
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
- Fortis Sues Lender Kennedy in Debt Case
Kennedy Funding, a New Jersey lender to cash-strapped real-estate developers, has plenty of experience going after debtors who fall behind on their payments. But now it's Kennedy's turn to get squeezed. - Helmsley Estate Sells Manhattan Hotel
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million. - 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. - European REIT Rollout at Hand
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.