Real Estate News - Page 11

Page 11 of Real Estate News issued by the Send2Press® Newswire service.



West Auctions Announces Industrial Rack Manufacturing Bankruptcy Sale

LODI, Calif. (SEND2PRESS NEWSWIRE) — West Auctions, a commercial and industrial auction company, announces the bankruptcy auction of Excel Storage Products to take place on January 19, 2011. Interested bidders may register to bid from now until 9:00 a.m. PST that same day.

Foreclosure Filings 2010 Statistics Show No Shortage of Foreclosed Homes

MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Record numbers of foreclosures hit the market in 2010, as well as record numbers of people looking to buy them, reports Foreclosure Deals, a leading online provider of foreclosure news and information, in a year-end Foreclosure Filings 2010 review. The record-breaking trend of 2009 continued throughout the year, as foreclosures have remained high and many experts are expecting them to climb even higher in 2011.

Finding an Apartment in New York with RealDealNY.com is Now Effortless and Effective

NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — Finding an apartment in Manhattan just got easier. Real Deal Solutions Inc. announced today the release of its innovative Web site, located at RealDealNY.com, which gives buyers, renters, and agents a real time search platform for locating apartments for rent or sale in Manhattan, Brooklyn, Queens, Long Island and the Tri-State area.

U.S. Residential Group Picks Up CMBS Special Servicing Assignment in Texas

CARROLLTON, Texas (SEND2PRESS NEWSWIRE) — Another CMBS special servicing assignment has been awarded to U.S. Residential Group, Inc. through its Real Estate Services division. The assignment is for management services on Eagles Landing, a recently foreclosed 200 unit garden style apartment community located in Garland, Texas, a suburb of Dallas.

Industry Report Reveals Home Remodeling Projects Shrink as Homeowners Worry; But News Is Not All Bad

SUNNYVALE, Calif. (SEND2PRESS NEWSWIRE) — A recent report released by Remodelormove.com revealed that homeowners continue to scale back on remodeling projects in response to concern over the economy. ‘We release these industry reports every six months based on a survey of 5,000 homeowners who are considering changing their home – either remodeling or moving,’ says Dan Fritschen, founder.

A Hidden Peril in Woodford and Marshall Counties

ROANOKE, Ill. (SEND2PRESS NEWSWIRE) — Residents of Woodford and Marshall counties are being warned about the possibility of mine subsidence damage occurring to homes built over abandoned, underground mines. The warning is being issued by the Illinois Mine Subsidence Insurance Fund. According to Kathy Moran of IMSIF, ‘There are three things consumers in these counties should know: the first is that their homes may be at risk for mine subsidence.’

Homes in Livingston County at Risk for Mine Subsidence

PONTIAC, Ill. (SEND2PRESS NEWSWIRE) — The risk of mine subsidence is present for many homeowners in Livingston County, and the Illinois Mine Subsidence Insurance Fund (IMSIF) has initiated a consumer education initiative to address the issue. Mine subsidence occurs in an abandoned mine when a mine roof or pillar collapses, causing the ground above to sink or subside.

U.S. Residential Group Expands Property Base Throughout The United States

DALLAS, Texas (SEND2PRESS NEWSWIRE) — U.S. Residential Group – a full-service, fee-based multi-family management company with corporate offices in Texas, California and Connecticut – has been awarded the contracts on over 8,300 units over the last 60 days. Located coast-to-coast, these properties represent the full spectrum of conventional, affordable and special services properties and include both large and small multi-family communities.

McLean County Illinois Property Owners Alerted to Mine Subsidence Risk

BLOOMINGTON, Ill. (SEND2PRESS NEWSWIRE) — Some homes in McLean County may be at risk for mine subsidence, according to the Illinois Mine Subsidence Insurance Fund (IMSIF). Mine subsidence occurs in an abandoned mine when a mine roof or pillar collapses, causing the ground above to sink or subside. Homes built in close proximity to these mines are subject to foundation or structural damage, which may cost thousands of dollars to repair.

Hardin and Pope Counties Targeted for Mine Subsidence Education

ROSICLARE, Ill. (SEND2PRESS NEWSWIRE) — In its continuing effort to educate Illinois property owners, the Illinois Mine Subsidence Insurance Fund (IMSIF) announced that residents of Hardin and Pope Counties should be aware of the possibility that their homes may be built over abandoned, underground mines, which would make them at risk for possible mine subsidence.

