Brooks Real Estate News
Real Estate news for Brooks, OR continually updated from thousands of sources.
Friday Sep 19 | via Local TV Station KTVZ
Bank of America has agreed to pay $31 million to settle a class action lawsuit that claims mortgage borrowers were forced to maintain excessive flood insurance coverage. The Oregonian reports Friday that U.S. District Court Judge Michael Simon approved the settlement in an opinion filed Thursday. Comment?
Friday Sep 19 | via News-Register
A proposal for purchase of McMinnville's Jandina Park Apartment Complex, where 24 of 36 units are federally subsidized, has been submitted to the U.S. Department of Agriculture's rural development arm. "Once can deem the applicant eligible, and the proposal it offers feasible, then we can deem it eligible," said Sherryl Gleason, a multi-family housing specialist working for the agency in Oregon. Comment?
Wednesday Sep 17 | via Estacada News
An allocation from Oregon lawmakers will allow homeowners to continue to receive counseling and meet with lenders to avoid foreclosures. But the $659,300 set aside Wednesday by the Legislative Emergency Board will continue the program only through March, when the full Legislature will be back in session. Comment?
Monday Sep 15 | via OregonLive.com
Steve Duin's Sept. 9 column about escrow officers overlooks existing statutory requirements in real estate transactions and substitutes his judgment on what they should do instead. Comment?
Thursday Sep 11 | via OregonLive.com
Oregonians loaded with student debt will have to earn 24 percent more than their peers without student debt in order to buy an equivalent home, according to a recent study. Even so, a would-be homebuyer with a typical debt load can still get a mortgage to buy a median-priced Portland-area home, according to the analysis from real estate listings firm RealtyTrac . Comment?
7 min ago | via Canada NewsWire
West, Building class definitions categorize office buildings as Class A, Class B and Class C. In many markets, Class A can be subdivided into sub-categories such as Prestige, AAA, AA and A. New categories have even started to emerge, such as Class I . Commercial real estate agents, owners and managers determine the class of each building. Comment?
15 min ago | via Information Technology
Transfersafe allows borrowers and their loan officers to collaborate and share documents in a secure environment powered by Box, dramatically improving the experience of buying and financing a home. "If there's any industry ripe for disruption from smart technology, it's the mortgage industry," said Martin J. Logan, chief information officer of Guaranteed Rate. Comment?
17 min ago | via Examiner.com
Is it that renters today simply do not want to own because of changed attitudes toward housing ? Or are they prevented from entering home ownership by factors such as low incomes and weak personal finances, coupled with difficult access to mortgage credit? According to a recent survey , the main reasons preventing renters from becoming owners are weak balance sheets , low income, and lack of access to credit. Some cite inherent advantages of being a renter such as low upkeep and more flexibility. Comment?
26 min ago | via Inside Bay Area
The show will go on for the financially strapped Bankhead Theater -- assuming Alameda County comes through with its monetary contribution. Livermore City Council members did their part on Monday, voting unanimously to approve a series of agreements that culminates in the city paying down a sizable portion of the Livermore Valley Performing Arts Center's $22.2 million debt for the 500-seat theater, and taking over ownership. Comment?
30 min ago | via Examiner.com
ET sat down with the Real Housewives of New Jersey , including possible future jail bird Teresa Guidice. She told us how she's holding up. Comment?
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