Cole Real Estate Investments starts trading, drops below Schorsch offer

Cole Real Estate Investments starts trading, drops below Schorsch offer
Shares of Cole Real Estate Investments Inc. dropped 5.2% in their first day of trading on the New York Stock Exchange amid a broad market selloff. The stock opened at $ 11.50, below the $ 12 per share offer that American Realty Capital Properties and …
Read more on InvestmentNews Redesigns Reports to Make Them Easier for Real Estate is changing their public records real estate reports to make them more useful for real estate investors, the company said yesterday. “For most of our existence, we've focused on first time home buyers who want to use the property …
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Foreclosure starts fell on annual basis in August

Foreclosure starts fell on annual basis in August
Conversely, in many so-called non-judicial states, like California and Arizona, the number of foreclosure starts declined versus August last year. The pace of homes entering the foreclosure process is expected to decline gradually, barring another …
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Condo law: Keep names of foreclosures private
A proposal cleared by the state Senate would streamline the foreclosure process in Florida. / AP. Filed Under. Business. QUESTION:At a recent HOA board meeting, homeowners in foreclosure and in arrears were identified. When the meeting minutes were …
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North Carolina Starts Anti-Foreclosure Assistance

Article by Rudson Tren

North Carolina Starts Anti-Foreclosure Assistance – Business

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North Carolina has started distributing its anti-foreclosure assistance through the state?s Foreclosure Prevention Fund. Since December 1, up to $ 36,000 worth of mortgage payments has been given to every eligible homeowner. The amount would help troubled households to still shoulder mortgage responsibilities while they complete a new job training or seek new employment. Residents in areas with lower rates of unemployment are eligible to receive about $ 24,000.The North Carolina Housing Finance Agency is financing the program through the assistance allocated for the state by the Hardest Hit Fund of the US Department of Treasury. It could be recalled that in August, the state was among the five states that gained approval to use up to $ 600 million of federal fund. The states were chosen based on high unemployment rates that affect a large percentage of populations. North Carolina received a $ 159 million allotment for its anti-foreclosure program. Of that amount, the state?s Housing Finance Agency intends to use $ 115 in rolling out its mortgage payment assistance program. The agency said it intends to help households that have been missing mortgage payments due to inevitable and temporary financial difficulties since January 2008.Applicants for the assistance are required to submit proof of job search or attendance in new job trainings during the period of application. The agency aims to make sure the assistance would get to the right people. It is estimated that up to 21,000 homes in North Carolina would be affected by foreclosures in the coming three years to five years. The program is set to bridge any job loss and attainment of new job among affected homeowners. It aims to make sure every mortgage in the state is paid to help prevent foreclosure and make sure homeowners would stay in their own homes. Qualified homeowners could process applications for the program through any of local and HUD-approved counsel agencies across the state. The agency reminds that services are all free. After each foreclosure counseling session, clients could instantly determine if they get eligibility or not for the mortgage payment assistance program. After eligibility is determined, an appointment with any credit counselor could be set for further or next-level action. This foreclosure prevention program is set to assist a broader range of audience compared to all other previous financial assistance initiatives in the state. Meanwhile, the NC Housing Finance Agency intends to use the $ 44 million left in implementing other programs of the Hardest Hit Fund in 2011. Such programs would focus on refinance of high-cost second home loans and on reduction of principal amounts on expensive first mortgages. For more news, visit

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Find More Foreclosures In Nc Articles Details the June New Home Sales & Starts Report Mixed News for New Homes

(PRWEB) July 29, 2012 has released a monthly report that details the June new home sales and starts throughout the United States. The report examines key findings for new home sales in addition to forecasts for what buyers and sellers will likely see in the months to come based on the market activity in June.

The June New Home Sales Report held mixed news while the New Housing Starts report suggests that home building is definitely moving in the right direction. Overall, the numbers for the year show promise even though some figures month-over-month are down.

Key Findings in the June 2012 New Home Sales and Starts Reports include:

????Annual rate of new home sales was 350,000 in June
????8.4% less new homes sold compared to May
????Year to date the number of new homes sold is 15.1% higher than 2011
????Inventory was down 144,000 new homes available on the market
????Median New home price was down 3.2% compared to May 2012
????Annual rate for building permits for privately owned housing units was down to 755,000????
????Privately owned housing starts annual rate was up to 760,000 in June
????539,000 annual rate for single-family housing starts
????Annual rate for privately owned housing completions was up to 622,000
????Annual rate for single-family housing completions was up at 470,000

After Mays two year high for new home sales, things have cooled off significantly. The June annual rate is 15.1% higher than the same time last year, but its down 8.4% compared to May. How things are trending for the year is much more important than the month-to-month numbers which can be volatile, so real estate experts stress that the report indicates new home sales are on the rise. Several factors are contributing to the weak June sales including tight mortgage lending and tight inventory levels.

Even as new home sales declined, more building got underway in June than the month before. Housing starts were up 6.9% at an annual rate of 760,000. Housing starts havent been that high since October 2008. However, this increase in building may not be sustained. Building permits were down 3.7% in June compared to the month before.

Top Factors Effecting Home Sales

????Tight Inventory Levels
????Tight Lending
????Slow Economic Recovery

To learn more or search for new homes for sale in your area, please visit:

About is a fast growing real estate search portal that offers users much more than MLS listings. gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools, home service tools. brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.

About Star Nine Ventures?

Star Nine Ventures? is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine’s core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.

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