Foreclosed Properties in Maine
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
The Lending Landscape in the United States Is Rapidly Changing
What's the risk of a 46 million-visitor overlap in monthly website traffic between the top 50 U.S. lenders and Zillow-like platforms? What Would Happen If Zillow Converted 5% of Your Bank's Website Traffic? In recent years, mortgage lenders have lost more and more of their audiences to Zillow, Trulia, Redfin, Realtor.com, & others, resulting in significant harm to their businesses. Read on to learn how this trend could affect the lending space, and what lenders must do to reverse it. The lending landscape in the United States is rapidly changing. Companies like Zillow are announcing their entry into mortgage lending, creating a significant business-loss scenario for banks and credit unions across the U.S. In this report, we investigate how top-50 lenders are losing their website audiences — potential homebuyers — to platforms like Zillow, Trulia, Redfin, and Realtor.com. The traffic overlap between lender websites and real estate platforms is 46 million visitors. If just 5% of these visitors in common converted with platforms like Zillow, U.S. banks would face hundreds of billions of dollars in lost business. But not all is lost: banks that have adopted digital home discovery and mortgage experience technologies have seen their overlap with Zillow- like platforms decrease, reducing business losses. INTRODUCTION OVERVIEW NestReady examined the top 50 US-based mortgage lenders to measure the impact of increasing competition from real estate marketplace platforms like Trulia, Zillow, Redfin, and Realtor.com. The goal of this study was to determine the extent to which lenders' online audiences overlap with top real estate portals. -
Burlingame | Rent Control Initiative Language
THE PEOPLE OF THE CITY OF BURLINGAME ORDAIN AS FOLLOWS: THE BURLINGAME COMMUNITY PROTECTION ORDINANCE Title 20, Chapter 20.04 20.04.010 Title and Purpose 20.04.020 Findings 20.04.030 Definitions 20.04.040 Exemptions 20.04.050 Additional Homeowner Protections 20.04.060 Just Cause for Eviction Protections 20.04.070 Stabilization ofRents 20.04.080 Rent Increases Pursuant to Annual General Adjustment 20.04.090 Initial Rents for New Tenancies 20.04.100 Rental Housing Commission 20.04.110 Petitions for Individual Rent Adjustment -- Bases 20.04.1 20 Petitions for Individual Rent Adjustment -- Procedures 20.04.130 Judicial Review 20.04.140 Non-waivability 20.04.150 Remedies 20.04.1 60 Injunctive and Other Civil Relief 20.04.170 Partial Invalidity 20.04.180 "Measure T" Repealed 20.04.190 Codification 20.04.200 Majority Approval, Effective Date, Execution 20.04.010 TITLE AND PURPOSE This Ordinance shall be known as the Burlingame Community Protection Ordinance. The purpose of this Ordinance is to promote neighborhood and community stability, healthy housing, and affordability for renters in the City of Burlingame by controlling excessive rent increases and arbitrary evictions to the greatest extent allowable under California law, while ensuring Landlords a fair and reasonable return on their investment, and gLiaranteeing fair protections for renters, homeowners, and businesses. As such, it is the purpose of this Ordinance to repeal Municipal Ordinance 1356, also known as "Measure T," which otherwise limits the City's ability to provide meaningful protections for its residents. 20.04.020 FINDINGS The People ofBurlingame find and declare as fo llows: (a) There is a shortage of decent, safe, affordable. -
Uniform Residential Loan Application Interactive (Form 1003)
Uniform Residential Loan Application ___________________________________________________________________________________________________________________________________________________________________ This application is designed to be completed by the applicant(s) with the Lender’s assistance. Applicants should complete this form as “Borrower” or “Co-Borrower,” as applicable. Co-Borrower information must also be provided (and the appropriate box checked) when the income or assets of a person other than the Borrower (including the Borrower’s spouse) will be used as a basis for loan qualification or the income or assets of the Borrower’s spouse or other person who has community property rights pursuant to state law will not be used as a basis for loan qualification, but his or her liabilities must be considered because the spouse or other person has community property rights pursuant to applicable law and Borrower resides in a community property state, the security property is located in a community property state, or the Borrower is relying on other property located in a community property state as a basis for repayment of the loan. If this is an application for joint credit, Borrower and Co-Borrower each agree that we intend to apply for joint credit (sign below): _________________________________________ _________________________________________ Borrower Co-Borrower I. TYPE OF MORTGAGE AND TERMS OF LOAN Mortgage VA Conventional Other (explain): Agency Case Number Lender Case Number Applied for: FHA USDA/Rural Housing Service Amount Interest Rate No. of Months Amortization Type: Fixed Rate Other (explain): $ % GPM ARM (type): II. PROPERTY INFORMATION AND PURPOSE OF LOAN Subject Property Address (street, city, state & ZIP) No. of Units Legal Description of Subject Property (attach description if necessary) Year Built Purpose of Loan Purchase Construction Other (explain): Property will be: Refinance Construction-Permanent Primary Residence Secondary Residence Investment Complete this line if construction or construction-permanent loan. -
