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A collection of news and information related to Homes published by Tribune Company sources.
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Citigroup nears compromise on some home loans
AP Real Estate WriterCitigroup Inc. is in advanced talks with lawmakers on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures, a person briefed on the matter said Thursday. Until now, the banking industry has been ardently opposed to the...Tags: Bankruptcy, Laws, Foreclosures, Financial and Business Services, National Government
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Washington BureauSenate leaders announced an agreement Thursday with Citigroup in which the financial giant will throw its support behind legislation that allows homeowners in bankruptcy to modify the terms of their mortgages. The provision has been long sought by...Tags: Bankruptcy, Laws, Foreclosures, Financial and Business Services, National Government
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Home closings, sales volume drop on Long Island
ellen.yan@newsday.comThe number of home closings fell 16.8 percent and sales volume dropped 22 percent last year, according to the Multiple Listing Service of Long Island. There were about $11.4 billion in home sales and about 23,618 closings in 2008, compared with $14.6...Tags: Inventories, Sales, Imperial and Royal Matters, Long Island, Marketing
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Record Monthly Drop For State Home Prices
The Hartford CourantHome prices in Connecticut fell by a record 16.2 percent in November from a year earlier, the sharpest monthly drop in the past 20 years, according to a new analysis. The median sales price for single-family homes was $238,750 in November 2008, down...Tags: Connecticut, Sales, New London (New London, Connecticut)
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As economy sinks, scam artists rise
Tribune reporters5 tips on avoiding scams 1. Be vigilant. Scams appear to be more prevalent during this economic downtown. 2. Beware of financial-services firms requiring upfront fees. Lenders cannot do so. 3. Credit repair services can't require you to pay until...Tags: Financial and Business Services, Social Security, Credit and Debt, Theft, Justice System
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In 'green' effort, schools go paperless to promote events
Tribune reporterSchools have long relied on one emissary to deliver paperwork into parents' hands: students' backpacks. But driven by environmental and economic concerns, many schools now are posting notices online, instead, to remind parents of next week's dance...Tags: Back Packs, Libertyville, Schools, Bolingbrook, Elementary Schools
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"The Timekeeper" Opens At Epoch Arts
The Hartford CourantHugo DeSarro still has vivid memories of the young women from a home for unwed mothers located on Hartford's Barbour Street, where he lived as a young man in the 1940s. The women, who wore plain dresses and were always accompanied by a stern looking...Tags: Marlborough, Abortion
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Counties vie for FEMA cash for Tropical Storm Fay recovery
Sentinel Staff WriterTropical Storm Fay so badly damaged 14 homes in DeBary that the city wants several million dollars to buy and demolish them. The home buyout is just one of 13 Volusia County projects vying for a $27.8 million pot of federal dollars for Fay...Tags: Volusia County, Florida Hospital, FEMA, Employees, Natural Disasters
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Homebuilders push to get their housing aid plan into Obama's economic rescue package
AP Real Estate WriterWASHINGTON (AP) — With lawmakers angling to pass an economic recovery package by the middle of next month, desperate homebuilders from around the country flew to Washington to spend Wednesday pushing a $150 billion plan to revive the housing market....Tags: Laws, Contracts, Financial and Business Services, Money and Monetary Policy, Credit and Debt
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Harold A. Ellis Jr. dies at 77; co-founder of the Grubb & Ellis real estate company
Harold "Hal" A. Ellis Jr., a founder of real estate services firm Grubb & Ellis Co. and one of the best known figures in U.S. real estate, died Monday of metastatic melanoma at his home in Piedmont, Calif. He was 77. Ellis built a small Oakland brokerage...Tags: Portland (Multnomah, Oregon), Jack London, Death and Dying, Cancer, National Government
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Investor group buys $558 million in mortgages from FDIC in First National Bank of Nevada deal
AP Business WriterWASHINGTON (AP) — A group of private investors including former executives of Countrywide Financial Corp. has purchased $558 million in home mortgages from the government in a deal involving assets of the failed First National Bank of Nevada, the...Tags: Calabasas, Financial and Business Services, Pasadena (Los Angeles, California), Mergers, Acquisitions and Takeovers, Countrywide Financial Corp.
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real estate transactions
Forum Publishing GroupDeerfield Beach Sept. 30 •2363 SW 15th St, #92 $96,000 Sellers: LaSalle Bank National Association and Ownit Mortgage Loan Trust Buyers: Issac B. Rosario and Betsaida Roman •1380 SW 47th Ave $130,000 Bank-owned Sale Sellers:...Tags: Fannie Mae, HSBC Holdings Plc, American Home Mortgage, Financial and Business Services, Foreclosures
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