Tag Archives: Property/Assets/Rights

Federal agents surround Nevada ranch in desert tortoise standoff

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“A two-decades-old battle between a Nevada rancher and the Bureau of Land Management (BLM) has resulted in officials armed with machine guns surrounding the ranch and forcibly removing the owner’s cattle, according to the rancher’s family.  Cliven Bundy, the last rancher in Clark County, Nev., has been fighting a ‘one-man range war’ since 1993, when he decided to take a stand against the agency, refusing to pay fees for the right to graze on a ranch run by his family for centuries.  After years of court battles, the BLM secured a federal court order to have Bundy’s ‘trespass cattle’ forcibly removed with heavy artillery, the family said.”

http://www.washingtontimes.com/news/2014/apr/9/feds-surround-nevada-ranch-latest-standoff/?page=all

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CFPB targets ‘zombie’ foreclosures

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“Zombie foreclosures result when banks begin a foreclosure -even going so far as to send the homeowners a foreclosure notice – but then abandon it, failing to alert the homeowners, who have often moved out, that they are still responsible for their vacant properties.  Borrowers, who don’t realize they still own their homes, are then left responsible for mortgage debt, taxes and upkeep.  Zombie foreclosures usually occur on low-value properties that weren’t worth the banks‘ time to foreclose upon. Rather, the banks charged the houses off. Banks have been walking away from foreclosures much the way some homeowners walked away from their mortgages.”

http://www.reuters.com/article/2014/03/13/us-regulations-zombie-idUSBREA2C1GA20140313

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6 worst home fixes for the money

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“The magazine looked at prices on 35 popular home renovation projects — and just how much of that money homeowners can expect to recoup when they sell.  In the study, prices were based on national averages for time and materials supplied by skilled professionals (no DIY jobs here). While some projects moved the needle on home value more than others, most didn’t return 100 percent of the renovation cost at resale, according to the report. And the six projects that yielded the least at resale all returned less than 61 cents on the dollar.  Here, according to the 2014 Remodeling Magazine study, are the six home renovation projects that bring the smallest return at resale.”

http://www.bankrate.com/system/util/print.aspx?p=/finance/real-estate/6-worst-home-fixes-for-the-money-1.aspx&s=br3&c=real%20estate&t=story&e=1&v=1

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Four states hit record highs for home prices

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“Home prices in Colorado, Nebraska, North Dakota and Texas hit peaks, and another 18 states were within 10% of their peak prices (see the above chart from CoreLogic).  Factors driving home prices include low inventory and strong employment growth. The Dallas area, for example, recently posted the third largest annual gain in jobs among 32 U.S. metropolitan divisions. Over in North Dakota, county populations are booming, and the state had the No. 1 rate of personal income growth last year.  Of note, the four states that posted record high prices in February also all missed the extreme price volatility seen during the housing bubble and its aftermath.”

http://blogs.marketwatch.com/capitolreport/2014/04/01/four-states-hit-record-highs-for-home-prices/

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Sydney Property Agency Accepts Bitcoin Payments to Woo Chinese

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“Forsyth Real Estate, a Sydney-based property broker, will accept property deposits and payments from sellers in virtual currency Bitcoin to lure business from Chinese home buyers. The broker is Australia’s first property agency to accept Bitcoin, the most popular digital currency, to respond to an influx of foreign investors and expatriates seeking property in the nation’s most populous city, according to its website. Chinese buyers overtook their U.S. counterparts to become the biggest real estate investors in Australia in the year ended June 30, plowing A$5.9 billion ($5.5 billion) into residential and commercial property, according to the nation’s Foreign Investment Review Board.”

http://www.businessweek.com/news/2014-03-27/sydney-property-agency-accepts-bitcoin-payments-to-woo-chinese

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Luxury Berlin Apartment bought with Bitcoin

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“By using Bitcoin directly, this transaction took only 10 minutes for the real estate agent to receive their money. Martin from All4Btc.com worked closely with both the customer and the agent to create a fluid and secure transaction, as well as assuring that all taxes and fees were accounted for. Personal contact and support established a clear understanding for the agent exactly how they receive the money immediately by using Bitcoin.  All in all, it took only three weeks from the customer contacting All4Btc.com to get the keys in hand.”

http://about.all4btc.com/apartment-bought-bitcoin/

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The “Institutional Investor” Housing Bubble Just Burst

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“Metro areas with big drops in institutional investor share from a year ago included Cape Coral-Fort Myers Fla. (down 70 percent), Memphis, Tenn., (down 64 percent), Tucson, Ariz., (down 59 percent), Tampa, Fla., (down 48 percent), and Jacksonville, Fla., (down 21 percent).  Institutional investors are still hoping there is some last minute cash to be made in some remaining markets.  Counter to the national trend, 23 of the 101 metros analyzed in the report posted year-over-year gains in institutional investor share, including Atlanta (up 9 percent), Austin, Texas, (up 162 percent), Denver (up 21 percent), Cincinnati (up 83 percent), Dallas (up 30 percent), and Raleigh, N.C. (up 15 percent).”

http://www.zerohedge.com/news/2014-02-27/institutional-investor-housing-bubble-just-burst

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FHA no longer will drop mortgage insurance premiums [2013]

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“As of June 3, 2013, most FHA loans will again require mortgage insurance for the life of the loan.  Why? The once healthy MMIF now is struggling to stay afloat. In fact, an audit, conducted by the Integrated Financial Engineering Inc., concluded that FHA had reserves of $30.4 billion, but will experience a net loss of $46.7 billion for 2012 on existing loans in its primary account.  The agency entered fiscal year 2013 at negative $16.3 billion. By comparison, the FHA MMI Fund had a negative economic value of $2.6 billion in 1990 before rebounding later in the decade.”

http://mynorthwest.com/800/2207994/FHA-no-longer-will-drop-mortgage-insurance-premiums

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Bitcoins Accepted By Quantum Properties

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“Quantum Properties in Abbotsford is B.C.’s first real estate developer to accept Bitcoin for deposits on its condos, Vancouver Business has announced. And while no buyers have used the currency to purchase a home, the company wants to be innovative, CEO Diane Delves told the newspaper: ‘I like to keep up with current trends,’ she said. ‘Why not get in on it?’  Bitcoin appeals to consumers because it removes a middleman such as a central bank or credit card company, and it permits anonymity in online payments. Vancouver became the first city to host a Bitcoin ATM after a kiosk was installed at a downtown Waves Coffee in October 2013.”

http://bitcoinhermit.com/bitcoins-accepted-quantum-properties/

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Greek Government Passes New Property Tax Legislation

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“The new property levy, which has been years in the making, aims to boost Greece’s budget revenues by rolling several taxes into one, but is also seen as harming the economy’s expected rebound next year, driving dented property prices even lower. The law imposes a tax on residential housing, commercial properties, vacant property lots, farms and sports fields and aims to raise some €2.6 billion ($3.55 billion) per year and offers discounts to those who prove they cannot afford to pay it.  In September 2011, Greece imposed a real-estate tax that it placed on electricity bills and is collected by the country’s power company.”

http://online.wsj.com/news/articles/SB10001424052702304866904579272000551853972

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