Commercial Real Estate Delinquencies & Defaults on the Rise

Commercial Real Estate Delinquencies & Defaults on the Rise

February 1, 2010 by Victoria Stankard · Leave a Comment 

Although the U.S. housing market is showing glimmers of recovery, the commercial real estate sector is another story. The weak economy, rising unemployment rate, falling real estate values and more stringent than ever underwriting standards have made refinancing much more difficult for commercial real estate property owners.   Phillip F. Blumberg, chairman of Blumberg Capital Partners, says [...]

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Realtors Step Up to the Plate in Donations for Haiti’s Countless Victims

Realtors Step Up to the Plate in Donations for Haiti’s Countless Victims

January 22, 2010 by Victoria Stankard · Leave a Comment 

“Realtors Build Communities and there is no better time to do that in Haiti.” According to United Nations data issued on Tuesday, more than 1.2 billion dollars have already been pledged in aid funding to devastated Haiti, struggling to recover from last week’s deadly earthquake. International organizations, individuals, countries and private companies have generously donated funds [...]

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Rise in Bankruptcy Filings Due to Unemployment and Housing Market

Rise in Bankruptcy Filings Due to Unemployment and Housing Market

January 11, 2010 by Victoria Stankard · Leave a Comment 

There were a total of 1.41 million bankruptcy filings in 2009, a 32% increase in personal filings from the previous year. It marked the highest number of filings since the bankruptcy laws were changed in 2005, making it more difficult to file. The economy has pushed more and more Americans into economic distress with a [...]

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Beware of Foreclosure Scams – Charlotte North Carolina

Beware of Foreclosure Scams – Charlotte North Carolina

October 20, 2009 by Victoria Stankard · 5 Comments 

In these tough economic times, many homeowners are facing possible foreclosure. Consequently, foreclosure rescue scams that target families who have fallen behind on their mortgage payments are on the rise across the nation. Unsuspecting homeowners need to beware of foreclosure scams artists who make false promises to save their homes. Instead, they cause financial damage, [...]

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