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PROPERTY

The Wire

ND lawmakers exploring property tax credits

State lawmakers are exploring whether to give most North Dakota homeowners the benefit of a property tax credit normally reserved for seniors and people with disabilities.

Barrick buys Xstrata assets in Chile for $465M

Barrick Gold is snapping up mining assets with its excess cash, inking a $465 million cash deal to buy a gold and copper project from a unit of Xstrata.

Qatar fund boosts stake in London property company

Qatar's sovereign wealth fund said Saturday it has become the biggest shareholder in the company that owns much of London's Canary Wharf business district, highlighting a renewed appetite by Gulf investors for property in well-established markets.

Court refuses to get involved in church dispute

The Supreme Court won't get involved in a dispute between breakaway Episcopalians and their former national church over who owns a California church and its property.

DR cops find ostriches, boars on fugitive's farm

Police raiding a Dominican Republic farm allegedly owned by a drug fugitive found a menagerie of exotic animals including ostriches and a wild boar.

Bankrupt hotel? Check in with caution

How do you make the most of a visit to an almost-bankrupt hotel? Here’s how to spot a property and what to do if you find yourself checking into one.

Venezuela steps up control over urban land

Venezuela's National Assembly has approved a law that paves the way for the government to take over private buildings and land in urban areas.

Starwood Property Trust shares dip in debut trade

Shares of hotel magnate Barry Sternlicht's Starwood Property Trust Inc. initially declined on their first day of trading Wednesday before closing unchanged, even as the broader markets edged up after the Federal Reserve left a key interest rate at a record low.

Mother gets limited power over Jackson's property

A judge granted Katherine Jackson limited control over some of her son's property on Monday after the singer's mother expressed concerns about who controls his business ventures and bank accounts.

London 2012 organizers seal Olympic Village deal

London 2012 organizers have completed a deal to sell almost half of the housing units in the Olympic Village after the games.

Mexico's Senate approves property seizure law

Mexico's Senate on Thursday unanimously approved legislation that would allow the government to seize property from suspected drug traffickers and other criminals before they are convicted.

Madoff's home in Florida lost almost $2M in value

Even Bernie Madoff isn't exempt from the real estate slump. The Florida mansion that prosecutors seized from the Wall Street swindler appears to have lost a big chunk of its value since Palm Beach County officials assessed its worth last year at $9.3 million.

Once-booming U.K. loses its swagger

- Glancing at her mortgage bill, Jennifer Wilson can’t help but lament that a portion of her monthly payment covers the cost of her dalliance with decadence.

Breakaway Episcopalians lose bid to keep building

A judge has ruled that a Colorado Springs church building belongs to the Episcopal Diocese of Colorado and not a breakaway parish.

Calif. lawmaker appears ineligible for tax break

Democratic Rep. Pete Stark of California, a senior member of the House's tax-writing committee, appears ineligible for a tax break he has received over the last two years by listing a Maryland house as his primary residence.

At foreclosure auctions, the hunt is on

BELLEVUE, Wash. - Opportunity is knocking in the chilly winter air of this Seattle suburb, and Rock Harrison intends to answer it.

Corporate meltdown leaves renters in limbo

Nicholle Krause first noticed the weeds sprouting in the usually well-manicured grounds of her 320-unit apartment complex in Chandler, Ariz., in December. Soon, signs of neglect began multiplying: Garbage spilled over from the dumpsters, the water in the swimming pool turned a slimy pea green and the grounds were infested by swarms of bees — especially alarming because Krause is severely allergic to bee stings.

How to score your first investment property

For the first time in a long time, you can actually get both a short- and long-term gain on a real estate investment. With prices down, interest rates at record lows, and so many would-be buyers deciding to rent instead, it’s a great time to buy a real estate investment. 

Patriots make state's abandoned property list

The New England Patriots, former Boston Bruins star Ray Bourque, and baseball analyst Peter Gammons are among the 40,000 businesses, individuals and charities to have unclaimed money or property being held by Massachusetts.

The Chinese are coming, to buy bargain US homes

Beijing lawyer Ying Guohua is heading to the United States on a shopping trip, looking not for designer clothes or jewelry, but for a $1 million home in New York City or Los Angeles.

Report: Dubai house prices fell 8 percent in Q4

A new report shows home prices in fast-growing Dubai tumbled 8 percent in the last three months from the previous quarter, the strongest evidence yet that the city-state's property boom has run out of steam.

Dubai retreats on just-announced $95B development

The new Dubai developer that unveiled a $95 billion real estate project just two months ago said Wednesday it is reviewing its plans — the latest sign that the souring economy is dampening this brash boomtown's ambitions.

Dubai property boom gets hit by financial crisis

This Arab Gulf boomtown — so business-friendly it's been called "Dubai Inc." — is suddenly getting a nasty taste of the global financial crisis.

Dubai property market on edge amid global slowdown

Dubai's long, lucrative property boom is hitting rough times, with property-flipping speculators and hopeful foreign buyers increasingly worried as easy oil money and quick profits dry up.

House in CT eminent domain dispute finds new home

A small house that was once at the center of a U.S. Supreme Court decision on government seizure of private property has found a safe haven.

