GLG News by Modular Space Experts

Florida and Southeast  Alabama condominium sales are flatlined with bulging inventories that are losing value each day they sit idle. Investors are losing money,patience, and hope as this sector struggles for air. Builders are scrapping plans for new developments until the current inventories are...

More and more would be luxury home purchasers are finding their dream cribs just that---dreams.  Two income families with stellar credit scores have discovered that homes exceeding the jumbo loan limit of $417,000 (The cap on what Freddie Mac and Fannie Mae will underwrite.) are often...

Defaulted mortgages that transform into REO will hemorrhage the budget of any lender or servicer who cannot liquidate the parcels with dispatch.  Short sales represent one more tool available to property managers,real estate professionals,and homeowners faced with must sell properties in an all...

On November 19,2005,the county treasurer for Montgomery County,Ohio auctioned nearly two thousand tax liens to one investor for $9.1 million dollars at a bid rate of 18%.  The following year on November 18,2006 another $6.8 million in tax liens was issued at  a 14% rate of return. This...

So called "unscrupulous" lending practices,ignorant borrowers,and unrealistic market appraisals have all been identified as sources responsible for the increased residential foreclosure figures.  Speculation has also contributed to the saturated market and stiffer lending guidelines. ...

American Home Mortgage's entry into Chapter ll bankruptcy and the resulting workforce layoffs, reveal, again, just how severe the "gaping wound" to the subprime industry has become.  A total of three midsized servicing firms crumbled this August representing a combined total of $78 billion in residential...

The Inman News feature article was correct on the continued rise in lender and builder inventories due to spiked foreclosure numbers, purchase cancellations and borrower credit qualifiers. However,the small blip upward in median home prices for California to $594,260 (June 2007) from $592,780 (June...

In this consultant's analysis of February 23,2007 entitled "Vulture's Market for Florida Condos on the Horizon",the current purchasing opportunities described in the above referenced Mobile Press-Register story were accurately predicted.  As I stated in February,the condominium...

The Next Big Thing in Florida land development is quietly taking place along the pristine shores of Florida's Northeastern coastline.  Now is the time to buy into what has all the promise of becoming  Florida's new Miami Beach !

Profit in real estate is made on the buy and the opportunities present today in the most attractive residential buyer's market in decades are there for the bidding.  Yes,there for the bidding.  The sluggish home sales experienced across the nation due to stale inventory is getting a helping...