by LRA Real Estate Group | Feb 4, 2011
REAL ESTATE by AnnaMaria Andriotis, Wall Street Journal Once every homeowner’s answer to a cash shortfall, the ability to borrow against your home equity all but disappeared a few years ago right along with, well, home equity. But now, at a growing number of...
by LRA Real Estate Group | Feb 3, 2011
Dictionary of Finance and Investment Terms A limited partnership is an organization made up of a general partner , who manages a project, and limited partners, who invest money but have limited liability, are not involved in day-to-day management, and usually cannot...
by LRA Real Estate Group | Feb 3, 2011
From Wikipedia, the free encyclopedia Nonrecourse debt or a nonrecourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borrower defaults, the lender/issuer...
by LRA Real Estate Group | Feb 3, 2011
Jan. 31, 2011 Associated Press Arizona Republic WASHINGTON – A leading Republican lawmaker is asking regulators to explain why taxpayers have spent more than $160 million in legal fees to defend the giant mortgage companies Fannie Mae and Freddie Mac and their...
by LRA Real Estate Group | Feb 3, 2011
by Megan Neighbor – Feb. 3, 2011 The Arizona Republic In a strategic move by its new ownership group to get a fresh financial start, the Arizona Biltmore, one of Phoenix’s oldest and most iconic resorts, has gone into bankruptcy. The resort’s...
by LRA Real Estate Group | Feb 3, 2011
S&P: Slower liquidation rates to blame By Inman News Inman News™ February 02, 2011 It may take more than four years to clear the “shadow inventory” of distressed homes lurking on the sidelines in the U.S., a factor that’s likely to...
by LRA Real Estate Group | Feb 3, 2011
BY MORTGAGEORB.COM ON MONDAY 31 JANUARY 2011 The U.S. Treasury Department says that permanent modifications executed under the Home Affordable Modification Program (HAMP) are performing well over time. Of HAMP loan mods that became permanent in the fourth quarter of...
by LRA Real Estate Group | Feb 3, 2011
Phoenix Business Journal – by Mike Sunnucks Date: Friday, January 28, 2011 Banks and mortgage lenders are shunning a $125 million foreclosure assistance program started by the state of Arizona in September. Thus far, only one — National Bank of Arizona — has...
by LRA Real Estate Group | Feb 1, 2011
Search giant cites low use, proliferation of search sites By Inman News Inman News™ January 26, 2011 Search giant Google will no longer support real estate listings uploaded to its classifed listings site on Google Maps, the company announced today. Consumers will no...
by LRA Real Estate Group | Feb 1, 2011
by Griselda Nevarez – Feb. 1, 2011 Arizona Republic PHOENIX – Attending a renewable-energy company’s grand opening Monday, Gov. Jan Brewer said Arizona will become the U.S. leader in solar manufacturing and technology. “I believe Arizona is the...
