Winter real estate market forecast is anything but cold

National Association of Realtors (NAR) Chief Economist Lawrence Yun recently spoke at the association’s virtual 2020 Realtors Conference & Expo, during a forum on “Residential Economic Issues & Trends.”



Chief Economist Lawrence Yun of the National Association of Realtors predicts that the 2020/2021 winter real estate market could be one of the best in recent years for sales activity.


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Chief Economist Lawrence Yun of the National Association of Realtors predicts that the 2020/2021 winter real estate market could be one of the best in recent years for sales activity.

Noting that 2020 had been a year of surprises, Yun said particularly surprising was the strength of the housing market during a global pandemic.

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“This winter may be one of the best winters for sales activity,” Yun said. “It won’t match summer or spring sales numbers, but on a winter-to-winter comparison, this could be one of the best breakout years just based on the fact that pending contracts are at such a higher level.”

Mortgage applications are up some 20 percent from a year ago, reflecting

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How the world of Foreclosed was born from a real life identity crisis

Many great games are inspired by their developer’s own real life experiences. Miyamoto famously drew on his experiences of hiking around the Kyoto countryside to conjure up a sense of exploration and wonder in The Legend of Zelda. Nina Freeman wrote Cibele as a reflection on her own first romantic relationship developed online. Even Will Wright found satisfaction in rebuilding his home after the Oakland-Berkeley Firestorm of 1991, inspiring his creation of The Sims franchise. But not all memories, as we know, are good ones. 



Foreclosed


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Foreclosed

Foreclosed, a game about a man robbed of his identity in a dystopian cyberpunk future, is also inspired by a real life event that its Antab Studio co-founders Lara Gianotti and Andrea Tabacco went through together, and though neither are eager to share the full details of what happened, it doesn’t sound like a particularly envious experience. 

“It gave us

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Millions of Americans expect to lose their homes as COVID-19 rages

Millions of Americans expect to face eviction by the end of this year, adding to the suffering inflicted by the coronavirus pandemic raging across the US.

About 5.8 million adults say they are somewhat to very likely to face eviction or foreclosure in the next two months, according to a survey completed Nov. 9 by the US Census Bureau. That accounts for a third of the 17.8 million adults in households that are behind on rent or mortgage payments.

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The CARES Act, signed into law last March, allows homeowners to pause mortgage payments for up to a year if they experience hardship as a result of the pandemic. Borrowers who signed up at the start of the program could face foreclosure by March.

The Centers for Disease Control and Prevention’s nationwide temporary suspension on evictions — aimed at stemming the spread of

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Cook County announces effort to combat expected wave of evictions, foreclosures

“A wave is on the horizon here in Cook County and across the country,” Preckwinkle said, and “the heaviest burden will fall on the most vulnerable among us, Black and Brown residents. This is unacceptable.” 

Along with representatives of the Cook County Board, Chicago City Hall and the Circuit Court of Cook County, Preckwinkle unveiled an initiative called Cook County Legal Aid for Housing and Debt, or CLAAHD, a county-wide effort to help people deal with eviction, foreclosure, tax debt and property deed issues. 

Its initial funding is $1 million from the county’s share of CARES Act funding, but Preckwinkle said she expects the programs to last well beyond the use of that money and called on Congress to provide more aid. 

The aim is to prevent widespread displacement from housing due to “a crisis that none of us expected,” said Alma Anya, commissioner of Cook County’s Seventh District, on

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Cook County launches legal assistance initiative to help residents facing evictions, foreclosures, unresolved debt

Cook County Board President Toni Preckwinkle Monday announced a new legal assistance initiative geared to help residents facing evictions, foreclosures or unresolved debt issues during the coronavirus pandemic.

The Early Resolution Program — the first of several programs operated under the new Cook County Legal Aid for Housing and Debt (CCLAHD) initiative — will provide free legal assistance, counseling, pre-court mediation and case management for residents and landlords dealing with evictions and delinquent property taxes, Preckwinkle said during a virtual news conference.

Preckwinkle said there will be a tax deed specific program planned for 2021 that will be focused on early outreach to residents who start to fall behind on paying taxes. There’s also a mortgage foreclosure specific program in the works, the county board president said.

“Cook County has been experiencing an affordable housing crisis since at least the turn of the century and the trend has only grown

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Nine indicted in LA-based foreclosure relief scam

Nine people have been indicted for allegedly swindling $6 million from distressed homeowners who believed that the defendants could save them from losing their homes, California Attorney General Xavier Becerra announced Thursday.

