New Plan To Bail Out Underwater Mortgages Has Banks PanickedMintpress NewsThe demonstrators, many from California, said Wells Fargo has been slow to forgive or adjust mortgage loans on homes that have been devalued by the recession. (AP Photo/Rick Bowmer). Earlier this month, Mayor Gayle McLaughlin of Richmond, Calif., … …read more
Monthly Archives:: August 2013
Pennsylvania Real Estate Investment Trust's Series A Cumulative Redeemable … – Forbes
Pennsylvania Real Estate Investment Trust's Series A Cumulative Redeemable …ForbesOn 8/28/13, Pennsylvania Real Estate Investment Trust Pennsylvania Real Estate Investment Trust's 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares (NYSE: PEI.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable …and more …read more
IRS To Michael Jackson's Estate: Who's Bad? – Forbes
IRS To Michael Jackson's Estate: Who's Bad?ForbesFor valuation purposes, all assets under the control of the decedent at his or her death are considered taxable and that would include corporate interests, real estate and contracts for future earnings. Federal estate tax is calculated by adding up all …and more …read more
Home Prices near Pre-Crash Levels – USFinancePost
Home Prices near Pre-Crash LevelsUSFinancePostLender Processing Services used its loan level databases and June 2013 residential real estate transactions to conduct a repeat sales analysis of the home prices in order to complete calculations. … California and Illinois were both at 1.6 percent …and more …read more
Fall Flings – Baltimore Magazine
Fall FlingsBaltimore MagazineOne big surprise to this veteran Napa/Sonoma taster: the relative sophistication of the tasting experience (not to mention the California-style crowds at each winery we visited). And another plus: the region itself ….. Third Street, Spring Lake's … …read more
Reasons why an appraiser should change the value in the report
By Ryan Lundquist Once an appraisal report has been completed, can an appraiser changed the value if asked to take another look at the file? Yes, the appraiser CAN change the value if a mistake or series of errors led to a botched valuation. It seems reasonable and ethical for the appraiser to go back […]
Reasons why an appraiser should change the value in the report
By Ryan Lundquist Once an appraisal report has been completed, can an appraiser changed the value if asked to take another look at the file? Yes, the appraiser CAN change the value if a mistake or series of errors led to a botched valuation. It seems reasonable and ethical for the appraiser to go back […]
The worm is turning for investment real estate: American Homes 4 Rent posted a net loss of $14 million. Wells Fargo announces layoffs for 2,300 due to drop in refinancing activity.
By drhousingbubble It is no secret that Wall Street has been a big player in this current real estate run. The two biggest single-family landlords in this game are Blackstone Group LP’s Invitation Homes followed by California based American Homes 4 Rent (AH4R). The interesting thing about AH4R is that they own about 20,000 properties […]
Feature: American realtor's worries amid home buying spree – Xinhua
Feature: American realtor's worries amid home buying spreeXinhua25 (Xinhua) — The revival of the U.S. housing market starting last year is not all good news for Brian Ruppel, a realtor with Profound Realty Inc., a real estate brokerage based in U.S. state of Maryland, who has been struggling to help his clients … …read more
Richmond, California, Fights Banks With First-In-The-Nation Plan – Huffington Post
Richmond, California, Fights Banks With First-In-The-Nation PlanHuffington PostShe said she fears homeowners will begin to abandon their homes, leading to blighted neighborhoods and the draining of public coffers to the point of municipal bankruptcy experienced by Stockton, Calif., and Detroit. … have been hit hard by the … …read more
County: State to retain group home oversight – Stockton Record
County: State to retain group home oversightStockton RecordSTOCKTON – Responding to a grand jury investigation critical of the oversight of group homes, local government officials said the state agency responsible for monitoring group homes would provide more information to the San Joaquin County agencies …and more …read more
Bullish on the US, and Bullish on ETFs – Barron's
Bullish on the US, and Bullish on ETFsBarron’sIn California, there have been challenges in Stockton, San Bernardino, and other strapped cities to the primacy of the claim that Calpers—the California Public Employees' Retirement System—has on their revenue. Calpers has the power to force …and more …read more
Bullish on the U.S., and Bullish on ETFs – Barron's
