Land law

LRES Adds Industry Leader Tina Suihkonen as Senior Director, Commercial Services

Retrieved on: 
Tuesday, July 14, 2020
Mortgage, United States housing bubble, Real estate appraisal, Foreclosure, Suihkonen, Land law, Real estate, Property law

ORANGE, Calif., July 14, 2020 /PRNewswire/ -- LRES Corporation, a real estate appraisal, valuations, and asset management company, has expanded its commercial services offering and added industry expert, Tina Suihkonen, as Senior Director of Commercial Services.

Key Points: 
  • ORANGE, Calif., July 14, 2020 /PRNewswire/ -- LRES Corporation, a real estate appraisal, valuations, and asset management company, has expanded its commercial services offering and added industry expert, Tina Suihkonen, as Senior Director of Commercial Services.
  • Ms. Suihkonen will lead LRES' commercial default services division and contribute to the company's overall success by providing nationwide commercial trustee and foreclosure services.
  • With the addition of commercial trustee services to the LRES service offering, we can further fulfill LRES' client needs and expectations."
  • Ms. Suihkonen has been in the commercial trustee services industry for over twenty years and is recognized as a trusted leader in the commercial services space.

Hyland Releases PII Compliance Solution

Retrieved on: 
Monday, July 13, 2020
United States housing bubble, Foreclosure, Mortgage, Real property law, Urban decay, Business process management, Redact, Land law, Real estate, Property law

CLEVELAND, July 13, 2020 /PRNewswire/ -- Hyland , a leading content services provider for global organizations, launched a PII Compliance Solution .

Key Points: 
  • CLEVELAND, July 13, 2020 /PRNewswire/ -- Hyland , a leading content services provider for global organizations, launched a PII Compliance Solution .
  • Leveraging the PII Compliance Solution lenders simplify redaction processes and add bulk document upload functionality in an agreeable format.
  • "Using Hyland's PII Compliance Solution helps lenders quickly and efficiently respond to regulations requiring redacted personal information with smart, expertly tailored automation built specifically for financial services."
  • The PII Compliance Solution is especially helpful for lending institutions needing to submit foreclosure notices to state government departments.

preREO Launches Newly Designed Platform for Real Estate Investors

Retrieved on: 
Tuesday, June 30, 2020
United States housing bubble, Foreclosure, Mortgage, Real property law, Urban decay, Real estate, Land law, Finance, Real estate investing

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

Retrieved on: 
Tuesday, June 30, 2020
Hiking, Land law, Outdoor recreation, Trail, Public land

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

Retrieved on: 
Friday, June 26, 2020
Construction & Property, Infectious diseases, REIT, Public policy, Government, Philanthropy, State, Local, General Health, Health, Foundation, Residential Building & Real Estate, Real property law, Sam Zell, Tribune Publishing, Economy, AIDS Healthcare Foundation, Landlord, Equity Residential, Land law, Regional science, Landlord–tenant law, Affordable housing

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

Retrieved on: 
Tuesday, June 23, 2020
Mortgage, Real estate, Real property law, United States housing bubble, Land law, Foreclosure, Urban decay, Auction, Economy, Foreclosure investment

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

Retrieved on: 
Tuesday, June 23, 2020
Residential Building & Real Estate, Construction & Property, Natural Resources, Other Natural Resources, Limoneira, Real estate, Lennar Corporation, Real property law, Condominium, Land lot, Land law, Property

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

Retrieved on: 
Monday, June 22, 2020
Mixed liquor suspended solids, Sewerage, Foreclosure, Land law, Real estate, Property law

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

Retrieved on: 
Monday, June 22, 2020
Black Knight, Brooklyn, Jacksonville, Fidelity National Financial, Information technology management, Business process management, Foreclosure, Land law, Economy, Finance

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

Retrieved on: 
Tuesday, June 16, 2020
Valuation, Real estate valuation, Real estate, Appraisal Institute, Appraisal, Ai, Land law, Property, Real estate appraisal, The Appraisal Foundation

"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.