August 2011 RCDs
By ft Editorial Staff • Jul 26th, 2011 • Category: August 2011 Journal, Recent Case DecisionsA digest of recent court cases affecting real estate.
A digest of recent court cases affecting real estate.
California’s investors and developers of commercial property just can’t fight this feeling anymore: the real estate market for office and industrial spaces will soon see better days before you know it. And that’s a good thing not only for them, but for the whole recovery. The optimism coming from that camp of the industry is [...]
A digest of recent court cases affecting real estate.
The Making Home Affordable program created by the current administrated has made matters worse for homeowners and the economy. Homeowners have been dragged along with lender’s extend-and-pretend temporary loan modifications, pouring money into loans that are ultimately foreclosed on by lenders. Money wasted in trial modifications would have been saved for moving expenses and rental [...]
This article classifies participants in the real estate market, differentiating beneficial real estate participants from those that are harmful.
A digest of recent court cases affecting real estate.
Prospective condominium (condo) buyers with less than a 20% down payment, and their agents, must brace for the lender bias against condo units. This should come as no surprise since condo prices and sales volume during a business cycle are extremely volatile. Condos are the last to jump in price, and price inflation is far [...]
After considering the price tag for completing construction on a halted housing tract they foreclosed on in Victorville, CA., a Texas-based bank decided razing the whole project would cost less in the end. So the 16 homes (with models finished, others merely framed) were brought down and what could be salvaged was sold for scrap. [...]
A digest of recent court cases affecting real estate.
Developer fees were lowered in Riverside County by the Western Riverside Council of Governments to mirror the national construction cost index, which has been moving downward due to the lower costs of labor, steel and concrete. Development fees for a single family residence (SFR) in Riverside County has decreased $234 due to the annual adjustment. [...]