Residents of Henry County May Be at Risk for Mine Subsidence

KEWANEE, Ill. (SEND2PRESS NEWSWIRE) — The Illinois Mine Subsidence Insurance Fund (IMSIF) is expanding its consumer education campaign to make residents of Henry County aware of the possibility that their homes may be built over abandoned mines, which would make them at risk for possible mine subsidence. Mine subsidence occurs in an abandoned mine when a mine roof or pillar collapses, causing the ground above to sink or subside.

PowerFlite Launches Next Stage of Windsor Place Intro Campaign

QUINCY, Mass. (SEND2PRESS NEWSWIRE) — Advertising, branding and design firm PowerFlite Communications has launched the next stage of its comprehensive brand introduction campaign for Windsor Place of Wilmington, a premium assisted living residence in Wilmington, Massachusetts. Beginning with developing the name and core identity, PowerFlite’s original campaign included everything from radio, print, and sales kits.

Bondroff Realty International Merges into Elite Pacific Properties

HONOLULU, Hawaii (SEND2PRESS NEWSWIRE) — Elite Pacific Properties, a fast-growing boutique Oahu real estate firm specializing in mid- to high-end real estate, announced today that it has merged with Bondroff Realty International. Christine Bondroff, President of Bondroff Realty, has joined Elite Pacific Properties as Director of Business Development.

Number of Foreclosures in August, 2010 Still Falling

MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Foreclosure Deals, an online leader in the foreclosed homes for sale listings and information industry, announced today that foreclosures increased by 4 percent nationwide during July and still have fallen in the month of August. The month’s total of 325,225 homes represents a 10 percent decrease from foreclosure totals in June 2009, and indicate that the trend of rising bank repossessions is continuing well into the summer.

Prominent REALTOR Kelly Mitchell Joins Elite Pacific Properties as Partner

HONOLULU, Hawaii (SEND2PRESS NEWSWIRE) — Elite Pacific Properties, a fast-growing boutique Oahu real estate firm specializing in mid- to high-end real estate, added Kelly Mitchell as Partner on August 24, 2010. Mitchell, who ranks among Oahu’s top 3 percent of real estate agents, is a nationally recognized social media enthusiast.

Bank Repossessions Hit Record High

HOUSTON, Texas (SEND2PRESS NEWSWIRE) — Foreclosure-Support, a market-leading source of foreclosed home listings and foreclosure market analysis, reported today that bank repossessions during the second quarter of 2010 topped out at 269,962 properties, the highest ever quarterly total since the foreclosure crisis began. The figure was up 5 percent from the previous quarter, and 38 percent from the second quarter of 2009.

Bank Foreclosure Homes Up 38 Percent in Past Year

LOS ANGELES, Calif. (SEND2PRESS NEWSWIRE) — Bank Foreclosures Sale, an online leader in the bank owned homes listings and foreclosure information industry, announced today that bank foreclosures were up 5 percent in the second quarter of 2010. With 269,960 bank repossessions recorded, a new quarterly record was set for bank repossessions, which are up a staggering 38% from the second quarter of 2009.

Foreclosures Dip 5 Percent in First Half of Year

MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Foreclosure Listings Nationwide, a leading provider of foreclosure listings and foreclosure investment information, announced a nationwide 5 percent decrease in foreclosure properties over the past six months. Much of the decrease occurred during the second quarter of 2010, when foreclosures fell 4 percent from the previous quarter and were up only 1 percent from the second quarter of 2009.

U.S. Senate Candidate Gail Goode Challenges Kirsten Gillibrand to Debate Across the State

NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — U.S. Senate Candidate Gail Goode (D-NY) today challenged her primary opponent, Kirsten Gillibrand, to a series of debates around New York State prior to the Democratic primary on September 14. Goode will appear on the Democratic primary ballot.

Sandlin Custom Homes Breaks Ground on New Homesites in the Dallas-Fort Worth Market

DALLAS, Texas (SEND2PRESS NEWSWIRE) — Signs of a recovering market are becoming more evident. The number of homes and developed lots continues to decrease steadily. One of Dallas-Fort Worth’s major homebuilders is doing what seemed impossible 18 month ago – rolling out an entire new phase in one of their most popular north Texas communities.

