Real Estate

These are the top 5 most vacant cities in the U.S.

Vacancy rate drops 9.3%
The housing market continues to recover from the recent financial crisis. For the month of February, a recent RealtyTrac report shows that vacancy and “zombie foreclosures” are down 4% from a year ago nationwide, but continue to increase in a minority of markets, mostly those with a protracted foreclosure process or high numbers of blighted properties.
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Manager of 'predatory' loan modification law firm sent to jail

Michael Nazarinia gets 9 months for role in mortgage fraud scheme
A San Diego businessman will spend the next nine months in prison after being convicted for his role in a fraudulent mortgage loan modification business that presented itself as a “law firm” in order to con more than 1,000 struggling homeowners out of more than $3 million total.
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Los Angeles Rams owner Stan Kroenke purchases massive Texas ranch listed for $725M

It’s larger than New York City and Los Angeles combined
Stan Kroenke, the owner of the Los Angeles Rams, made headlines recently when the NFL agreed to allow Kroenke to move the team from St. Louis to Los Angeles. But the 60 acres that Kroenke owns in Inglewood, California where the team's new stadium will be built pales in comparison to his latest purchase.
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Home appraisal values still below homeowner price expectations

Appraised values nearly 2% less than what sellers expect
Quicken Loans announced the average appraised values in December were 1.8% lower than homeowners valued their home. According to its monthly HPPI, December is the 11th straight month when appraised values were lower than homeowners expected, although December marks the fourth month the gap between the two values have narrowed.
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