Alliance Real Estate

Featured Article

• Top 7 Foreclosure Stories of Past Year

  Thursday Jun 19 | via Realty Trac 

  The euphoria that surrounded six years of escalating home prices, record levels of home sales and rock-bottom interest rates crashed and burned in 2007, forcing many foreclosure investors to ratchet down their ...

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  Related Topix: Financial Services, Housing, Foreclosures, Home, Mortgage

Regional Headlines

• Wachovia quits offering risky mortgage loan

  Monday Jun 30 | via Sac Bee 

  Beleaguered consumer bank Wachovia Corp. said Monday it will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest.

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  Related Topix: Home, Mortgage, Mortgage, Personal Finance, Wachovia Corporation, Banking, Financial Services, North Carolina, Foreclosures

• Bill to Help Struggling Homeowners Making Progress

  Friday | via WNCT-TV Greenville 

  A plan that could help 25,000 North Carolinians keep their homes is making progress.

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  Related Topix: North Carolina, Home, Mortgage, Mortgage, Personal Finance

• Asheville Residential Sales Statistics - June 2008

  Friday Jul 4 | via Athomeasheville.com 

  Source: Search performed in North Carolina Mountains MLS. Excludes manufactured and modular homes.

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  Related Topix: North Carolina, Real Estate, Mortgage, Home

• July 3, 2008, at the NC General Assembly

  Thursday Jul 3 | via The Dispatch 

  HEADLINES: - House, Senate reach agreement on $21B NC budget bill, vote expected next week - Final budget bill leaves out using surplus for teacher salaries - Borrowing could increase $857 million over four ...

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  Related Topix: Foreclosures, Home, Mortgage, Mortgage, Personal Finance, North Carolina Government, North Carolina

• CDO Creators Seek Redemption, and Profits, From Subprime Mortgage Market

  Tuesday Jul 1 | via Bloomberg.com 

  Money managers including TCW Group Inc. and Harding Advisory LLC that topped the list of firms behind the most toxic mortgage securities have raised more than $4.3 billion to invest in home-loan debt.

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  Related Topix: Financial Services, Investment Services, Foreclosures, North Carolina, Investment Banking, Goldman Sachs Group

National Headlines

• Beware of reverse mortage scams

  6 min ago | via Jacksonville Daily News 

  Columnist's Note: This letter has been edited for length. Dear Troubleshooter: I read your column all the time and find it most informative.

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  Related Topix: Family, Elderly, Home, Mortgage, Mortgage, Personal Finance

• Condo Volume for June down 52% from the high

  2 hrs ago | via Ardell's Seattle Real Estate Blog 

  The number of King County condo sales in June of this year is 52% lower than the highs of 2005 and 2006 and a little more than 50% lower than June of last year.

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  Related Topix: Housing

• Acacia revamps and expands mortgage business

  3 hrs ago | via Bizjournals 

  While many lenders are ‘running away’ from residential mortgages, Acacia Federal CEO James Barber plans to almost quadruple the amount of home loans his bank originates each month.

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  Related Topix: Mortgage, Home

• No Velvet Rope

  Thursday Jul 3 | via SmartMoney 

  THESE DAYS CONSUMERS are dealing with skyrocketing prices for everything from a gallon of gas to a gallon of milk.

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  Related Topix: Home, Mortgage, Personal Finance, Retirement

• Others' economic woes bring business to bankruptcy attorney

  10 min ago | via The Business Journal of Phoenix 

  High foreclosure rates and the increasing number of individual and small-business bankruptcies are keeping attorney Dan Gukeisen’s services in demand.

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  Related Topix: Foreclosures