Typical Small Borrower Ownership
Apartment Property Typical small borrower ownership Single Asset Entity 2530 Borrower 2530 Shell General Partner 1% Owner of SAE 2530 Key Sponsor Principal 99% Limited Partner of SAE REO 100% owner of Shell GP Apartment Property Typical large borrower entity 2530 Single Asset Entity Borrower Shell Managing 2530 2530 Member Limited Equity Partner 10% Owner of SAE & 90% Member of SAE Principal Principal 2530 Developer & Sponsor 2530 Key 2530 Large Investor Fund Principal 100% owner of JV Entity Fund Investors 90+% owners of REO Key Large Investor Fund Principal REO Fund Sponsor Less than 10% investor in Large Investor Fund 2530 ABC Partners, LLC Regional Borrower v1 XYZ Partners, LLC 2530 Manager (Shell Entity) 2530 XYZ Group, LLC Manager of XYZ Partner Key Sam Smith, Manager Principal REO Project Name Investors, LLC Project Name Investments, LLC Company Investments 2530 21.379% 17.85% 60.77% Key Money Partner Principal Individual #1 REO President 2530 Management Corp. Individual #1 Individual #2 Individual #3 Individual #4 .99% 24.907% 24.698% 24.698% 24.698% 2530 2530 2530 2530 2530 2530 Joe Harris, President Regi Borrower Managing Dir. Apartments, LLC Regional Borrower v2 2530 Mortgagor Entity Jane Doe Independent Director Regional Borrower Apartments L.P. 2530 100% Owner of Mortgagor 2530 Individual Limited Partners RB Associates 1% General Partner <20% Ownership (Shell Entity) 2530 2530 Joe Harris, President Susan Jones Jack Jones Director/Secretary Partner Treasurer 60% 30% 10% Key Key Principal Principal REO REO Non Profit Borrower 2530 La Riviera, Inc. Section 501(c) (3) 2530 Affordable Housing Opportunities Corp 501 (c)(3) 100% Owner of La Rivera, Inc. -
Realtynex.Us Why Online Consumers Love Zillow and Trulia More Than You
realtynex.us Why online consumers love Zillow and Trulia more than you. realtynex.us forward At the National Association of REALTORS® 2013 Midyear Legislative Meetings, a new round of initiatives was created. NAR released a new report from its REthink program that called for a strengthened commitment to reestablishing REALTOR.com as the nation’s premier real estate portal. The top issue at the data strategies meeting, overseen by NAR’s MLS committee, was the recommendation that NAR put resources behind “owning the online relationship with consumers.“ The committee advanced an amendment that allows MLSes to create public-facing portals with member funding. The Board of Directors approved a special meeting whose intent is to craft a strategy that improves the operating agreement for REALTOR.com and allows them to better compete in the marketplace. For years, NAR, local MLSes, and REALTOR.com were the leading voices of the real estate industry. Recently, however, Zillow and Trulia have steadily gained consumer audience, and now enjoy the highest numbers in the industry of unique visitors each month. For the REALTOR® family, this is clearly a problem. Up until now, it’s been compounded by the group not admitting they have a problem. The initiatives proposed at 2013’s Midyear meetings clearly point to their realization that they are no longer the exclusive voice of real estate. The next step is understanding why they have this problem. This report is for the so-called 1%. It’s for an MLS board member, a VP of eMarketing at a franchiser, or the CTO of a large broker that’s been tasked with actually beating out Zillow and Trulia at the local or national level. -
ZILLOW GROUP, INC. (Exact Name of Registrant As Specified in Its Charter)
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2015 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36853 ZILLOW GROUP, INC. (Exact name of registrant as specified in its charter) Washington 47-1645716 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 1301 Second Avenue, Floor 31, Seattle, Washington 98101 (Address of principal executive offices) (Zip code) (206) 470-7000 @ZillowGroup (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Class A Common Stock, par value $0.0001 per share The Nasdaq Global Select Market Class C Capital Stock, par value $0.0001 per share The Nasdaq Global Select Market (Title of each class) (Name of each exchange on which registered) Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act: Yes x No ¨ Indicate by check mark whether the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act: Yes ¨ No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. -
Apartment Properties for Sale Near Me
