auctions: Freddie Mac Posts $6.7 Billion Loss in Q1
- 05/06/10 02:55 PM
Mortgage giant Freddie Mac lost $6.7 billion during the first three months of this year, which follows a $6.5 billion loss for Q4 2009.After adding in dividend payments of $1.3 billion on its senior preferred stock to Treasury, the McLean, Virginia-based company reported a net loss attributable to common stockholders of $8.0 billion, or $2.45 per diluted common share, for the first quarter of 2010.The quarterly results helped pushed the GSE’s net worth to negative $10.5 billion at March 31, 2010, compared to a positive net worth of $4.4 billion at the end of last year.With the GSE’s finances severely in … (0 comments)
auctions: Commercial Real Estate Forecast $300 Billion Losses
- 02/15/10 12:48 AM
Losses from defaults on commercial real estate loans maturing in the next few years could go as high as $300 billion, threatening to topple nearly 3,000 community banks nationwide, a federal watchdog group has concluded.Market analysis by the Congressional Oversight Panel (COP), charged with keeping tabs on the government’s Troubled Asset Relief Program (TARP), shows that $1.4 trillion in loans made over the last decade for retail properties, office space, industrial facilities, hotels, and apartments will reach the end of their terms and require refinancing between 2011 and 2014.According to the panel, the loans most likely to fail are those made … (0 comments)
auctions: Small Investors Lost It All in Memphis
- 02/05/10 10:31 AM
Investors say they are innocent bystanders who are paying a painful price for the credit crunch. The commercial real-estate mess is clobbering lots of investors. Few of them are reeling as much as the 27 owners of 1023 Cherry Road in Memphis, Tenn.The office complex about five miles east of downtown tumbled into foreclosure last fall because the owners couldn't refinance the $14 million loan used to buy the two glass-and-steel buildings in 2004. They also lost all $7.1 million they invested.Cherry Road's collapse is an ominous sign for thousands of other commercial real-estate deals in which mom-and-pop investors pooled their … (0 comments)
auctions: Taxes are more complicated than usual
- 02/04/10 02:48 PM
The Home Buyer Tax Credit was a topic of conversation today at our auction among some agents. Seems like everyone is talking about it and yet there are different opinions. Here's something that may be helpful. Home Buyer CreditOriginally, the $8,000 credit was only for first-time home buyers. Now, long-time homeowners can get a credit of up to $6,500 if they bought a new principal residence after Nov. 6 and lived in their old homes for at least five years in a row in the past eight years. The income limits for eligibility also were raised late last year and the … (0 comments)
auctions: Housing Prices Drop as Recovery in Market Still Shaky
- 01/26/10 11:01 AM
U.S. home prices slipped in November and were softer than expected in the latest sign that a rebound in the U.S. housing market is still tenuous, according to Standard & Poor's/Case-Shiller indexes on Tuesday.The S&P composite index of home prices in 20 metropolitan areas slipped 0.2 percent in November after a revised 0.1 percent October dip, for a 5.3 percent annual drop. The home price picture remains mixed despite steady annual improvement, said David M. Blitzer, chairman of the Index Committee at Standard & Poor's.The pace of annual decline in home prices has improved for 10 straight months."Only five of the … (0 comments)
auctions: Commercial Real Estate Prices Break 13-Month Losing Streak
- 01/25/10 08:39 AM
After a 13-month run of steady price declines, U.S. commercial property prices rose 1 percent in November, Moody’s Investors Service said this week.Despite the short-term boost, Moody’s says it expects prices to resume falling in the coming months as occupancyand rental rates continue to decline, but depreciation should be less severe than the sector experienced in the middle of 2009, when some index readings showed price dives in excess of 5 percent.According to Moodys/REAL Commercial Property Index, prices in the commercial real estate sector began fallingover two years ago, with significant declines seen throughout 2009. The increase in November puts aggregate … (0 comments)