Eduardo Toro, Ana Cecilia Toro, Veronica Romero (aka Veronica Marquez), Veronica Toro, Filiverto Gomez, Leticia Mora, Maria Gil, Emmanuel Lopez, and Gladys Velasquez were charged October 30 for crimes of grand theft, identity theft, filing of a false or forged document in a public office, and conspiracy to commit grand theft.

The defendants, who have plead not guilty, were accused of orchestrating an “advance fee mortgage relief scam that claimed to prevent the foreclosure of properties throughout Southern California.”

The 136-count indictment alleges that, between August 2010 and May 2019, members of the scheme targeted distressed homeowners who were facing foreclosure, claiming that they could stop the foreclosure of homes if the homeowners made monthly payments to the

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New life given to historical Gibbs home in Government Hill

With its six chimneys, two wrap-around porches and Victorian charm, this 133-year-old home looks relatively similar from its Mason Street view in Government Hill now then it most likely did when it was built in 1887.

Army Colonel C.C. Gibbs, who after the Civil War got into the land and railroad business in San Antonio, built it. He owned about 10,000 acres of land and built his home as one of the first in the now historical Government Hill neighborhood.

“He was instrumental in the development of San Antonio,” Logan Fullmer, owner of Asset Resolution Partners said. “He built the Gibbs building, the hotel downtown. Which at the time was the tallest building.”

Fullmer said the home was a prominent social symbol where Gibbs loved to host social gatherings.

“We think several of the presidents from the time had been here but we can’t confirm that yet,” Fullmer said.

But

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Home Buying Company in Charleston, Steady Properties Buying Houses for Cash in South Carolina

CHARLESTON, S.C., Nov. 21, 2020 /PRNewswire/ — Steady Properties understands the unexpected obstacles that may come with being a homeowner. Whether it be divorce settlements, unmanageable inheritance, foreclosure, or just about anything else, Steady Properties can help. Steady Properties buys houses in and around Charleston.

Cameron Steadman, owner of Steady Properties, has a passion for real estate and helping people. He understands that selling a home can make for a challenging situation and strives to continuously guide homeowners throughout the entire process. The company is built on the foundation of its values that are honesty and transparency in all aspects of the business.

Steadman is also a licensed real estate agent in the state of South Carolina, bringing a wealth of experience and knowledge to any homeowner he works with. Selling a property to Steady Properties is a simple and straightforward process starting with a phone

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Real Estate and Bankruptcy Attorney Steven Smith Joins Dorsey

DALLAS–(BUSINESS WIRE)–International law firm Dorsey & Whitney LLP announced today that real estate and bankruptcy attorney Steven Smith has joined the Firm as a Partner in its Dallas office.

Mr. Smith’s real estate practice includes representation of conduit and other lenders and borrowers involved in the financing of commercial real estate. He handles assumptions, defeasance transactions, loan modifications, real estate mortgage investment conduit (REMIC), and other servicing issues for commercial mortgage-backed securities (CMBS) master servicers. He also handles pooling and servicing agreement compliance and review, real estate workouts, receiverships, foreclosures, bankruptcies, asset dispositions, litigation, and lender remedy enforcement for various types of commercial lenders, including the representation of CMBS special servicers, and for various parties to non-real estate securitizations including trustees, administrative agents and noteholders.

Mr. Smith’s bankruptcy experience includes providing insolvency counsel to investors, assisting with the acquisition of companies through the Chapter 11 process, and representing

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‘Zombie’ Home Crisis Focus Of New Task Force

MASTIC BEACH, NY — As the coronavirus pandemic continues, the number of abandoned and foreclosed homes in Suffolk County continues to rise.

With an eye toward addressing an issue that has created significant blight and quality-of-life concerns in communities, the Suffolk County legislature, on Monday, approved a measure sponsored by Legislator Rudy Sunderman to create a task force convened to address the “zombie home” crisis, he said in a release.

“We have a widespread problem with vacant and foreclosed homes throughout Suffolk County,” Sunderman said. “Since taking office, I have worked hard within my own community to combat vacant homes through programs such as the Suffolk County Landbank Corporation, but more needs to be done.”

Over the past 15 years, the number of zombie homes in Suffolk County has increased due to the financial crisis of 2008 and Hurricanes Irene and Sandy in 2011 and 2012, he said.

“Zombie” properties

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