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Voit seals three lease agreements

By Inman News, Monday, December 13, 2004.

Voit Commercial Brokerage, a member of CORFAC International, has completed three lease transactions in Orange County, Calif., valued at approximately $6.7 million.

 

 more...

Inland Western lands two Alabama properties

By Inman News, Monday, December 13, 2004.

Inland Western Retail Real Estate Trust recently purchased two newly constructed properties in Alabama: University Town Center in Tuscaloosa and Edgemont Town Center in Homewood.

 

 more...

CB Richard Ellis brokers office sale

By Inman News, Monday, December 13, 2004.

CB Richard Ellis announced the sale of Northside Tower, a 121,520-square-foot office building located in the heart of Atlanta's Sandy Springs neighborhood.  more...

Online for-sale-by-owner company wins ruling Premium Content

By Glenn Roberts Jr., Monday, December 13, 2004.

A mortgage company that operates a for-sale-by-owner Web site doesn't need a real estate brokerage license, the New Hampshire Bank Department commissioner has ruled.

The New Hampshire Association of Realtors in August filed a complaint against ISoldMyHouse.com, which offers Internet advertising of for-sale homes for a minimum fee of $95. An estimated 300-400 homes are sold each week through the site, "with no real estate broker involved," according to information at the company's Web site.  more...

Auctions modernize high-end home sales Premium Content

By Jessica Swesey, Monday, December 13, 2004.

Gordon Uhlmann collects oceanfront homes much like some people collect Van Gogh and Rembrandt pieces. After three years of unsuccessful attempts at selling two San Francisco Bay Area homes he decided to try selling them like artwork–through auction.  more...

Real estate technology co. emerges from 'dungeon' Premium Content

By Inman News, Monday, December 13, 2004.

In 1995, Joel MacIntosh started WolfNet Technologies in "The Dungeon," the garden level of his south Minneapolis home. Initially, WolfNet focused on building Web site products and custom e-commerce applications for clients in more than 25 industries. In 1998, the company began servicing the real estate Industry with Mlsfinder.com, its IDX/VOW property search system.  more...

Customer service key to repeat real estate business

By Inman News, Monday, December 13, 2004.

A Customer Service Study released by Coldwell Banker revealed a strong correlation between the quality of a company's customer service and its long-term success. According to the findings, the average U.S.  more...

Nation's capital suffers soaring housing costs

By Inman News, Monday, December 13, 2004.

The Washington metropolitan area has become "the nation's strongest regional economy," but confronts an urgent and growing geographic disparity within the region between the locations of jobs and affordable housing. That is the major conclusion of the third annual Housing in the Nation's Capital report released this month by the Fannie Mae Foundation.

The regional study was commissioned by the Fannie Mae Foundation and prepared by the Urban Institute Center for Metropolitan Housing and Communities.  more...

State agency cracks down on escrow fraud

By Inman News, Monday, December 13, 2004.

The California Department of Corporations has formed the Escrow Fraud Task Force to coordinate fraud prevention and enforcement action by state and federal regulators, law enforcement, industry groups and businesses against fraudulent escrow companies operating on the Internet.

There are about 650 independent escrow companies in California licensed by the Department of Corporations. The Department has taken enforcement actions against 33 Internet escrow providers to shut down fraudulent escrow sites since May 2004.  more...

FTC findings on consumer credit accuracy Premium Content

By Inman News, Monday, December 13, 2004.

The Federal Trade Commission has issued a report to Congress containing studies on credit report accuracy and completeness required by the Fair and Accurate Credit Transactions Act of 2003.

The Act, which was enacted in December 2003 and amends the Fair Credit Reporting Act, required the FTC to conduct an ongoing study of the accuracy and completeness of consumer credit reports and to report on four specific topics related to credit report accuracy.  more...

Foreclosures rise in Phoenix area

By Inman News, Monday, December 13, 2004.

Foreclosure activity in the Phoenix metropolitan area was on the rise in October and November, with a rate of about 300 foreclosure notices per week, according to research by Foreclosures.com, an investment advisory company that specializes in foreclosures.

The company also reported today that a drop in home sales in parts of Northern and Southern California could be an indication of a "long-awaited price correction" in the state, and predatory lending problems continue to plague New Jersey.

Alexis McGee, Foreclosures.com president,  more...

Twin Cities real estate market going strong

By Inman News, Monday, December 13, 2004.

Closed home sales in Minneapolis in November reached 4,672 units, up 13 percent from 12 months prior, according to the Minneapolis Area Association of Realtors.  more...

Overnight real estate rates up

By Inman News, Monday, December 13, 2004.

Long-term mortgage interest rates increased Friday, and the benchmark 10-year Treasury bond yield sank to 4.15 percent.

The 30-year fixed-rate average was unchanged at 5.27 percent, and the 15-year fixed-rate increased to 4.72 percent. The 1-year adjustable was up at 3.39 percent.

The 30-year Treasury bond yield decreased to 4.82 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.  more...

Debt consolidation in a new purchase mortgage

By Jack Guttentag, Monday, December 13, 2004.

"I have $30,000 in cash for a down payment on the $300,000 house I am purchasing. I also have $15,000 of credit card debt at 12 percent that I would love to get rid of. The loan officer says I can roll it into a new $285,000 30-year mortgage at 6 percent. This cuts the rate on my credit card debt in half and makes it deductible. Further, my total monthly payment would be only $1891, compared to $2051 if I didn't consolidate and took a $270,000 loan. Is there any reason I shouldn't consolidate?"  more...

Should I take my home off the market for the holidays?

By Dian Hymer, Monday, December 13, 2004.

As we head into the last month of the year, sellers usually wonder if they should take their home off the market for the holidays. While no one has a crystal ball, there are many good reasons to consider leaving your home on the market until it sells.

Granted, there will be fewer buyers looking for homes in December than there are during the spring and summer months. However, those buyers who are looking to buy a home during the winter months are often serious buyers and not casual lookers. And, it only takes one good buyer to achieve a sale.  more...

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