Tag Archives: Pennsylvania

Interesting Housing News Links (May 06, 2009)

* In Bank Demolition Echoes of the Great Depression (Emily Friedlander, Wall Street Journal)

In an image that echoes scenes of the Great Depression, a Texas bank has just finished up demolishing 16 new and partially built houses it acquired in Southern California through foreclosure. The bank determined that wrecking the homes was more cost-effective than finishing and selling them.

* Report: Too many recyclables in city’s dump (Brian Nearing, Times Union)

Too much paper that ought to be recycled is winding up in the city’s Rapp Road dump, according to a consultant’s report.

* Paying flooding costs with no flood insurance (Brandi Hodges, KAIT)

With more rain on the way folks are wasting no time ripping out what the floods destroyed. For some, cleaning up could clean out their bank accounts. Some people who live along the flooded areas of Trumann have flood insurance but others do not. Insurance is available but it does come at a cost.

* Who really killed bankruptcy reform? (Emily.Flitter, American Banker)

The banking industry expressed grave fears over the mortgage cramdown legislation that failed in a Senate vote last week , but a post-mortem on the scene makes that anxiety seem a little overhyped. With so many different groups vying to kill the legislation, the vote last week was never a nail-biter.

* Police: New system will cut down on false alarms (Lee Mc Guire, KHOU)

Every day, Houston police respond to nearly 300 burglar and panic alarms. Each of those alarms takes two officers nearly an hour to deal with, and almost every one of those calls is false.

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Interesting Housing News Links (April 14, 2009)

* Dangerous Drywall (Jon Fairbanks, WVLA)

It’s something most new homeowners wouldn’t even imaginethat the drywall used to build their home could be dangerous.

* Banks accused of profiteering as they triple mortgage margins (Myra Butterworth, Telegraph)

The difference between the Bank of England’s benchmark interest rate and the average rate on a tracker mortgage has risen from 1.18 per cent at the beginning of April last year to 3.20 per cent today, according to personal finance website Moneyfacts.co.uk

* Sure, rates are low, but refinancing isn’t for everyone (Herb Weisbaum, KVAL)

Uncle Sam wants you to refinance. President Barack Obama on Thursday urged homeowners to jump at low interest rates and refinance their home loans. But refinancing is not for everyone.

* Sacramento County median price makes another little jump (Jim Wasserman, Sacramento Bee)

We sure don’t want to make too big a deal of this, but the median sales price in Sacramento County rose .3 percent from February to March.

* Attorney General: Health issues a top complaint in NC (Clay Barbour, Independent Tribune)

For the fifth year in a row, health care topped the state’s hit-list for complaints filed with the N.C. attorney general.

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Interesting Housing News Links (February 14, 2009)

* Murder trial in Italy: US student had a scratch (Alessandra Rizzo)

PERUGIA, Italy — An American student accused in the stabbing death of her British roommate had a scratch on her neck hours after the killing, a witness testified Saturday at the murder trial in Italy.

* Challenges mount in countering the housing crisis (Kevin G. Hall, Sacramento Bee)

WASHINGTON President Barack Obama on Wednesday will roll out a plan to attack the trigger of the current global financial crisis: rising U.S. mortgage delinquency and foreclosure rates.

* One in nine American houses empty (Andrew Clark, Guardian Unlimited)

America’s housing market has suffered such a drastic collapse that one in nine homes are vacant as people abandon properties after failing to keep up mortgage or rent payments.

* Feds: gold coins seized from Calif. fraud suspect

Federal prosecutors have seized gold coins estimated to be worth more than $400,000 from a safe deposit box belonging to Christopher Warren, the suspect in a nationwide mortgage fraud scheme who was caught this week.

* Pa. foreclosures drop slightly from December to January

HARRISBURG The number of Pennsylvania homeowners falling behind on mortgages dropped nearly 11 percent from December to January.

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