble” states of California, Arizona, Florida and Nevada. But those improvements bucked the market’s general trend: Nationwide, foreclosures rose 16% during the first quarter of 2010 compared to the same period in 2009.
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Real Estate News Story Edition 207

Banks face losses on real estate: study
Thu, 29 Apr 2010 07:34:36 -0700
Banks could suffer losses of up to 79.80 billion pounds on commercial real estate loans in Britain, Ireland and Spain between 2009 and 2011, ratings agency Standard and Poor’s warned Thursday.

Real Estate News Story Edition 206

Banks May Face 92 Bln Euro Real Estate Hit: S&P
Thu, 29 Apr 2010 03:54:04 -0700
Banks May Face 92 Bln Euro Real Estate Hit: S&P