31% of Home Sales in First Quarter Were Foreclosures

MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Foreclosure Deals, an online leader in the foreclosed homes for sale listings and information industry, announced today that 31% of all residential properties sold in the first quarter of 2010 were foreclosure properties. Experts at the company believe the statistic shows that people are continuing to turn to the foreclosure market as a plentiful source of low cost homes.

Foreclosures Plateau in April

MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Foreclosure Support, an online listings provider of foreclosed homes for sale, reported that foreclosures dropped 9 percent nationwide during the month of April, leading experts to speculate that the foreclosure homes market may finally have plateaued. In addition to the 9 percent drop since March, foreclosures fell 2 percent from April of 2009, marking the first year since the foreclosure crisis began that the market has seen an overall drop.

Foreclosures Fall 9 Percent Nationwide During April

MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Foreclosure Deals, a leader in providing listings of foreclosed homes for sale nationwide, reported today that foreclosure filings in April fell 9 percent from the previous month, and over 2 percent from April of 2009. The company also revealed that default notices, which mark the beginning of a new foreclosure, were down 12 percent from March and over 27 percent from the previous year, while bank repossessions (also known as REOs) of existing foreclosures hit a record high.

Massachusetts Housing Finance Agency Selects Titan Lenders Corp For Mortgage Purchase Review Outsource Services

DENVER, Colo. (SEND2PRESS NEWSWIRE) — Mortgage fulfillment outsource services expert Titan Lenders Corp (TLC) has been chosen by the Massachusetts Housing Finance Agency (MassHousing) to provide outsourced mortgage purchase review services. MassHousing is an independent, quasi-public agency that provides financing for affordable housing in Massachusetts. TLC is a U.S.-based domestic mortgage fulfillment outsource operation that offers back office and warehouse line management operations.

DataTrac Tools Help North Collin County, Texas Habitat for Humanity Compete for Funds, Advance Affordable Home Ownership

DALLAS, Texas (SEND2PRESS NEWSWIRE) — Del Mar DataTrac(R), Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, collaborated with the North Collin County Habitat for Humanity chapter in McKinney, TX, by providing its DataTrac Originator point of sale (POS) system which includes powerful tools to support the organization’s affordable home ownership initiatives.

Foreclosures Up by 7 Percent During First Quarter

MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Bank Foreclosures Sale, an online leader in the foreclosure listings and information industry, reported new statistics for the first quarter show foreclosures are up 7 percent from the most recent quarter, and almost 16 percent from the first quarter of 2009. While the first two months of the year saw relatively low foreclosures, filings surged 19 percent in March, largely accounting for the overall quarterly increase.

13 Georgia Business Brokers Named to Million Dollar Club with $30 Million Sold

ATLANTA, Ga. (SEND2PRESS NEWSWIRE) — The economy may be in a slump, but 13 members of the Georgia Association of Business Brokers (GABB) helped enough business owners buy and sell $30 million worth of businesses to earn membership to the organization’s prestigious Million Dollar Club for 2009. Each year the GABB, the state’s only professional association dedicated to buying and selling business, recognizes the state’s outstanding business brokers.

Building Engines Reports Continued Expansion with Related Management

BOSTON, Mass. (SEND2PRESS NEWSWIRE) — Building Engines, provider of a comprehensive Web-based operations management solution for owners and managers of all property types, today reports continued long-term system adoption within Related Management, a division of The Related Companies, Inc., a world-renowned real estate developer, owner and manager based in New York City. The announcement comes after a successful year of adoption and usage across commercial office, retail, and hospitality properties.

Georgia Real Estate Commission Chairman to Speak to Business Brokers on Licensing

ATLANTA, Ga. (SEND2PRESS NEWSWIRE) — Buying or selling most businesses requires a license, and Robert Love, chair of the Georgia Real Estate Commission, will speak to the Georgia Association of Business Brokers about state licensing requirements at the group’s monthly meeting on Tuesday, April 27, at 10:30 a.m.

Foreclosure Rates on the Rise Across the Nation

NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — Data published by ForeclosureListings comparing March 2010 to February 2010 shows that Florida and Georgia had an important increase in foreclosure rates at 21.26 percent and 20.14 percent respectively. Michigan, one of the economically hardest-hit by the recession and a leading state in the number of foreclosure states surprisingly had only a .44 percent rise in foreclosures for the same time period.

