Sayville Real Estate News
Real Estate news for Sayville, NY continually updated from thousands of sources.
6 hrs ago | via Newsday
Long Island's foreclosure rate is falling, but the region still suffers more housing distress than the rest of the country, a new report shows. In Nassau and Suffolk counties, 4.94 percent of homes with mortgages were in foreclosure in July, according to a report released Friday by national data company CoreLogic. Comment?
Monday Oct 5 | via NorthJersey.com
A federal lawsuit filed against David Kushner, the prominent Cresskill businessman charged with stalking and harassing his son's basketball coach, accuses him and others of racketeering and conspiring to defraud investors in a mortgage business. The suit, filed by a Suffolk County, N.Y., investor, claims that Kushner, several businesses of which he is part-owner, and two other owners engaged in "a widespread criminal enterprise" and a "pattern of racketeering activity" in a business that solicited investments to be lent as mortgages. Comment?
Thursday Sep 24 | via Newsday
Board members from the Suffolk County Industrial Development Agency and Suffolk's Economic Development Corp. granted final approval Thursday for tax exemptions and the issuance of tax-exempt bonds to a developer that plans to purchase and renovate a low-income senior apartment complex in Smithtown. The seven-member IDA board voted 6-0, with one absence, to approve up to $606,225 in sales and... Board members from the Suffolk County Industrial Development Agency and Suffolk's Economic Development Corp. granted final approval Thursday for tax exemptions and the issuance of tax-exempt bonds to a developer that plans to purchase and renovate a low-income senior apartment complex in Smithtown. Comment?
Wednesday Sep 16 | via FindLaw
REINALDO E. RIVERA, J.P., RUTH C. BALKIN, ROBERT J. MILLER, and HECTOR D. LASALLE, JJ. Walsh & Roth, LLP, West Babylon, N.Y. , for appellant. Comment?
Wednesday Sep 16 | via Housing Wire
Two men pled guilty for their roles in orchestrating a massive mortgage modification scheme that collectively defrauded over 8,000 homeowners out of over $18.5 million. Ped Abghari, who went by the name Ted Allen, of Irvine, California, and Justin Romano of Blue Point, New York, each pled guilty to wire fraud and conspiracy to commit wire fraud, and Abghari also pled guilty to misprision of a felony. Comment?
5 hrs ago | via Grand Island Pennysaver
Since 2012, attorney general's foreclosure prevention and relief programs have helped more than 50,000 New York families fight to keep their homes Earlier this week, New York Attorney General Eric T. Schneiderman announced $11.5 million in new funding for more than two-dozen legal services organizations statewide to help prevent foreclosures, keep families in their homes, and rebuild communities hit hardest by the housing crash. Awards will be granted to 28 legal services providers with proven track records of providing services to at-risk homeowners. Comment?
Yesterday | via The Real Deal
The premise of "The Closing" interview is simple: each month, sit down with an individual who not only made it to the summit of the New York real estate industry, but through a combination of skill, grit, and chutzpah, shaped it. The interviews have endured because they are so personal: they go beyond the deals and reveal what makes the dealmaker tick. Comment?
Wednesday | via Finance and Commerce
The Dallas-Fort Worth area of Texas, prized for its diverse job market and success luring companies that are relocating, ranked as the top area for commercial-property investment in a survey of almost 1,500 real estate executives, according to a report Wednesday by the Urban Land Institute and PricewaterhouseCoopers LLP. Austin, Texas, and Charlotte, North Carolina, followed - while the big coastal cities of New York, San Francisco and Boston, traditional magnets for buyers, were deemed less attractive. Comment?
Monday Oct 5 | via Reuters
MONTERREY, October 05 The supply of mortgage loans in Mexico has diversified in recent years, underpinned by a more competitive environment, the low level of interest rates, a gradual recovery of the construction sector, and the current housing needs in Mexico, according to a new Fitch Ratings dashboard report. The report also discusses key factors affecting the credit profiles of main participants in the industry. Comment?
Friday Oct 2 | via Reuters
NEW YORK, October 02 Chilean banks' earnings continue to hold relatively steady despite Chile's economic slowdown, says Fitch Ratings. Latest results are being supported by inflation-indexed loans and other assets, as well as moderate loan growth. Comment?
2 hrs ago | via Reuters
WEEKAHEAD The stock market goes into next week with bank earnings starting to trickle out, having gained about 7 percent over eight days despite uncertainty about China and no clarity from whatever the Fed is doing. It's also believed that perhaps earnings estimates have already been ratcheted down dramatically, increasing the possibility of positive surprises. Comment?
21 min ago | via Examiner.com
"99 Homes" - A bank foreclosing on a family's home is a stressful nightmare for the household members in question. Not keeping up on mortgage payments, waiting for dreaded phone calls and staring at eviction notices plastered on one's door is quite the opposite of dreams coming true. Comment?
21 min ago | via Mish's Global Economic Trend Analysis
In response to Chicago Suburbs $1 Million+ Home Sales "Not Totally Dead" Yet; Rush for the Exit , I received emails from Virginia and Texas about slowdowns in those states. Anecdotes do not constitute "data" but all three stories show significant weakness at the high-end in widely varying areas with distinct economic backdrop differences. Comment?
32 min ago | via Sys-Con Media
The transaction is expected to settle in December, 2015, and servicing will be transferred post-settlement. The sale is part of Freddie Mac's Standard Pool Offerings ). Comment?
42 min ago | via Seeking Alpha
With JPMorgan Chase & Co. announcing earnings next week I thought it would be a good time to review them in preparation for the announcement and updated numbers. Comment?
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