| Real Estate Journal News |
A Couple's Descent Into Foreclosure
Sun, 11 May 2008 18:54:00 EDT
Tracing one Vallejo, Calif., couple's descent into foreclosure and bankruptcy.
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Democrats Face Rescue Backlash
Mon, 12 May 2008 00:55:00 EDT
Democrats are risking a backlash over efforts by Congress to rescue homeowners who can't afford their mortgages. The White House and most Republicans say this amounts to using taxpayer money to reward bad behavior.
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Bonds Tied to Mortgages Have Hope
Fri, 09 May 2008 21:57:00 EDT
Maybe there's a way to thrive in the howling wasteland that is the home-loan market. Bonds backed by mortgages look like a buying opportunity, assuming a new spate of defaults doesn't send their prices tumbling again.
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Fannie to Aid Underwater Loans
Fri, 09 May 2008 19:14:00 EDT
Fannie Mae is preparing a program of refinancing mortgages for people who owe more than the current value of their homes. The plan is the latest twist in efforts to contain the surge in foreclosures in much of the U.S.
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Russia's Abramovich Buys Colorado Ranch
Thu, 08 May 2008 23:59:00 EDT
Russian oil magnate Roman Abramovich has bought a Colorado ranch for $36.3 million … Baseball great Henry "Hank" Aaron has listed his West Palm Beach, Fla., home that borders a golf course for $900,000 … plus more. Photos
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How to Find Foreign Home Buyers
Thu, 08 May 2008 22:46:00 EDT
June Fletcher explains how to find real-estate agents who focus on foreign buyers – critical now as these home hunters see U.S. properties as bargains.
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For Mortgages Underwater, Help Swims In
Fri, 09 May 2008 08:35:00 EDT
A small fish with a healthy appetite for mosquito larvae is being pressed into service in California, Arizona, Florida and other areas struggling with foreclosures. The problem: swimming pools of abandoned homes have turned into breeding grounds.
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House Passes Homeowner Aid
Fri, 09 May 2008 00:03:00 EDT
The House passed a package of measures aimed at tackling the housing crisis, but bickering signaled turbulence ahead for the legislation.
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Mortgage Firms Cool to Principal-Cut Plan
Fri, 09 May 2008 02:42:00 EDT
A major provision of the housing-market legislation passed by the House Thursday might not help as many borrowers as some expect, trade groups that represent mortgage companies say.
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Real-Estate Drop Has a Green Lining
Fri, 09 May 2008 00:21:00 EDT
Developers are dropping plans to build on some choice pieces of land and instead are selling it for such uses as public parks and nature preserves.
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Source of House Data Skews Loan Losses
Wed, 07 May 2008 23:56:00 EDT
Wachovia and Washington Mutual are using housing-market data that might be less-negative than those used by other lenders.
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More Homes Hit Market in April
Wed, 07 May 2008 22:33:00 EDT
The supply of homes available for sale in major metropolitan areas edged higher in April, new data show.
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Bonds Tied to Mortgages Have Hope
Fri, 09 May 2008 21:57:00 EDT
Maybe there's a way to thrive in the howling wasteland that is the home-loan market. Bonds backed by mortgages look like a buying opportunity, assuming a new spate of defaults doesn't send their prices tumbling again.
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Property Mogul Poised to Fall Again
Fri, 09 May 2008 09:27:00 EDT
Ian Bruce Eichner is on the verge of losing control of his Las Vegas casino-resort project -- 16 years after a similar loss in Times Square. His roller-coaster track record shows that in commercial real estate, failure on an epic scale need not be a career killer.
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Real-Estate Drop Has a Green Lining
Fri, 09 May 2008 00:21:00 EDT
Developers are dropping plans to build on some choice pieces of land and instead are selling it for such uses as public parks and nature preserves.
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Wachovia's Big-Loan Executive Is Leaving
Wed, 07 May 2008 09:03:00 EDT
Wachovia's Robert Verrone, known for his deal making, is expected to leave. The bank's first-quarter loss will widen due to new write-downs.
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