Local Shopping Malls Hit by Commercial Foreclosures
Monday, July 19th, 2010
Tweet Developer cum philanthropist Jack Baskin has failed to find a tenant for Gottschalks at Capitola Mall. This has caused him to default on a loan amounting to $11.95 million. He has returned the two storeyed building that was the department store to his lender. It is a symptom of the malaise that has set [...]
Landbanks Endeavouring to Green the Foreclosure Problem
Monday, July 5th, 2010
Tweet Closely linked to the plan of shrinking cities is the idea of setting up landbanks. These landbanks are endeavouring to green the reo property problem. As far back as 1970 the idea had sprouted and concretized in St. Louis but this time the landbank organization has more teeth. It is empowered to take over [...]
Vacant Foreclosed Houses Everywhere But No Place To Stay
Thursday, September 18th, 2008
Tweet The irony of fate is – water water everywhere but not a drop to drink. There are REO properties everywhere but workers around Los Angeles have no place to stay. These are the latest findings of Los Angeles Business Council. The imbalance in housing continues to mock the quality of life in USA. The [...]
Michigan REO Property
Wednesday, July 9th, 2008
Tweet One can make good money in real estate by buying and selling foreclosed properties. When a homeowner defaults the loan then the lender sells the property in auction. If somebody is interested in buying such property then research the reo foreclosure and try to evaluate their price prior to the sale date so as [...]
