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Colonial Properties Trust sells 4 properties

By Inman News, Sunday, April 9, 2006.

Colonial Properties Trust today announced the sale of four multifamily properties previously owned by Cornerstone Realty Income Trust for a sales price of $63.8 million.

As a result of the sale, the company reduced secured debt on one of these properti  more...

Abacus buys $47 million Ottawa portfolio

By Inman News, Sunday, April 9, 2006.

Abacus Real Estate Investments Ltd.  more...

Bubble? What Bubble? Premium Content

By Dave Myers, Sunday, April 9, 2006.

Editor's note: Though experts are divided over what the next 90 days may bring for the housing market as a whole, they all agree on one point: Each region of the nation has its own unique set of circumstances, and how those factors shape the attitudes of home buyers and sellers over the next several weeks will also help to decide how local home sales and prices will fare through the rest of this year and beyond.  more...

NeighborhoodScout scores patent for neighborhood search engine

By Inman News, Sunday, April 9, 2006.

The U.S.  more...

Overnight real estate rates inch up

By Inman News, Sunday, April 9, 2006.

Long-term mortgage interest rates inched higher on Friday, and the benchmark 10-year Treasury bond yield increased to 4.98 percent.

The 30-year fixed-rate average edged up to 6.03 percent, and the 15-year fixed-rate increased to 5.72 percent. The 1-year adjustable also increased to 5.12 percent.

The 30-year Treasury bond yield climbed to 5.05 percent.

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

Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states.  more...

Brandywine buys Virginia building for $24 million

By Inman News, Sunday, April 9, 2006.

Brandywine Realty Trust has acquired a 145,127-square-foot office building in Richmond, Va., for approximately $24 million.

 

 more...

California company settles for $2.4 million for alleged spam Premium Content

By Inman News, Sunday, April 9, 2006.

A California company has agreed to a $2.4 million settlement with federal and state officials with regard to a lawsuit against it for allegedly sending unsolicited e-mail messages pitching mortgage services, among other things, officials said Thursday.

 more...

ABA opposes Wal-Mart deposit insurance application

By Inman News, Sunday, April 9, 2006.

An official from a major U.S.  more...

Man convicted in assault, murder of real estate broker

By Inman News, Sunday, April 9, 2006.

A jury has convicted a man in the 2002 sexual assault and murder of a real estate broker in Yorkville, Canada, according to a news report.

 

The Toronto Star newspa  more...

First American Title expands footprint in large lender market

By Inman News, Sunday, April 9, 2006.

First American Title Insurance Co.  more...

Four plead guilty to New Jersey real estate loan fraud Premium Content

By Inman News, Sunday, April 9, 2006.

A former real estate broker, loan officer, closing attorney and one of their employees pleaded guilty to a conspiracy to "flip" New Jersey properties and defraud the U.S.  more...

Realtor association supports new 'junk fax' rules

By Inman News, Sunday, April 9, 2006.

The National Association of Realtors has expressed support for new rules that the Federal Communications Commission implemented for the Junk Fax Prevention Act.

The trade group had opposed the initial junk fax rules, which require  more...

Texas broker found guilty in real estate loan fraud

By Inman News, Sunday, April 9, 2006.

A federal jury in Austin on Friday found a real estate broker guilty of fraud related to a real estate flip-for-profit scheme that cost mortgage lenders more than $15 million, media reports said.  more...

RE/MAX goes live with bold new Web site

By Jessica Swesey, Sunday, April 9, 2006.

RE/MAX International has gone live with its national network of broker IDX Web sites, and consumers can now go to www.remax.com and search among more than 1.7 million available home listings.

Every RE/MAX office in the country has the chance to sign up for a broker IDX Web site to be included in the listings network, company officials said. IDX, or Internet data exchange, is an Internet-based exchange of property listings data among real estate brokers.  more...

No way to avoid revealing condo problems

By Robert Bruss, Sunday, April 9, 2006.

DEAR BOB: I own a very nice condo in what you might call a "bad complex." The board of directors is in constant turmoil. Our association reserve funds are inadequate so every time we need a major repair there is a special assessment of the owners. Of 42 units, 12 are now listed for sale. Fortunately, we have a rule the owners cannot post "for sale" signs, so prospective buyers don't know of all the units for sale. Fortunately, I took your advice and made only a 10 percent down payment when I purchased about four years ago, so I don't have much equity.  more...

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