Land law

preREO Launches Newly Designed Platform for Real Estate Investors

Tuesday, June 30, 2020 - 6:47pm

CHICAGO, June 30, 2020 /PRNewswire/ --preREO is excited to announce the launch of a new platform that connects real estate investors with new opportunities directly from lenders, maximizing the return on investment while improving the local community.

Key Points: 
  • CHICAGO, June 30, 2020 /PRNewswire/ --preREO is excited to announce the launch of a new platform that connects real estate investors with new opportunities directly from lenders, maximizing the return on investment while improving the local community.
  • preREO is a step-by-step program that can help solve the nationwide vacant home problem for lenders, communities and investors."
  • preREO brings noteholders and community investors together, allowing for more efficient maintenance and improvement of these challenge properties.
  • With the help of preREO, investors can utilize receivers, appointed by local courts, to repair and rent the properties during the foreclosure process.

Latest Guidelines Offer Tips For People Seeking Safe Ways To Recreate Outside This Summer

Tuesday, June 30, 2020 - 3:16pm

Many are seeking opportunities for outdoor recreation, including visits to the nation's public lands, waterways and public spaces like parks and trails.

Key Points: 
  • Many are seeking opportunities for outdoor recreation, including visits to the nation's public lands, waterways and public spaces like parks and trails.
  • With the summer season in full swing, the Recreate Responsibly Coalition is releasing an update to its tips, initially released in May with great success, for safely recreating outdoors.
  • The coalition first came together two months ago as a group of two dozen organizations based in Washington State.
  • The latest #RecreateResponsibly guidelines are:
    Know Before You GoCheck the status of the place you want to visit.

Housing Rights Advocates Take on Billionaire Landlord Sam Zell in Socially-Distant Protest

Friday, June 26, 2020 - 5:00pm

A coalition of tenants' rights advocates that include Housing Is A Human Right ( HHR ), the housing advocacy division of AIDS Healthcare Foundation ( AHF ) will stage a socially-distant protest calling out the predatory housing practices by Sam Zell, Co-Founder and Chairman of Equity Residential, a Chicago-based real estate investment trust (REIT).

Key Points: 
  • A coalition of tenants' rights advocates that include Housing Is A Human Right ( HHR ), the housing advocacy division of AIDS Healthcare Foundation ( AHF ) will stage a socially-distant protest calling out the predatory housing practices by Sam Zell, Co-Founder and Chairman of Equity Residential, a Chicago-based real estate investment trust (REIT).
  • The Billionaire landlord owns 303 properties totaling 78,280 apartments in San Francisco, Southern California, New York, and other cities.
  • Despite owing his vast wealth to millions of tenants across the country, Zell uses the money gained from his rental properties to stop efforts to implement meaningful tenants protections.
  • HOUSING RIGHTS PROTEST: housing and health care advocates call on billionaire landlord Sam Zell to stop his predatory real estate practices that fuel Californias housing affordability and homeless crises.

Hubzu Expands Full Foreclosure Auction Services Into More States

Tuesday, June 23, 2020 - 2:00pm

With that expansion, Hubzu now provides marketing for foreclosure auctions nationwide and full-service (live cry and marketing) foreclosure coverage in 17 states with more on the way.

Key Points: 
  • With that expansion, Hubzu now provides marketing for foreclosure auctions nationwide and full-service (live cry and marketing) foreclosure coverage in 17 states with more on the way.
  • Hubzu is one of the first auction companies to utilize newer foreclosure rules in Ohio that allow a private selling officer to conduct the foreclosure sale completely online.
  • We are very excited to provide full online foreclosure auctions in additional states, said Travis Britsch, Hubzu Vice President of Auctions.
  • Hubzu is dedicated to providing top auction services to our clients wherever their foreclosure properties are located.

Limoneira’s Joint Venture with Lewis Group Announces National Home Builder Lennar is Purchasing an Additional 4 Condominium Lots for 68 Single-Family Homes

Tuesday, June 23, 2020 - 1:30pm

Lennar is one of the primary builders in the initial 632 residential units of the Companys Harvest at Limoneira project.

