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Real Estate

US homes lost to foreclosure up 25% on year

Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month ...

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Putting the ‘stress’ in distressed: Receiverships can offer solutions for struggling commercial properties, but they require skill

By Carol Lundberg DETROIT, MI – Within a year, Michelle C. Harrell saw commercial real estate markets shift, and distressed properties started to swallow banks’ real estate owned (REO) departments. Between the end of 2007 and the end of 2008, ...

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Excitement surrounds downtown Meridian building plan (access required)

A future development planned in Meridian has the hope of attracting more people to the downtown core. Development of the former industrial and residential parcel located at 200 E. Broadway Ave., near City Hall, has been one of the highest ...

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Community bankers may need to recalibrate skills to survive in today’s world

By Ted Carter Dolan Media Newswires Community bankers who have thrived by building business and relationships may need to recalibrate their skills to survive in today’s world of loan defaults and sinking real estate values. Further, they may have to ...

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Commentary: Rates hit all-time lows, sales suffer

By Tom Cali Dolan Media Newswires Never has the real estate market seen such a case of good news-bad news as experienced during the past few months. The good news? In order to help stimulate the economy, the Fed continues ...

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Low interest rates not increasing demand for homes (access required)

After relocating from the Salt Lake City area to Boise, D.J. Potter, and his family, saw buying a home in Idaho as a given. “We preferred to move from one house into another,” Potter said. “We didn’t want to rent.” ...

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Mortgage broker hangs on in decimated industry (access required)

Boise-based Columbia Mortgage has cut staff, outsourced loan processing, concentrated on marketing and spent less time shuffling paper in order to survive. The mortgage brokering firm has capitalized on a mix of innovation and good timing even while dozens of its ...

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Commentary: Home ownership past, present and future

By Phil Hardwick It has been said that for there to be fundamental change in any industry there must be chaos or disruption. The housing industry is in disruption. So what fundamental changes are in store for housing, especially home ...

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