The Vine
lovemoney.com - The estate agent debate
Source: lovemoney.com

Is it essential to use an estate agent when you sell your home? We speak to Sarah Beeny and estate agent, Philip Bullman to get both sides of the argument.

lovemoney.com - House prices have bottomed, says Sarah Beeny
Source: lovemoney.com

Ed Bowsher chats to Sarah Beeny, presenter of Channel Four's 'Property Ladder' about the housing market, property developing, and her new online venture, Tepilo.

USAA: An Insurance Club That Just Got Bigger
Source: The New York Times

"Today, USAA is announcing that it will more than double the number of people who are eligible to sign up for auto, home and other insurance policies with the company.

The Trouble with Recovering a Broke Economy

One of the silent killers of the economic recovery may be a program the President first introduced in Phoenix back in February.

Search For Sex Offender Leads to Bodies in Cleveland Home -
Source: fox8.com

Lt. Tom Stacho with Cleveland police just confirmed to Fox 8 News that the remains of possibly three more people have been discovered at Anthony Sowell's residence on Imperial Ave., making a total of six bodies found within the last two days.

Goshen, IN schools to lose a lot of cash under tax cap
Source: goshennews.com

Members of the Goshen Board of School Trustees Monday learned that the corporation will be losing approximately $232,000 due to the property tax caps implemented as part of the 2008 property tax reform process.

Kingsford couple dismayed by property survey
Source: ironmountaindailynews.com

A property survey for construction of a neighboring apartment complex has left a Kingsford couple with less of a home. Diane and Doug Hicks of 409 Garfield St. presented a letter to Kingsford City Council on Monday seeking remedies for their predicament.

Briarmoon ticketed at foreclosure sale
Source: gazettextra.com

JANESVILLE — A regular Janesville City Council candidate who has a history of fighting the city over code violations is accused of disrupting the foreclosure sale of her property.

Forfeiture Laws, the War of Drugs, and Alvarez v. Smith
Source: writ.news.findlaw.com

In Alvarez, the federal Seventh Circuit Court of Appeals ruled that it was unconstitutional for Chicago police to seize cars and other property and hold it for many months at a time a without giving the owners any chance challenge the seizure.

Brazil bill could restrict foreign land purchases
Source:

Brazil's lower house of Congress approved a bill on Tuesday that would restrict foreign ownership of land along the country's borders and in the Amazon as part of government efforts to boost controls in the region.

Did Columbus Discover America: and whose land is it anyway?

It all depends on what you mean by discover and who you're talking about. To those identified by the term Native Americans he did not, how could he discover where they were living?

City to homeowner: Let us in, or get out
Source: WorldNetDaily News

"Man evicted from house for resisting warrantless inspections"

Police: Bones found on Garrido property -
Source: CNN

Investigators have found bones on the property where kidnapping suspects Phillip and Nancy Garrido lived for 18 years with Jaycee Dugard and her two daughters, police said Wednesday.

Wake up: City property-tax increases of 40%?
Source: Denver.YourHub.com

A vote yes for the separate Aurora Library Taxing District will result in your Aurora property taxes increasing a minimum of 40% (4.29 mills based on 2008 valuations) in monies paid to the city for city services.

Only 5 homes rebuilt since Black Saturday
Source: abc.net.au

Seven months after the Black Saturday bushfires, it's been revealed only five houses have been rebuilt.

Civil asset forfeiture laws punish the innocent and corrupt law enforcement agencies
Source: The Globe and Mail

Ontario's Civil Remedies Act will deprive innocent people of their justly owned property. It will divert police attention from catching and convicting genuine criminals, and will encourage them to "catch and release" those who prove to be a source of revenue.

Pets are property in divorce
Source: The Jacksonville Times-Union

The house. The furniture. Time with the children. In a divorce, dividing everything can be contentious. But when the family dog gets involved, watch out.

The Tyranny of the Majority, vs the Unanimity of Liberty
Source:

Some people try to say that a majority vote is as close as you can reasonably get to consensual government, and therefore free society, but they're wrong.

What Needs to Be Done to Insure a Successful Short Sale

As the foreclosure rate of homes reaches an all time high, homeowners are looking for alternatives to foreclosure and the devastating to damage to their credit. A short sale is a viable alternative.

Watergate attracts at least six potential buyers
Source: ABC Action News

The lender holding the $40 million note on the closed Watergate Hotel says at least six potential buyers are interested in acquiring the landmark property.

Florida highrise has 32 stories, but just 1 tenant
Source: KVOA

The Vangelakos' southwest Florida condominium has marble floors, a large pool overlooking a river and modern furnishings that speak of affluence and luxury. What they don't have in the 32-story building is a single neighbor.

Free Webinar on Why 97 Percent of Real Estate Investors Fail; and How to Fix It

It is no secret the real estate industry has taken a hit, but regardless of the down economy, many real estate investors are thriving with their real estate mentor's guidance.

Lonsdale House to be bulldozed
Source: theage.com.au

One of Melbourne's landmark art-deco buildings - Lonsdale House - will be bulldozed to make way for a new CBD shopping centre as part of the Myer redevelopment.

Public tenants told to move so homes can be demolished
Source: The Sydney Morning Herald

PUBLIC housing tenants in North Ryde and Eastwood have been told they will have to move out, but they do not know when or where to go.

$1 houses in Wycheproof
Source: theage.com.au

Offering $1 houses during a global financial crisis has made the little Mallee town of Wycheproof hot property.

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