Despite assurances from government officials that the recession is gradually loosening its grip on the U.S., statistics released today by Zillow, Inc. paint a very different picture. Zillow is a real estate marketing site founded by former Microsoft executives that maintains a database of real estate information from around More…
The St. Petersburg Times, which has been responsible for the majority of investigative barbs directed against Florida’s Democratic senate candidate Jeff Greene, received some return fire in the form of a libel suit yesterday.
Kenneth Feinberg, who is taking over the BP claims process on Aug. 23, told Gulf Coast residents today that he is meeting in Washington, D.C., tomorrow to negotiate a special compensation package for real estate agents and brokers, even though he does not believe they have a legitimate claim for More…
Shahien Nasiripour at the Huffington Post parses a J.P. Morgan filing with the Securities and Exchange Commission and notes that the bank, the second largest in the United States, is concerned about the rising tide of strategic defaulters — underwater homeowners who choose to walk away from their homes. More…
The recent news that China dumped $34.2 billion in U.S. Treasuries in December hardly made a splash, but L.A. Times writer Don Lee wondered what China did with all that extra cash. He found that it was investing the money in private companies throughout the world. More…
When New York Times economic reporter Edmund Andrews penned his memoir of buying an overpriced house that led to his family facing foreclosure, he attempted to depict himself as an everyman caught up the financial crisis. If it happened to someone like him, it could happen to you.
This More…
In every downturn, there’s always an entrepreneur who finds a way to create a business opportunity out of terrible financial circumstances. This recession is no exception. Jon Lansner at the OCRegister. com reports that “land consultants” are popping up to help banks do something with their foreclosed bank-owned homes More…
The fight that neighborhoods in Cleveland are launching against banks that dump vacant and vandalized foreclosed homes back onto the real estate market received a bit of a setback, as I noted in my story Monday. A private, non-profit housing advocacy group had filed suit in local housing court More…
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