Commerce Township Real Estate News
Real Estate news for Commerce Township, MI continually updated from thousands of sources.
Oct 11, 2015 | via MLive.com
With a slate foyer and floor-to-ceiling window views of Long Lake, the home at 1662 Lakesview Drive in Oakland County can be yours for $1.1 million. The house has 6,176 in total finished square footage, including five bedrooms and 5.2 bathrooms, according to the listing by realtor Katherine E. Broock of Max Broock Realtors-Birmingham. Comment?
Oct 24, 2015 | via WKYC-TV Cleveland
The $500 auction sale of the former American Motors headquarters on Detroit's west side has been indefinitely postponed amid claims by a past owner that the property's tax foreclosure was a sham. $500 American Motors sale blocked, ownership disputed The $500 auction sale of the former American Motors headquarters on Detroit's west side has been indefinitely postponed amid claims by a past owner that the property's tax foreclosure was a sham. Comment?
Oct 22, 2015 | via Patch.com
With combined assets of more than $1 billion, Level One Bank will become the largest locally owned bank in Oakland County. Level One Bancorp Inc. will acquire Farmington Hills-based Bank of Michigan, also based in Farmington Hills, under an agreement announced Thursday. Comment?
Oct 15, 2015 | via Oxford Leader
Brandon Twp.- Angela Ewald's house on Michael Street is a fixer-upper. Under sunny skies on a recent Thursday morning, men are shoveling shingles from the roof. Comment?
Sep 24, 2015 | via C & G Newspapers
Michigan Attorney General Bill Schuette announced Sept. 16 that an Orchard Lake man has pleaded guilty to stealing hundreds of thousands of dollars from Michigan residents facing mortgage foreclosures. Comment?
Wednesday Nov 4 | via MLive.com
Former real-estate developer Charles Patrick Gahan was sentenced Wednesday, Nov. 4, to five years, 10 months in federal prison in an $8 million "mortgage-stacking" scheme. Gahan, 52, was remanded to the custody of U.S. Marshal's Service after sentencing by U.S. District Judge Robert Holmes Bell. Comment?
Wednesday Nov 4 | via MLive.com
Charles Patrick Gahan, 52, who has been living in Florida, will join co-defendant Scott Hoeft, owner of Prime Title Services, in the federal Bureau of Prisons for defrauding banks, lenders and real-estate title insurance companies. Hoeft wrote title insurance policies for First American Title and Old Republic National Title Insurance and committed financial fraud against several financial institutions linked to Gahan's residential developments. Comment?
Wednesday Oct 28 | via MLive.com
Ann Arbor's original "tiny house" community just passed a quiet milestone: A listing in Pittsfield Village hit the market this month priced at more than $100,000. The two-bedroom, 695-square-foot tri-level on Parkwood went under contract quickly - reportedly for even more than the $109,000 list price - signaling that Ann Arbor's hot real estate market seems to be reaching every corner of the market. Comment?
Oct 1, 2015 | via ClickOnDetroit
Starting Oct. 3, new federal rules go into effect that are designed to make the process a little easier. As with any new change, there will be ripple effects and those changes will impact how quickly you are able to buy and sell a home. Comment?
Sep 30, 2015 | via Seeking Alpha
Cracks in the global economic picture. A Federal Reserve juggling interest rate timing. Comment?
41 min ago | via The Age
Barely a month after the major banks lifted interest rates to comply with new regulations, companies like Andrew Forrest's Fortescue Metals Group are getting discounts of close to 20 per cent on their debt. It's not a tale of inequality nor double standards, but rather an insight into funky things happening in global debt markets at the moment. Comment?
3 hrs ago | via American Banker
Auto-loan, commercial-mortgage-backed and other securitizations use what is known as the swaps curve to price floating-rate deals. But pricing volatility is causing some to ask whether the market should go back to Treasuries after a 15-year hiatus. Comment?
6 min ago | via TheStreet.com
One of the biggest assumptions being made by investors and financial pundits about rate hikes from the Fed is that they are unilaterally positive for banks, especially for the four money centers, Bank of America Corporation , Wells Fargo , JPMorgan Chase , and Citigroup . Although there's been little change in their stock prices year to date, in the past three months, as markets have begun to acclimate to an environment of imminent Fed rate hikes, they have all performed very well, with Bank of America up 14%, Wells up 10%, Morgan up 11%, and Citi up by 9%. Comment?
7 min ago | via Portland Architecture
As I write this on the eve of Thanksgiving, Portland's built environment is transforming at a rate that has rarely been matched in the city's history. Comment?
10 min ago | via Daily Journal
A flurry of data released Wednesday signaled that the fundamentals of the U.S. economy remain solid, if unspectacular, three weeks before the Federal Reserve will likely begin raising interest rates. Consumers appear relatively confident in the economy and may be poised to spend a decent chunk of their rising incomes during the holiday shopping season. Comment?
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