By Rebecca Hennes Updated 8:06 am CST, Wednesday, January 30, 2019 This $9.75 million River Oaks estate slated for foreclosure looks like a miniature version of the Daddy Warbucks' mansion from "Annie." The property boasts an indoor heated swimming pool surrounded by bronze columns, Tiffany-style glass stained dome ceilings, sauna, wine cellar, marble flooring and a second story terrace that envelops the property. less This $9.75 million River Oaks estate slated for foreclosure looks like a miniature version of the Daddy Warbucks' mansion from "Annie." The property boasts an indoor heated swimming pool surrounded by bronze ... more Photo: HAR/Claudia Fathivand/Nan And Company Properties Christie's International Real Estate Photo: HAR/Claudia Fathivand/Nan And Company Properties Christie's … [Read more...] about $9.75M River Oaks luxury estate foreclosure is a miniature Daddy Warbucks mansion
Real estate foreclosures
SECTIONS Search E-edition Customer Service Advertise Newsletters News News Local Crime Databases Education Election Politics Nation/World Special Reports Carolina College Bound Corrections Columnists Retro Charlotte Your Schools All Blogs & Columns Sports Sports Carolina Panthers Charlotte Hornets That's Racin' High Schools College Sports Charlotte Knights/MLB Other Sports Blogs & Columnists Inside the Panthers Inside the NBA Prep Insiders Scott Fowler Tom Sorensen All Blogs & Columns Politics Politics Elections The North Carolina Influencer Series RNC 2020 Business Business Banking Stocks Center Top Workplaces National Business What's in Store Development All Blogs & Columns Living Living Religion Food & Drink Health & Family Home & Garden CLT … [Read more...] about White House official Mulvaney played role in disputed SC real estate foreclosure
In the mid-2000s, the real estate market seemed too good to be true. Historically low interest rates encouraged buyers to borrow money for their dream homes, as well as speculate on property by buying investment houses on the presumption prices would keep rising.Homeownership rates in the U.S. reached an all-time high in 2004, at almost 70 percent. That year alone, some states like California, Florida and Nevada saw house prices rise by more than 20 percent. “The worldwide rise in house prices is the biggest bubble in history,” warned The Economist in 2005, “Prepare for the economic pain when it pops.”And pop it did. Alarmed by spiraling property prices, the Federal Reserve hiked rates back up, which left many borrowers in the lurch. By 2005, the property market was beginning to wobble, thanks to increased foreclosures and falling prices. In 2007, over 1.2 million foreclosures were filed, up 42 percent from 2005.That was when the housing crisis became headline … [Read more...] about Which States Have Seen House Prices Rise Since the Real Estate Bubble Burst?
Allie Gross Detroit Free Press Published 10:07 p.m. UTC Aug 17, 2018 Felicia Anderson shook her head as she looked at an outdated photo of 17529 Kentfield. The gray, ranch-style bungalow was visible from the 59-year-old’s bedroom window. She saw it every day. But it had been years since she glimpsed at it as it once was: well-kept and thoughtfully trimmed. A home. “Eli took care of it. Inside and out,” Anderson said as she looked at the Google Street View image from 2013, back when Eli Brown, her sister’s ex, lived in the northwest Detroit house. “He kept it up.” To a casual observer, the downfall of 17529 Kentfield was a slow unraveling — difficult to diagnose. Brown left in 2014. New people moved in. Then they moved out. At some point, the grass stopped being mowed. Trash and discarded personal belongings started to stack up out front. Pipes, the garage door and a wrought iron gate were scrapped. By May 2018, … [Read more...] about Detroit real estate game creates chaos in neighborhoods
Joe Guillen Detroit Free Press Published 9:18 p.m. UTC Jul 10, 2018 Detroit property tax official Willie Donwell violated the city's ethics ordinance last year, officials say, by working a second job as a local real estate executive whose company wanted to buy thousands of foreclosed homes in Detroit. Donwell could have benefited financially if his real estate company had bought foreclosed homes while he also had the opportunity to impact the number of foreclosures in the city as a property tax official, the Detroit Board of Ethics concluded in a report last month. "You cannot have an outside position that can be enriched by your duties, your official duties, being a public servant," Julianne Pastula, general counsel for the ethics board, told a City Council committee on June 27. As punishment, the Board of Ethics publicly admonished Donwell for working as director of lifestyle programs and president of Home Team, a real estate firm that tried to buy 2,000 … [Read more...] about Detroit tax official reprimanded for second job in real estate