More than 4 Million Families Face Foreclosure

NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — Data published by ForeclosureListings comparing February 2010 to January 2010 shows that Texas has witnessed the highest increase in foreclosures with a rise of 35.3 percent, followed by Michigan at 17.54 percent, California at 11.93 percent, and Florida at 4.71 percent increases. Georgia actually showed a decrease of 5.55 percent and Arkansas showed the largest drop in foreclosures down 28.6 percent.

Pacific West Management, Inc. Joins U.S. Residential Group, Inc. to Serve Multi-Family Industry Nationwide

DALLAS, Texas (SEND2PRESS NEWSWIRE) — Pacific West Management, Inc. is pleased to announce its affiliation with U.S. Residential Group, Inc., a Dallas-based company established to provide multi-family real estate services on a nationwide scale. U.S. Residential Group is a full-service, fee-based management company for conventional and affordable multi-housing communities.

U.S. Residential Group, Inc. Formed to Serve Multi-Family Industry Nationwide

DALLAS, Texas (SEND2PRESS NEWSWIRE) — U.S. Residential Group, Inc., a company based in the Dallas-Fort Worth area, has been formed to provide management and real estate services to the multi-family housing industry nationwide. USRG is a full-service, fee-based management company for conventional and affordable multi-housing communities.

Art Lennig to Lead Georgia Association of Business Brokers

ATLANTA, Ga. (SEND2PRESS NEWSWIRE) — Art Lennig, a regional director of Murphy Business and Financial Corporation, has been elected president of the Georgia Association of Business Brokers (GABB) for 2010. GABB is the state’s only professional organization and Multiple Listing Service dedicated to buying and selling businesses and franchises.

Building Engines, Inc. Responds to Struggling Real Estate Market and Announces the ‘NOCOST’ Vacant Building Relief Program

BOSTON, Mass. (SEND2PRESS NEWSWIRE) — Building Engines, provider of a comprehensive Web-based operations management solution for owners and managers of all property types, today responded to the struggling real estate market with the launch of a new Vacant Building Relief Program. The program, No Occupancy Carry-Over System Trial (NOCOST), allows owners and managers of vacant buildings to use the Building Engines operations and workflow management system at no cost.

Bank Foreclosures Sale Reports Fewer Foreclosures in January

MIAMI, Fla. (SEND2PRESS NEWSWIRE) — New statistics from Bank Foreclosures Sale, a leading online provider of foreclosure listings and information, reveal that foreclosure rates in states across the nation were down significantly during January. Nationally, the number of foreclosures for sale fell by 10 percent from December to January, with a total of 315,710 foreclosure homes reported.

Foreclosure Deals Reports on Falling Foreclosures in January

LOS ANGELES, Calif. (SEND2PRESS NEWSWIRE) — New statistics from Foreclosure Deals, a leader in foreclosure listings industry, show the market for foreclosures is already improving in 2010, with foreclosures down 10 percent in January from the previous month. Foreclosure property inventories also fell in traditional foreclosure hotspots throughout the nation, which experts believe could be an excellent sign for buyers considering a purchase this year.

Unemployment, Economic Hardship among Factors of Foreclosures in the U.S.

NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — Foreclosure Listings confirmed that the national foreclosure rate in January was one foreclosure filing for every 466 U.S. households; the most severe problems continue in the west and in Florida. Unemployment, economic hardship, negative equity, and credit availability are driving the foreclosures. Yet between the months of December 2009 and January 2010 a drop in the actual number of foreclosures was recorded.

Metro Brokers CEO Kevin Levent to speak to Georgia Association of Business Brokers

ATLANTA, Ga. (SEND2PRESS NEWSWIRE) — The president and CEO of Georgia’s largest real estate company, Kevin Levent of Metro Brokers, will tell Georgia’s business brokers how he decided to rebrand and join forces with two national brokerages in late 2009. Metro Brokers CEO Levent will speak to the Georgia Association of Business Brokers at their meeting Tuesday, February 23, 2010 at the South Terraces Conference Center.

Building Engines, Inc. Reports Strong 2009 Revenue Growth Despite Difficult Economy, Announces Continued Expansion of Client Service Programs

BOSTON, Mass. (SEND2PRESS NEWSWIRE) — Building Engines, provider of a comprehensive Web-based operations management solution for owners and managers of all property types, today announced overall recurring revenue growth of 34 percent in 2009, matching its strong performance in the previous year. Despite the struggling real estate market in a difficult economy, the company broadened product functionality, enhanced platform usability, and increased its service programs.