For the first time in five months, fewer sellers cut the asking price of their home in August, according to the online real estate marketplace ""Zillow"":http://www.zillow.com. [IMAGE] As of the...
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Reports: Distressed Commercial Real Estate Equals $187B
The total value of distressed commercial real estate (CRE) in the United States right now is $186.9 billion, including properties in default, foreclosure, and lender REO, according to data from...
Read More »Banks Have Recognized Two-Thirds of Loan Losses: Moody’s
""Moody's Investors Service"":http://www.moodys.com said this week that U.S. banks have already written off nearly two-thirds of the real estate loans expected to go sour through 2011. [IMAGE] The credit ratings...
Read More »Auction Businesses Merge to Form New Holding Company
""Williams & Williams"":http://www.williamsauction.com, a real estate auction and collateral risk management company, and ""Auction Network"":http://www.auctionnetwork.com, an Internet television network for live auctions,[IMAGE] issued a joint statement Wednesday announcing a merger...
Read More »Beige Book Shows Slowdown in Recovery, Trouble Spots in Real Estate
...positive developments or net improvements compared to the statements they published in July. Real estate remains a drag on economic growth in regions across the country, with major trouble spots...
Read More »Investment Firm Acquires Stake in $760M FDIC Loan Portfolio
""Mariner Real Estate Management, LLC"":http://www.mariner-re.com, of Leawood, Kansas, announced the purchase of a portfolio of approximately 1,100 residential and commercial acquisition and development loans, located in approximately 24 states, from...
Read More »Wells Fargo Names New Chief Administrative Officer
...served as the San Francisco-based bank's head of commercial banking, real estate, and specialized financial services, overseeing operations within the wholesale banking group that provided credit and non-credit products and...
Read More »CMBS Delinquency Rate Nears 9% after August Jump: Trepp
The delinquency rate for real estate loans held in commercial mortgage-backed securities (CMBS) accelerated in August after two successive months in which delinquency increases had moderated, according to ""Trepp LLC"":http://www.trepp.com,...
Read More »Report: Q2 Title Insurance Premiums Decrease 8.5%
...increases in title insurance premiums in Q2 2010 when compared to 2009. ""The varying results demonstrate real estate is a local business and each market performs differently depending on local...
Read More »Wayne County Treasurer to Auction Tax Foreclosed Properties Online
...my belief that this is an incredible opportunity for real estate investors. The convenience and ease of online bidding not only makes the whole process easier for everyone involved, but...
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