auctions: With profits down, firms just aren't changing hands
- 01/19/10 03:09 AM
While this story is based on California data I think it holds true for many other places to. Depressed values for commercial real estate will continue to be a drag on small-business sales. Businesses that own the land on which they sit will be worth less, and potential buyers with real estate holdings in their portfolios will have a harder time qualifying for loans. Real estate businesses in general will sell for somewhat less than they might have during the boom. Overexposure to commercial real estate loans, many of which are now souring, has made some banks reluctant to lend at … (0 comments)
auctions: St. Louis Auction: Office Building to be SOLD at Auction Jan 15. Broker Coop
- 01/11/10 09:47 AM
This 2 story Brick Office Building Handicap Accessible with Wheelchair Lift located at 4247 South Grand Blvd., St. Louis, MO 63111 will be SOLD to the Highest Bidder at Real Estate Auction on Friday January 15, 2010 at 11AM CST subject to Seller Confirmation. The Building will be sold "As Is, Where Is and With All Faults". Zoned commercial. MLS Listing Detail #90065175 4247 South Grand Blvd., St. Louis, MO 63111 … (0 comments)
auctions: Attain the Highest Market Value for Your Real Estate -- Auction It
- 12/26/09 06:37 AM
Every real estate professional, investor, buyer or seller needs to learn about why auctions work. * Auctions are the fastest growing segment of the real estate industry * 1-Million properties sold at auction during 2009 and growing daily * Real estate is being sold at auction everywhere in America * Auctions are advertised on TV, radio, internet, newspapers & billboards * Buyers are flocking to auctions in record numbers; cash in hand ready to buy * Sellers are asking about real estate auctions in record numbers * Auctions deliver all cash, no contingency, quick … (2 comments)
auctions: Attain the Highest Market Value for Your Real Estate -- Auction It
- 12/26/09 06:35 AM
Every real estate professional, investor, buyer or seller needs to learn about why auctions work. * Auctions are the fastest growing segment of the real estate industry * 1-Million properties sold at auction during 2009 and growing daily * Real estate is being sold at auction everywhere in America * Auctions are advertised on TV, radio, internet, newspapers & billboards * Buyers are flocking to auctions in record numbers; cash in hand ready to buy * Sellers are asking about real estate auctions in record numbers * Auctions deliver all cash, no contingency, quick … (1 comments)
auctions: Real Estate Auction 2 BR 1.5 Bath in Florissant MO Dec 18. Agents Welcome
- 12/09/09 12:32 AM
This One Story 2 bedroom 1 1/2 Bath Brick Home with basement and garage located at 34 Jean Drive, Florissant, MO 63031 will be SOLD to the Highest Bidder at Real Estate Auction on Friday December 18, 2009 at 4PM CST subject to Seller Confirmation. The Home will be sold "As Is, Where Is and With All Faults". MLS Listing Detail #90061953 34 Jean Drive, Florissant, MO 63031 … (0 comments)
auctions: St. Clair, MO Home Auction. Franklin County Real Estate Auction Dec 12 at 11AM AGENTS WELCOME
- 11/29/09 03:22 AM
This lovely home on 4 acres in Franklin County, MO will be SOLD to the Highest Bidder at Real Estate Auction on Saturday December 12, 2009 at 11AM CST subject to Seller Confirmation. The Home will be sold "As Is, Where Is and With All Faults". 687 Kay Drive, Lonedell, MO 63060 … (0 comments)
I sell real estate assets fast and economically. I auction household, estate, real estate and downsizing auctions. Brokers and agents encouraged for referral of sellers and buyers.
Paul Roesch cell: 618-407-8479
Mortgage giant Freddie Mac lost $6.7 billion during the first three months of this year, which follows a $6.5 billion loss for Q4 2009.After adding in dividend payments of $1.3 billion on its senior preferred stock to Treasury, the McLean, Virginia-based company reported a net loss attributable to common stockholders of $8.0 billion, or $2.45 per diluted common share, for the first quarter of 2010.The quarterly results helped pushed the GSE’s net worth to negative $10.5 billion at March 31, 2010, compared to a positive net worth of $4.4 billion at the end of last year.With the GSE’s finances severely in … (0 comments)
;)
;)
;)
