Stone Harbor Real Estate News
Feb 10, 2015 | via Patch.com
Jim Grimes, a leading real estate professional, has joined the Ocean City, N.J., office of Long & Foster Real Estate, the largest independent residential real estate company in the United States. Grimes comes to Long & Foster from a competing local brokerage, where he built a successful career in residential and new construction sales over the past 17 years. Comment?
Oct 26, 2014 | via Philly.com
The old saying that calm seas never made a good sailor may apply to Salvatore Calabrese when it comes to operating his family's bay-front Blue Water Marina, which was nearly washed away by Hurricane Sandy. Two years and more than $1 million later, Calabrese has weathered the storm after the storm: a series of challenges and setbacks including spending $100,000 just to remove debris from the site and finding adequate funding to complete the rebuilding. Comment?
Sep 23, 2014 | via Patch.com
A Millburn man has admitted he used false documents in a $15 million condominium mortgage scam that allegedly involves a Toms River woman. Larry Fullenwider, 63, of Millburn, appeared before Judge Jerome Simandle recently and pleaded guilty to wire fraud, admitting that he purchased four condos in North Wildwood by presenting fake documents, according to Philly.com . Comment?
9 hrs ago | via Philly.com
The foreclosure nightmare that haunted U.S. homeowners during and after the Great Recession has loosened its grip considerably in most states. Foreclosures there are 17 percent higher than they were in 2014, and bank repossessions of homes are up 18 percent, the housing-analytics firm RealtyTrac reported last week - even as the rest of the country logged the lowest foreclosure numbers in eight years. Comment?
Thursday Apr 23 | via WKXW-FM Trenton
Nearly 15 percent of homes in New Jersey are considered seriously underwater, meaning the owner owes at least 25 percent more than their property is worth, according to a new report from RealtyTrac . The report, released Thursday, put 14.5 percent of New Jersey residential properties in that category for the first quarter of 2015, compared to 13 percent one quarter prior. Comment?
Wednesday Apr 15 | via The Real Deal
The Real Deal is excited to announce the launch of our inaugural New Jersey market report, to be included in the June 2015 issue of the magazine. The 40-plus-page print supplement will take an in-depth look at the Northern Jersey residential and commercial real estate market, with a specific focus on Hudson, Bergen, Union and Monmouth counties. Comment?
Wednesday Apr 15 | via Daily Mail
Aaron Hernandez gets LIFE in prison without parole: Former NFL star guilty of murder as his fiancee and her sister - the victim's girlfriend - sob at opposite sides of the courtroom Sisters divided by a killer: How Aaron Hernandez's murder tore apart his fiancee and her sibling who was also the victim's girlfriend Now Hernandez faces ANOTHER murder trial: Former NFL star will answer for 2012 drive-by shooting that left two men dead after nightclub dispute over spilled drink Seconds from being blown out the sky: Guards were ready to open fire on Florida mailman who flew gyro-copter into DC undetected and onto Capitol lawn in a political protest George Washington and most of Jamestown had gay sex... and John Wilkes Booth was one of Abraham Lincoln's spurned lovers, says new book Unarmed father of three with a new baby on the way shot dead by police on live TV after leading them on ... (more) Comment?
Monday Apr 13 | via Asbury Park Press
New Jersey consumers are in better financial shape than the rest of the nation, a Federal Reserve Board of New York study showed. Comment?
Yesterday | via Inside Bay Area
Priced at just under $4 million, the English manor-style house with its exemplary country gardens on a wooded half-acre will undoubtedly sell itself in the runaway real estate market here. "But just how much can it bring?" asked Robert Graves, the interior designer called in to stage the sale. Comment?
10 min ago | via Business Journal
We ranked Nashville's residential real estate firms by company sides on a transaction in 2014. To view the top five and see which one tops the list, check out the gallery with this story. Comment?
13 min ago | via AME Info
Transaction values increase by AED3 billion, which proves that the real estate sector in Dubai is maintaining a sustainable growth The total amount of real estate transactions recorded in real estate investment transactions amounted to AED 24 billion, through 8,650 investors. The value of transactions increased by AED3 billion, which proves that the real estate sector in Dubai is maintaining a sustainable growth. Comment?
16 min ago | via Seeking Alpha
Remember that ARCT5 was aggregating capital using its non-traded REIT platform, so essentially the investors were paying $10.00 and only around $8.50 was being invested in the real estate. The stage is set for another round of financial engineering, except this time, the magician is not around for the final liquidity event. Comment?
19 min ago | via The Financial Mirror
In an interview with the Financial Mirror, Ross said that the foreclosures framework will help the bank "to engage effectively with borrowers and to manage down the high level of problem loans, especially the larger ones and strategic defaulters." However, he was also reassuring that the new "framework does not necessarily also entail that the weakest segments of society will be left unprotected. Comment?
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