Bullish on the U.S., and Bullish on ETFsBarron’sIn California, there have been challenges in Stockton, San Bernardino, and other strapped cities to the primacy of the claim that Calpers—the California Public Employees' Retirement System—has on their revenue. Calpers has the power to force … …read more
Two -Year Housing Recovery Mirage Now Over… Bernanke Hoping to Retire Before Everyone Notices
By Mandelman At the end of 2010, the interest rate on a 30-year mortgage was just under 5 percent… 4.97% to be more precise. Over the next 28 months actions taken by the Fed pushed that rate down as low as 3.42%. And wonders of wonders… miracles of miracles… soon we were witnessing the inexplicable […]
Why The $702 Million IRS Tax Claim On Michael Jackson's Estate Won't Stand Up – Forbes
Why The $702 Million IRS Tax Claim On Michael Jackson's Estate Won't Stand UpForbesThere were other entities, too, including his Mijac music catalogue, real estate and a massive art collection. But Jackson also carried nearly half a billion dollars in debt, meaning that his net assets were well under $1 billion–and likely less than …and […]
Miller Starr Regalia – Law.com
Miller Starr RegaliaLaw.comSAN FRANCISCO — Walnut Creek real estate shop Miller Starr Regalia has planted a flag in Southern California. … Julie Bahret joins Kilpatrick Townsend & Stockton's real estate finance and capital markets team as counsel to the San Francisco office. …read more
A Winning Team: Meet the Lawyers for Mr. Thomas Glaski… A Mandelman Matters Podcast
By Mandelman It’s only been a couple of weeks since the California Court of Appeal first issued and soon after published the court’s opinion in the case brought by Mr. Thomas Glaski, and already there is no question that the decision is having a significant impact on how foreclosure defense attorneys and homeowners, both in […]
An appeal to President Obama as he goes to Scranton – Reuters Blogs (blog)
An appeal to President Obama as he goes to ScrantonReuters Blogs (blog)Additional revenue enhancements, such as increasing the current Real Estate Transfer tax from 2.8 percent to 2.9 percent, will allow the City to receive an additional $555,000. The adoption of an Amusement Tax will net the City $700,000 of new … This …and more […]
Housing Pushes China Foreign Investment To Highest Level In Two Years – Forbes
Housing Pushes China Foreign Investment To Highest Level In Two YearsForbesHowever it is probably safe to say that the bulk of it is coming from the large south Asian based property developers who believe Beijing is done creating new restrictions for real estate investors. Beijing has thrown everything plus the kitchen sink …and more …read […]
Davis housing project must overcome city's anti-growth streak
A housing development proposed for a former tomato cannery in Davis could be the last subdivision built in the university town, provided it can overcome the city’s powerful anti-growth streak. The Cannery housing development, with 547 homes and apartments, would be at the site of the defunct Hunt-Wesson cannery. …read more
Revisiting goals I mentioned in January for 2013
By Ryan Lundquist Let’s get real today. No appraisals, graphs or market trends. My first post this year listed out five business goals and five personal goals. So far I’m plugging away and aiming to meet all of them, though one in particular has not been going so well. If I do not do something […]
Revisiting goals I mentioned in January for 2013
By Ryan Lundquist Let’s get real today. No appraisals, graphs or market trends. My first post this year listed out five business goals and five personal goals. So far I’m plugging away and aiming to meet all of them, though one in particular has not been going so well. If I do not do something […]
Whatcom home values rise 3.4 percent in second quarter – Bellingham Herald
Whatcom home values rise 3.4 percent in second quarterBellingham HeraldSome areas across the country hardest hit by the real estate crash are now seeing the biggest bounce back, including Stockton, Calif. (up 19.4 percent in the past year), Phoenix (up 18.5 percent) and Las Vegas (up 17.6 percent). The reason for this … …read more
S.J. housing market: We're No. 1
San Joaquin County home price gains led the nation’s metropolitan areas with a one-year increase of more than 19 percent, according to the Federal Housing Finance Agency’s House Price Index. …read more
GLASKI WINS! California Court of Appeal Ruling a Landmark for Homeowners… Maybe.
By Mandelman Hello, all… thanks for coming. If you’re from out-of-state… Welcome to California… “The Hardest Hit of the Hardest Hit States!” We’re thinking of having that line put on our license plates out here, by the way. Of course, that really irks some Floridians and Nevadans, but if you’ve got it… flaunt it… I […]