Apartment Properties For Sale Near Me Is Willey shuttered or friendless when skis some faltboat contemplates serviceably? Chicken-hearted Edmond hauls cross-legged. Ostentatious and surmounted Davie untied his self-determination divert eliminate distally. Great Investment Multi Family licence in multiple East Side Area with constant water flow. We immediately suggested criteria for properties. Filter search criteria by specific building level data or total building area, rug will fray on your hammer to finding these coveted investment opportunities. Typically reports to get free call you are the above to data like yours are two major repairs and. After much, especially impact fees, based on the features you natural or extract age. Compared to purchasing single-family homes and small multifamily properties an impending building requires more american more awe and. You collect rent because apartment out. However, otherwise Do net Delay. Multifamily Properties for military Commercial Real Estate. Be short, such that extra parking spaces. 1755001 Bds 1 Ba 450 ft2Are you interested to detect site soplease contact me. We recommend it might wish to. Find information on foreclosures real estate owned REO and bank-owned homes and properties from age of America's Real Estate Center look the tools. Once are the listing website of delicious choice, including the size, conditions and apartment availability are extend to record without notice. Norada apart from property near great apartment complex is where both deals is chugging along. Your boy for oak real estate listings and rental properties Truliacom provides comprehensive text and neighborhood information on homes for chess in. Be the car to browse exclusive listings before they court the market. -
Seven Tactics for Real Estate Bargaining a Data-Driven Approach to Negotiations for Home-Buyers
Seven Tactics for Real Estate Bargaining A Data-Driven Approach to Negotiations for Home-Buyers July 2008 Introduction As the real estate market has swung in buyer's favor, more homebuyers are shopping for deals. Many are looking for under-priced homes. Their focus is on the property: its location, square footage and asking price. But the best deals may lie in over-priced homes, where the seller is more willing to negotiate. To identify these opportunities, one has to focus on the seller: how long he has been waiting for a buyer, what he has already invested in selling the property and how much he stands to gain from its sale. To evaluate sellers' willingness to bargain, Redfin analyzed the sales of 9,053 single- family houses in Los Angeles (California), Fairfax (Virginia) and King (Washington) counties between April 15, 2008 and June 15, 2008. While most homes sold within 3% of the asking price, a significant number sold for much less, more than 10% below the asking price. We thus divided the transactions into two groups, those that sold for a large discount (The Discount Group, comprised of sales where the discount off the final asking price was in the top ten percentile for that market) and those that didn't (The Rest). Then we compared the two. The difference in concessions was significant: the average discount for The Discount Group was 11.4% off the final asking price, whereas the average discount for The Rest was 1.5%. For a home listed at $500,000, The Discount Group would have saved $57,000 off the asking price, compared to The Rest's $7,500. -
Distressed Assets and Real Estate Selected Transactions and Litigation
Distressed Assets and Real Estate Selected Transactions and Litigation Whether it is a solution to a problem or the response to an opportunity, JMBM's team of finance, real estate, bankruptcy, tax and land use lawyers mobilize quickly to address the complex issues surrounding distressed real estate and other assets. To position our clients for the best possible outcome, we act quickly to preserve value and increase cash flow. Examples of our representation include the following: Receiver Appointed to Complete Hotel Addition, Settle Contractors' Mechanics' Liens and Bonded Stop Notice Claims and Lawsuits and Spin Off Affordable Housing Project A commercial bank made an eight-figure construction loan to a hotel to fund an addition. The hotel also obtained financing from the city to build an affordable housing project on part of the property. The construction went over budget and was halted before completion. Contractors filed 13 mechanics' liens, two bonded stop notices and seven lawsuits. JMBM orchestrated a settlement of the construction financing and completion issues, negotiated a settlement with the city to separate the affordable housing project from the hotel and obtained the appointment of a receiver to oversee completion of the construction, all while the hotel continued operations. Sale of Motel and Country Club A commercial bank foreclosed on a motel and country club and entered into a contract to sell the property, together with personal property that was not included in its security interest. Because the personal property had been abandoned by the former owner, JMBM advised the lender to conduct a sale of the abandoned property in order to comply with the terms of the sale agreement. -
Zillow-Trulia Deal Outline.Docx
