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Tag Archives: Agents & Brokers

Law Firm Expands CRE Offerings into Dallas

The Seattle-based law firm Perkins Coie has opened a new office in Dallas. The firm says the expansion will allow it to better serve the interests of national clients in Texas. Former Greenberg Traurig shareholder, Steven R. Smith, has joined the firm and will be partner in charge of the office, focusing his practice on commercial real estate workouts and lending.

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South & Associates Named to Wingspan Attorney Network

Overland Park, Kansas-based South & Associates, P.C., a law firm specializing in foreclosure, bankruptcy, loss mitigation, eviction, and related mortgage matters throughout Missouri, Kansas, and Nebraska, recently announced that the firm has been accepted as an Eagle member of the Wingspan Professional Attorney Network.

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U.S. Homes Lose $3.3 Trillion in Value

Fourth quarter 2008 home prices declined for the eighth consecutive quarter, and according to a Zillow Home Value Index, the 11.6 percent decline cost American homeowners a total of $1.4 trillion in home value, bringing the total drop in value for 2008 to $3.

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Home Sales Surge In December

A surge in sales volume in the West sent existing home sales on an unexpected upswing and brought inventory down, according to the National Association of Realtors (NAR). The existing home sales annual rate – a statistic derived from what the number of home sales would be for if a particular month’s pace was maintained for a year – jumped to a seasonally adjusted annual rate of 6.

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Field Asset Services Launches New Site

Austin, Texas-based REO maintenance and repair services company Field Asset Services (FAS) launched its redesigned Web site Thursday. The new site has a new look and added functionality that allows users to log into the company’s FAS 3.

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Majority of Americans Oppose Bailing Out Homeowners

A majority of Americans oppose using federal bailout funds to pay the mortgages of homeowners in default, according a survey released in the inaugural Reecon Advisory Report Tuesday. While 51 percent of Americans surveyed said they opposed the idea, 43 percent are in favor of using the funds to help homeowners.

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Non-Compulsory Earthquake Insurance Could Cripple Market

The lack of mandatory earthquake insurance in California would result in high levels of mortgage defaults that would further cripple the United States housing market if a major earthquake occurred, according to an analysis released by the Chicago-based Impact Forecasting LLC, a division of international reinsurance intermediary and capital advisor Aon Benfield.

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Ind. Lawmakers Will Consider Foreclosure Options

Indiana lawmakers are considering a variety of options to help homeowners and lenders in the Hoosier state overcome the mortgage crisis, according to a report in The Indianapolis Star. According to the report, Indiana is one of nine states with a higher rate of loans in foreclosure than the national average of 3 percent, and lawmakers are looking for ways to stem that tide, including extending the foreclosure process, financial assistance, and a state-wide moratorium on foreclosures.

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S&P Report: Home Price Declines Worsen

Broad-based declines in the prices of existing single family homes continued across the United States through the month of October, according to data released today by Standard & Poor’s. The S&P/Case-Shiller home price indices show that 14 of the 20 metro areas studied experienced record rates of annual decline, with 14 now reporting declines in excess of 10 percent compared to October 2007.

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