Real Estate Blog November Archive

Webster Bank suspends foreclosures

11/26/08 14:11

In a move to get fresh capital from its clients, Webster Bank allowed to temporarily suspend foreclosures for 90 days and allow clients to settle their debts through a restructuring plan.

Read more: Webster Bank suspends foreclosures [click]

Foreclosures Abode: A Blow To the Real Estate Business

The effect of the United States economic crisis still continues to cripple and affects various industry and businesses. Real estate is one of which is greatly affected. As many companies, banks, and even well-known ones establishments shuts down because of the US economic meltdown, the unemployment rate started to shoot up leaving many families incapacitated to pay their responsibilities which includes mortgages and credit cards. See the rest of this here:

Read more: Foreclosures Abode: A Blow To the Real Estate Business [click]

700 Foreclosed Properties on Auction

You know a place experiences a real estate crisis when hundreds of houses get auctioned all at once--which is exactly what happens in the state of Florida now. Auctioners are even raising buyer agent commissions to encourage higher sales. These people just want to dispose of this properties as soon as possible. You cannot blam them, anyway, when you have hundreds of houses in line.

Read more: 700 Foreclosed Properties on Auction [click]

Record Breaking Penthouse Property

A penthouse that is yet to be finished until 2010 The Royal beachfront development has already sold for $4.495 million, $1 million more than Newcastle's previous apartment prize records.

Read more: Record Breaking Penthouse Property [click]

Multi-Million Apartment Goes on Sale

A home away from home is what you can describe an apartment for it is where one can feel the comforts of his home amidst the bustling city life. Quite exceptional individuals have acquired such elegant apartments, but these apartments doesn't come cheap. Take the 78th floor penthouse at the Time Warner Centre in midtown Manhattan, New York for instance, which is now up for sale which cost at $65 million. See the rest of this multimillion apartment for sale here:

Read more: Multi-Million Apartment Goes on Sale [click]

Fires Ashes 500 mobile homes

Just last week, a wind fueled fast - moving wildfire destroyed about 500 mobile homes in L.A. city's northern foothills, forcing to evacuate thousand of residents for safety.

Read more: Fires Ashes 500 mobile homes [click]

Philippine Condotel Appartments for the Holidays

Beth Collingz, offshore sales director of PLC Int. said that the number of guest are increasing which are checking into the newly opened Lancaster Suites in Shaw Boulevard, Metro Manila which is just a a blocks from sophisticated centers like SM Mega Mall, Shangri-La etc.

Read more: Philippine Condotel Appartments for the Holidays [click]

Condominiums, Real Estate, and the Internet

Right now, the Philippine real estate market is in a boom phase, but a lot are fearing that it will eventually go bust. However, some construction companies are saying that, this time, real estate growth in the country is for real. Furthermore, they just said that there only needs to be a shift in marketing styles. They said that is is high time they market aggressively through the Internet.

Read more: Condominiums, Real Estate, and the Internet [click]

A Community for Lovers of Old Houses

Some people find joy when they purchase old houses instead of brand new ones. These people are enthusiastic when they start to restore these old houses--it is as if they are trying to revive a person from death. Are you one of these people? There is an online community in which you can participate. It's OldHouseJournal.com.

Read more: A Community for Lovers of Old Houses [click]