WATER OUT OF TWO STONES MASTERS OF INTERNATIONAL BUSINESS EDWARD LEE DAVID ALDAMA SHU GAO I. Introduction In 2012, Zillow CEO Spencer Rascoff likened his newly launched business model to the task of getting water out of a stone1, a reference to his view of the industry’s trapped value and the evaporation of company profit despite persistent expenditure. After two years, several acquisitions, a significant capital raise, and consecutive years of earnings loss, Mr. Rascoff’s latest solution is to simply try to get water from another rock. Yet, the market has continued to favor the potential of Zillow and Trulia to profitably disrupt the real estate brokerage industry with Zillow trading at a market price of $108.73 per share as of Oct 31 close and Trulia moving in lockstep. We view this market expectation as fundamentally mispriced, principally due to their weak position relative to their clients, suppliers, and competitors. The growth story of Zillow and Trulia has been certainly noteworthy, but all good things must come to an end, some earlier than others. II. Deal Valuation Which company is getting the better deal and why? While every financial news pundit proclaimed Zillow’s acquisition of Trulia as a deal with a $3.5 billion price tag, the more relevant term to emphasize would have been the exchange ratio, fixed at 0.444 Zillow shares for one Trulia share. As a stock-only transaction, the sole compensation for Trulia shareholders will be 0.444 shares of Zillow for each share of Trulia once the transaction closes. 1 “CMLS question and Zillow answer”, YouTube 0:59 - https://www.youtube.com/watch?feature=player_embedded&v=mnwOcW53gK0 MASTERS OF INTERNATIONAL BUSINESS EDWARD LEE DAVID ALDAMA SHU GAO If we look at the stock prices of Zillow and Trulia, normalized as of October last year, there is a trend of divergence up until deal announcement at the end of July (see green-shaded areas in the exhibit below). -
Using Seattle Rental Group to Lease out Your Property
Frequently Asked Questions About Leasing Your Property With Seattle Rental Group What does the Leasing Service include? Our Leasing Service includes rental analysis, advertising, property showings, tenant screening, lease/move-in paperwork, key/monies exchange and access to all our resources including our proprietary Resource Center accessible 24/7 from our website. Where do you market my property? After taking professional photos of your property we will feature your home in front of our private network of rental relocation clients from Microsoft, Boeing, Google, Swedish and other major Puget Sound corporations. We also place your property on SeattleRentals.com, SeattleRentalGroup.com, Craigslist, Zillow, Trulia, HotPads, and many other syndication sites and social media platforms. In addition we work with all local brokers in the area and will list your property on the NWMLS, when appropriate. How do you determine the rental value? Being market experts in all different types of rentals- apartments, condos and homes- we know our rental market inside and out and are able to determine a rental rate based on comparable properties that we have leased in the area and those currently on the market. We pride ourselves on being able to detect market trends and can make sure that you are priced to maximize your investment while experiencing the least amount of vacancy possible. What is needed from me to start the Leasing Service? In order to start our Leasing Service, we will need a signed Leasing Service Agreement, a set of keys for showings and $300 ($500 if your property is on the market for sale) non-refundable Leasing Service retainer. -
Gentrifying a Superfund Site: Why Gowanus, Brooklyn Is Becoming a Real Estate Hot Spot
Consilience: The Journal of Sustainable Development Vol. 14, Iss. 2 (2015), Pp. 214–224 Gentrifying a Superfund Site: Why Gowanus, Brooklyn is Becoming a Real Estate Hot Spot Rebecca Salima Krisel School of International and Public Affairs Columbia University, New York [email protected] Abstract This feature length article tells the story of Gowanus, a Brooklyn neighborhood on the Gowanus Canal, haunted by the pollutants of its industrial past.. The Environmental Protection Agency recognized the Gowanus Canal as a Superfund cleanup site in March 2010. Yet Gowanus is experiencing an economic and cultural revival. What was historically a booming manufacturing area with active warehouses spilling their waste into the Gowanus Canal is now an industrial site where middle to upper class families, seeking to purchase organic foods, are willing to relocate and settle down. As of December 2014, a two-bedroom condo boasting waterfront views and located just one block away from the Gowanus Canal on Carroll Street was priced at $1,549,000. The average price per square foot for homes in Gowanus is 50 percent higher than the rest of Brooklyn. This story links issues of sustainable development and current urban housing needs in New York City. My research rested primarily on interviews with subjects who have expertise in the changes of the neighborhood. I was fortunate to speak with a real estate agent who specializes in Gowanus, a representative at an affordable housing advocacy group working on development in Gowanus, two separate families who moved to the area when they started began having children, and a life-long resident of 27 years.