Christina Hall, star of HGTV's Christina on the Coast, and her husband Josh Hall have gone their separate ways. According to court documents obtained by Entertainment Weekly, Josh is seeking divorce after nearly three years of marriage, citing irreconcilable differences. The documents list the date of separation as July 8. Josh, a real estate agent, is also seeking spousal support. Christina has also filed for divorce, according to People magazine. The former couple quietly married in 2021 and had a wedding ceremony in Hawaii the following year in front of close friends and family. The couple do not have any…
Author: Private Lending Agent
Skills required for BRRRR investment If you choose to go the active investment route, it will require more effort and skill, but in return you will have more control over your real estate transaction. First, you need to learn how to find a good deal on a property. Some investors use a real estate agent to buy properties that are listed on the MLS, but the best deals aren't just publicly advertised. That's the definition of market price. If you want to get a real bargain, you need to find off-market deals, which takes time and money. Not only do…
Boston Mayor Michelle Wu spent about an hour Tuesday asking state lawmakers for the authority to impose a temporary higher tax burden on commercial properties in the city. Wu and other supporters of the bill said the change would protect residential properties and the people who live in them from suffering a sudden increase in property taxes.The proposal comes as Boston faces a decline in commercial property taxes. If Boston is not given the power to manipulate tax rates and the predicted trends continue, homeowners could see a 33% increase in residential property taxes to make up for the decline…
Different property types Mr. Larson grew up in Big Sandy, a small town north of Great Falls. He joined the mortgage industry in 1990 and moved to Reverse Channel in 2002. He lived in various states over the years but moved back to Montana with his family in 2020. Every region has its own unique challenges in launching a reverse mortgage, and Montana is no exception. “Montana has never had mass-market housing built, unlike more densely populated areas like Phoenix or Los Angeles,” Larson explains. “Those areas built 500 subdivision lots in the 1930s and 1940s, with two models, each…
One American Place, the second-tallest office building in downtown Baton Rouge, is set to be foreclosed by the East Baton Rouge Parish Sheriff's Office after a lawsuit was filed alleging the owner missed mortgage payments. According to the lawsuit filed last month in 19th Judicial District Court, as of May 30, One American Place Operating LLC owes the trustee, Wilmington Trust National Association, $24.2 million in principal, interest, late fees and other charges. That total also includes $23.9 million in unpaid principal. According to court documents, One American Place Operating borrowed $31.5 million from JPMorgan Chase in August 2018. The…
The International Monetary Fund (IMF) has warned that interest rates may need to remain “high for further period” as inflation remains “somewhat persistent” in countries including the UK and the US. The agency also said elections around the world had increased “uncertainty” over economic growth due to concerns about “significant shifts” in policy from new governments.The IMF maintained its forecast that the global economy will grow by 3.2% in 2024, but now sees slightly higher growth of 3.3% in 2025.It also confirmed it had raised its forecast for the UK for 2024 to 0.7%, but left its forecast for 2025…
After six years of success, specialist manager Ameris Capital's sixth real estate debt fund has entered a new phase. Seeking to capitalise on market trends and expand its investor base, the Chilean investment boutique has decided to convert the fund into a semi-liquid fund.The investment vehicle in question is called Ameris Deuda Inmobiliaria VI (known at the company as ADI 6), and will invest in loans to real estate developers who need capital to carry out their projects under different structures. As Martín Figueroa, a partner at the company, explained to Funds Society, these can include preferred shares, mezzanine capital,…
Key Takeaways According to a new Zillow report, one in four sellers have lowered the price of their home to attract buyers.High interest rates have led to an uptick in home sales as some sellers who were waiting for rates to fall give up. Even as mortgage rates start to fall and more homes come onto the market, buyers remain undecided. Sellers may have had the advantage in the U.S. housing market over the past few years, but that may be changing. A new report from Zillow finds that one in four sellers lowered the price of their home in…
John Passalis, president and broker at Realosophy Realty, appears on BNN Bloomberg to explore trends in the Toronto real estate market. Investor enthusiasm for Canada's commercial real estate sector is steadily growing, according to a new report.Real estate firm Avison Young released a report on second-quarter investment trends on Tuesday, concluding that the majority of transactions were driven by retail investor activity. The report also highlighted that certain factors, such as economic conditions and population growth, are likely to drive a recovery in the real estate industry.”The commercial real estate market is expected to continue to improve throughout the year,…
The Department of Housing and Urban Development accused Rocket Mortgage, a real estate appraiser and property appraisal management company, of discriminating against black homeowners.The housing authority said Rocket chose to rely solely on biased appraisals when it rejected a borrower's refinancing application in Denver three years ago. According to HUD, appraiser Maksim Mikhailina, who owns Maverick Appraisal Group, allegedly gave an “unbearably low appraisal” to a two-family home owned by a black woman in a predominantly white neighborhood of Denver.According to the Housing Department, AMCs Rocket and Solidifi chose to rely on the appraisers' assertions even though borrowers challenged the…