TenantAccess, an Austin, Texas-based provider of property preservation, management, and leasing services, has appointed Denia Graham to the position of EVP.
Read More »LAMCO Offers Specialized Teams for REO Liquidation
Lenders Asset Management Corporation (LAMCO), a nationwide default asset management company headquartered in Littleton, Colorado, is offering dedicated teams to handle each account as part of its LAMCO REO Liquidation Management Process.
Read More »Commerce Bank of Southwest Florida Seized and Sold
Only one bank was shut down by regulators Friday Commerce Bank of Southwest Florida in Fort Myers, Florida.
Read More »Existing-Home Sales Record Another Big Gain as Inventories Shrink
Driven largely by the federal government's first-time homebuyer tax credit, existing-home sales showed another big gain in October, establishing a strong uptrend over the past seven months, while inventories continue to decline, the National Association of Realtors (NAR) reported Monday.
Read More »Commercial Brokerages Adopt AuctionPoint Platform for Property Disposition
AuctionPoint, Inc., based in Marina Del Rey, California, announced last week that brokerage firms Grubb & Ellis"":http://www.grubb-ellis.com and ""Lee & Associates"":http://www.lee-associates.com have signed on to use the company's online auction platform to sell commercial real estate properties.
Read More »Presidio Residential Capital Provides Non-Recourse Construction Loans
Presidio Residential Capital took its first step in achieving its goal to fund in excess of $250 million in construction loans for home-building projects in the Western United States and Texas.
Read More »Office Vacancy Rates Mount in Phoenix
Employment losses in Phoenix are beginning to lessen, but vacancy rates in office buildings will continue to rise in 2010, according to the fourth quarter Office Research Report by Marcus & Millichap.
Read More »Mortgage Fraud Criminal Sentenced to 57 Months in Prison
After being convicted by a jury on August 6, 2009 of two counts of mail fraud and one count of wire fraud, Godwin Asifo of Woodbridge, Virginia, was sentenced on Friday by United States District Judge Claude M. Hilton to 57 months in prison and three years of supervised release.
Read More »Home Sales Soar in Illinois
A combination of record low mortgage interest rates, affordable home prices, and the first-time homebuyer tax credit have created a buyers's market, resulting in a double-digit jump in October home sales in Illinois.
Read More »Former Owner of Real Estate Investment Company Pleads Guilty to Mortgage Fraud
On Thursday in the United States District Court, Kevin M. O'Connell of Albany, New York, pled guilty to one-count information charging him with the felony offense of laundering of monetary instruments in connection with his role in a mortgage fraud scheme which defrauded financial institutions and mortgage lenders of over $5.
Read More »