Key Points: 
  • Lennar is one of the primary builders in the initial 632 residential units of the Companys Harvest at Limoneira project.
  • Lennar is expanding its investment in Harvest at Limoneira project with the purchase of four additional condominium lots for 68 single-family homes.
  • Lennar plan to build three two-story homes ranging from 2,213 to 2,452 square feet on these new lots.
  • Including todays announcement, Lennar has now purchased a total of 187 residential units within Harvest at Limoneira, comprised of 55 single-family lots and eight condominium lots that include 132 single-family residences.

Existing-Home Sales Fall 9.7% in May While NAR Expects Strong Rebound in Coming Months

Monday, June 22, 2020 - 3:01pm

Distressed sales5 foreclosures and short sales represented 3% of sales in May, about even with April but up from 2% in May 2019.

Key Points: 
  • Distressed sales5 foreclosures and short sales represented 3% of sales in May, about even with April but up from 2% in May 2019.
  • As was the case for the month prior, sales for May decreased in every region from the previous month's levels.
  • NAR rebenchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.
  • Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos.

Black Knight: Mortgage Delinquencies Increase Another 20% in May to Hit Highest Level Since 2011, But June Payment Data Suggests Rise May Be Cresting

Monday, June 22, 2020 - 2:00pm

Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.

Key Points: 
  • Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.
  • All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.
  • For a more detailed view of this month's "first look" data, please visit the Black Knight newsroom .
  • Black Knight (NYSE:BKI) is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership lifecycle.

Homeowners Can Help Appraisers During COVID-19 Pandemic, Appraisal Institute Says

Tuesday, June 16, 2020 - 2:05pm

"The coronavirus pandemic certainly has created a new situation for appraisers, particularly in the residential market," said Appraisal Institute President Jefferson L. Sherman, MAI, AI-GRS.

Key Points: 
  • "The coronavirus pandemic certainly has created a new situation for appraisers, particularly in the residential market," said Appraisal Institute President Jefferson L. Sherman, MAI, AI-GRS.
  • "From the beginning of the pandemic, the Appraisal Institute has advised its professionals and other appraisers to protect their health, and that of their families.
  • Although appraisal review is best performed by qualified appraisers, homeowners can examine the appraisal for potential deficiencies.
  • To find a Designated Member of the Appraisal Institute, please visit the Appraisal Institute's Find an Appraiser directory.

New Opportunities Arise for Real Estate Investors

Monday, June 15, 2020 - 2:00pm

MIAMI, June 15, 2020 /PRNewswire/ -- The following is an analysis of potential real estate investment opportunities during this pandemic from ForeclosureDeals.com.

Key Points: 
  • MIAMI, June 15, 2020 /PRNewswire/ -- The following is an analysis of potential real estate investment opportunities during this pandemic from ForeclosureDeals.com.
  • COVID-19 has affected the real estate market in several ways.
  • For real estate investors and first-time homebuyers, finding a silver lining in the COVID-19 pandemic is a possibility.
  • As the world continues to fight to put COVID-19 in the past, keep a close eye on the real estate market, with specific attention on foreclosures.

Eviction Moratoriums and Rent Forbearance: First Guardian Group / FGG1031 Weighs in on Who Wins and Who Loses Post-Coronavirus

Thursday, June 11, 2020 - 1:38pm

Questions abound now about how tenants and landlords will fare in a post COVID-19 world.

Key Points: 
  • Questions abound now about how tenants and landlords will fare in a post COVID-19 world.
  • The eviction and foreclosure moratoriums issued by state and local governments vary widely from one state or municipality to another and they offer different degrees of protection in both length of time and in scope.
  • That inaction may have left a large percentage of the state's 1.3 million recent unemployment claimants unprotected from potential eviction action.
  • For more information on this topic, please contact FGG1031: