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CarrAmerica acquires Sherry Lane Place in Dallas

By Inman News, Sunday, April 16, 2006.

CarrAmerica Realty Corp.  more...

KBS Realty Advisors buys Austin, Texas office building

By Inman News, Sunday, April 16, 2006.

Travis Oaks, a three-story, 123,434-square-foot Class A office building in Austin, Texas, has been sold to KBS Realty Advisors by Transwestern Commercial Services, Transwestern said last week.

 

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BPG buys California business park for $63 million

By Inman News, Sunday, April 16, 2006.

BPG Properties has bought The Waterfront at Harbor Bay Business Park, a 6-building, 385,000-square-foot business campus, for $63 million, BPG said today.

 

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Part 1: Cendant buys its way to the top Premium Content

By Glenn Roberts Jr., Sunday, April 16, 2006.

Editor's note: Cendant Corp., and predecessor HFS, have changed the face of the real estate industry by ushering in an era of large-scale consolidation.  more...

Michigan credit union drops plans to convert to S&L Premium Content

By Inman News, Sunday, April 16, 2006.

Plans on the part of a credit union, the largest in Michigan and reportedly a major mortgage lender, to convert to a savings and loan have been dropped, the company said today.

 

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Builder confidence hits lowest point since 1996

By Inman News, Sunday, April 16, 2006.

The National Association of Home Builders/Wells Fargo Housing Market Index sank four points from march to April reaching 50 – the lowest point since February 1996 when the index slipped to 49 – the home builders group announced today.

 

A index of 50 indicates an equilibrium in builder confidence – any nu  more...

Freddie Mac gets svp of Enterprise Operational Risk

By Inman News, Sunday, April 16, 2006.

Freddie Mac is bringing on a senior vice president of enterprise operational risk next Monday, the mortgage giant said.

 

Gareth Davies will join Freddie Mac effective April 2  more...

Georgia man arrested in alleged real estate loan fraud

By Inman News, Sunday, April 16, 2006.

Authorities are investigating what is believed to be the first case of mortgage fraud in Dawson County, Ga., the Gainesville, Ga., Times reported.

Imran Siddiqui was arrested March 28 while attempting to close on a loan involving a Dawson County home, reports said.

Siddiqui is being held in the Dawson County Dete  more...

D.C. report recommends more affordable real estate Premium Content

By Inman News, Sunday, April 16, 2006.

A housing task force recommends that Washington, D.C., add about 55,000 housing units by 2020 – with about one-third affordable housing – to help the city add 100,000 residents.

 

The task force was formed by the D.C.  more...

Reliant announces 50-year real estate amortization program

By Inman News, Sunday, April 16, 2006.

Reliant Home Warranty Corp. of Toronto, Canada, announced today underwriting approval to offer North America's first 50-year amortization program for non-prime high-ratio mortgages.

 

Reliant also announced the amortization on a 5-year blended program (3 years interest-only and 2 years principal and interest) will be  more...

Immigration, GSE reform on tap at Hispanic real estate conference

By Inman News, Sunday, April 16, 2006.

Members of a trade association for Hispanic real estate professionals will discuss the potential impacts of immigration reform on lending to undocumented immigrants during a conference this week at the Capital Hilton in Washington, D.C.

 

The National Association of Hispanic Real Estate Professionals will meet Tuesday through Thursday this week to discuss p  more...

The local drilldown: New way to find local biz online

By Jessica Swesey, Sunday, April 16, 2006.

Roll up your Internet browsing sleeves and think local. There's a new search engine on the Web with roots in your hometown.

TrueLocal, which launched in November 2005, has a different take on local search, leading Internet surfers only to listings for brick-and-mortar businesses in their areas.  more...

Borrowers with little home equity still have options

By Jack Guttentag, Sunday, April 16, 2006.

(This is part 3 of a three-part series. Read Part 1 and Part 2.)

This is the last of three articles on how borrowers who anticipate that they soon will be unable to make their mortgage payments can make the best of a bad situation.  more...

Housing market headlines can be misleading

By Dian Hymer, Sunday, April 16, 2006.

On Jan. 20, 2005, a headline in the San Francisco Chronicle stated that Bay Area home sales were down and that prices slid. If you, like many readers, scanned only the headlines, you might have thought home prices in the area had plummeted. Actually, they rose 14.3 percent between December 2004 and December 2005, according to DataQuick Information Systems.

Sensational headlines sell newspapers. Who wants to read about a real estate market that's not as robust as it was a year ago--one in which home prices aren't going up as fast as they were this time last year?  more...

How to get home seller to pay for repairs

By Robert Bruss, Sunday, April 16, 2006.

DEAR BOB: We are in the process of buying an older home in a great neighborhood with outstanding public schools. As you often suggest, we insisted on a professional inspection contingency clause in our purchase offer. We also accompanied the inspector to discuss the problems he discovered. Two defects that the seller did not disclose are: 1) the roof is leaking water into the attic, and 2) the foundation is sinking slightly in one corner, probably due to poor drainage, which can be corrected. But the roof will cost at least $12,000 to replace.  more...

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