
Prices are down. “For Sale” signs linger. Foreclosures and short sales are cropping up everywhere. You’ve undoubtedly read various versions of the same info. But what exactly does this mean to you, and is there a general consensus about where prices and interest rates are heading in the foreseeable future? Read the latest issue of our newsletter for a clear and concise market analysis! Many of our clients have been asking about foreclosures, too, so this issue includes an explanation on how the foreclosure process works.
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Last year, Los Angeles experienced a 5.4 magnitude earthquake. For anyone who remembers Northridge, this was a minor tremor! Nevertheless, it was a reminder that we live in quake country, and need to be prepared. Then, we experienced severe fires in the fall, and flooding in the winter. The main lesson was this: be prepared for an emergency. Most people think they know what to do if disaster strikes, but in reality, there are many misconceptions. So take a look at this refresher, even if you think you are prepared!
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Daily Real Estate News
- Marriott Expands in Europe
Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan. - General Growth Debt Bet Pays Off
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents. - General Growth Lines Up More Capital
Mall owner General Growth Properties has bolstered its case for exiting from bankruptcy protection as a stand-alone company. - Farkas Closes Deal to Buy Centerline
The New York real-estate investor will buy one of the nation's largest commercial-mortgage-servicing specialists for $100 million in new equity and assuming $180 million of Centerline's debt.