A Real Estate Catch-22
These days, with home sales still booming and home prices still rising in many parts of the country, it seems like paradise to real estate investors.
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Wachovia Agrees to Buy AmNet Mortgage (Los Angeles Times) Wachovia Corp. agreed Tuesday to buy San Diego-based AmNet Mortgage Inc. for $83 million in cash, adding a residential mortgage banker with more than 7,000 brokers.read more...
Troy man sues to keep 9,000-square-foot garage TROY — Neighbors say Paul Piscopo's 9,000-square-foot garage is too big. Advertisement Three of them — and the city of Troy — are now named in a court complaint.via
Why the Economy Cannot Withstand More Mortgage Foreclosure (SeekingAlpha via Yahoo! Finance) Michael Panzner submits: According to the Wall Street Journal, the "Economy Can Withstand More Mortgage Foreclosures." However, when you read the article, you realize that the optimistic outlook depends
Hattiesburg man pleads guilty in mortgage-fraud case (WREG-TV Memphis) HATTIESBURG, Miss. A Hattiesburg man charged in connection with a real estate scheme has pleaded guilty to his role in a mortgage fraud case.read more...
Thornburg Mortgage 4Q Profit Rises (AP via Yahoo! Finance) Thornburg Mortgage Inc. said Tuesday its fourth-quarter results rose 8.9 percent despite a tough mortgage environment, aided by the sale of mortgage-backed securities and strong loan origination activity.read more...
I'll Buy Your House If You Buy Mine "I think one guy came, and he'd been drinking." Eager to move closer to their grandchildren in Tennessee, retirees Allen and Wilma Sawtelle put their home in the Southwestern