Real Estate

ARTICLES

Colony Starwood Homes sells off massive non-performing loan portfolio

Announces sale of 1,675 non-performing loans for $265 million
One of the largest owners of single-family rental homes is getting out of the non-performing loan business, as Colony Starwood Homes announced Monday that it is selling off a massive portfolio of non-performing loans, basically closing the book on its NPL business.
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Florida court upholds city's rights to place liens on zombie homes

Cities' liens on foreclosed properties aren't extinguished when home is sold
In a move that should help municipalities within the state of Florida fight against the state’s glut of zombie foreclosures, a state appeals court ruled recently that liens placed on foreclosed homes by the city are not discharged when the home goes through a judicial sale. Here's a closer look at the decision.
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Here are the 10 hottest housing markets that fueled a record-breaking August

California dominates list
The hottest housing market in America right now might still be Vallejo-Fairfield, California [San Fran area] but this doesn’t mean the rest of the list stood still. Interestingly, one new market not only joined the list, but also jumped up to the eighth spot. And to the city that was sitting comfortably as the eighth hottest market, well, it fell completely out of the top ten, barely even making the top twenty.
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Monday Morning Cup of Coffee: Judge tosses Ocwen, Altisource kickback lawsuit

Calls alleged actions "extremely troubling," but says case doesn’t hold up
It’d be pretty safe to say that Ocwen Financial struggled the past few years. But, the company got a little bit of good news last week, when a judge dismissed a lawsuit accusing Ocwen and Altisource Portfolio Solutions of overcharging homeowners for service. The question now becomes are the company’s next steps forward? Backward? Or right into the eye of another storm? All that and more in your Monday Morning Cup of Coffee.
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Houston Realtors warned to be on lookout for "foot fetish creep"

Man tells agents to remove their shoes for better cell phone reception
Houston-area Realtors and real estate agents, especially female ones, need to be on the lookout for a “foot fetish creep” who is targeting local agents, the Houston Association of Realtors warned its members. While the man is on the phone with a female agent, he asks the agent to describe her footwear and will usually request that she take off her shoes for “improved cell phone reception.”
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Oregon couple forced out of tiny home

Deemed unsuitable for land it’s on
The city named a tiny home in a residential neighborhood unfit for the land that it’s on. Now, despite housing shortages in the area, the couple was evicted from their home. These homeowners claim the government is going after the wrong people.
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