Perkasie Real Estate News
Real Estate news for Perkasie, PA continually updated from thousands of sources.
May 29, 2015 | via Patch.com
Miller claimed more than $200,000 in fraudulent insurance payments after a flood devastated the playhouse in 2006, prosecutors said. Miller owned the theater, a former grist mill, for more than three decades before defaulting on more than $2 million in mortgages , NJ.com reported. Comment?
May 26, 2015 | via Realtor Magazine
It's easy to switch to autopilot when you're operating in what can be a high-pressure industry. Just don't overlook your most important asset as a real estate broker: people. Comment?
May 1, 2015 | via Philly.com
There's nothing fancy about the ensemble of redbrick houses that line the 3600 block of Lancaster Avenue in Powelton Village. Built in the late 1870s, when the avenue linked country farms to city markets, the modest, wood-trimmed buildings housed working people who tended shops on the ground floor. Comment?
Apr 1, 2015 | via Philly.com
A Bucks County real estate investor was arrested Wednesday on charges he bilked $600,000 from local banks through an elaborate mortgage-fraud scheme, federal prosecutors said. Dean Rossi, 49, of Warrington, allegedly took out bank loans and claimed he used the money to satisfy mortgages on low-income properties he owned in Philadelphia. Comment?
Mar 19, 2015 | via Philly.com
A woman who moved from Philadelphia to New York City eight months ago has died after she was struck by a windblown sheet of plywood from a construction site in Greenwich Village. Police said Tram Thuy Nguyen, 37, known to her friends as Tina, was fatally injured Tuesday night in front of 175 W. 12th St., near where a condominium project is rising on the site of the former St. Vincent's Hospital. Comment?
Friday Jun 26 | via The Morning Call
Local foreclosure rates hit a five-year low in April, but activity still remains higher than the national average at least partially because of a judicial process in Pennsylvania that can keep properties in limbo for nearly two years. The Allentown-Bethlehem-Easton region's rate, which measures the percentage of loans in some stage of the foreclosure process in Lehigh, Northampton and Carbon counties along with Warren County, N.J., fell to 2.66 percent in April, down from 3.13 percent one year earlier, according to data released Thursday by CoreLogic, a financial and real estate analytics firm. Comment?
Monday Jun 22 | via Insider Monkey
Long Pond Capital is a New York-based hedge fund led by John Khoury . Khoury, with a degree from Wharton School of Business at the University of Pennsylvania, applies a rigorous bottom-up approach to research and invests primarily in real estate investment trusts , and other real estate-related companies. Comment?
Thursday Jun 18 | via National Mortgage News
Housing and property data provider RealtyTrac reported 126,868 foreclosure filings last month, the highest level of activity in 19 months, driven mainly by bank repossessions and a 5% year-over-year increase in scheduled foreclosure auctions. According to the U.S. Market Foreclosure Report, foreclosure filings in May rose 1% from the previous month and saw a 16% year-over-year increase. Comment?
Wednesday Jun 17 | via Natl. Relocation & Real Estate
RealtyTracA recently released its May 2015 U.S. Foreclosure Market Reporta , which shows foreclosure filings-default notices, scheduled auctions and bank repossessions-were reported on 126,868 U.S. properties in May 2015, up 1 percent from the previous month and up 16 percent from a year ago to a 19-month high. The U.S. foreclosure rate in May was one in every 1,041 housing units with a foreclosure filing. Comment?
Tuesday Jun 16 | via Business Wire
As announced previously on December 15, 2014, under the terms of the Merger Agreement, LNB Bancorp Inc. shareholders will be entitled to elect to receive either 1.461 shares of Northwest Bancshares, Inc. common stock or $18.70 in cash for each common share of LNB Bancorp, Inc., subject to an overall allocation of exchanged shares into 50% cash and 50% stock. The companies expect to complete the merger on August 14, 2015, subject to the satisfaction of customary closing conditions. Comment?
12 min ago | via Insurance News Net
Based on Best's Capital Adequacy Ratio , DPL's capitalization remains at an adequate level to support its assets and underwriting risk. With an average claim ratio of approximately 30%, loss activities associated with DPL's book of business have been relatively mild, which is typical of the type of insurance contracts that DPL writes. Comment?
18 min ago | via Nanaimo Daily News
Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage rose to 4.08 per cent this week from 4.02 per cent a week earlier. The rate on 15-year fixed-rate mortgages increased to 3.24 per cent from 3.21 per cent. Comment?
40 min ago | via Business Wire
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41 min ago | via Business Wire
A full list of rating actions follows at the end of this release. The affirmation is based on the stable performance of the underlying trust asset. Comment?
43 min ago | via Patch.com
Naperville home sales for the month of June rose in volume by 26.1 percent when compared to last year, while the median sale price rose by 2.8 percent from $360,000 to $370,000. The number of Single Family homes sales rose by 28.6 percent, while the median sale price rose by 0.4 percent from $427,500 to $429,000. Comment?
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