8220;The act expires at the end of 2013,” said Linda Craft, CEO of Linda Craft & Team, REALTORS[R] & Certified Distressed Property
Expert (CDPE), “Some of the solutions available to homeowners can take months to complete.
New Hampshire's distressed property
sales rate was the highest of the states studied.
is a strong indication that the distressed property
cycle is continuing to provide sub-value deals.
WORLDWIDE demand for distressed property
increased dramatically in the second quarter of 2011, according to the Royal Institution of Chartered Surveyors (RICS) latest global distressed property
Allsop, a UK firm which specialises in distressed property
sales organised the auction and company partner Michael Linane said the event had been a "phenomenal success".
BANNER: There are two ways you get to become a distressed property
Stroock & Stroock & Lavan LLP announced the addition of Ron Kriss as a partner in the Real Estate Practice Group and chair of the Distressed Property
Practice Group, and Paul Shelowitz as a partner in the Litigation Practice Group, effective immediately.
It also revealed that expectations for increased distressed property
sales in the coming months are highest in the Republic of Ireland, US and Spain.
Oliver Gilmartin, RICS senior economist, said: "The issue of distressed property
assets has not yet gone away despite a modest recovery in values across most global property markets in the past six to 12 months.
A: "The major trend that will affect the multifamily market into 2010 is the state of the distressed property
market, which is a direct result of the loosened lending parameters extended to owners and investors over the past several years.
However, surveyors are more optimistic in Brazil, Hong Kong and India, and expect fewer distressed property
listings in these countries.
Certified distressed property
expert George Durkin, a broker-manager with Las Vegas-based Realty Executives, says real estate investors who do their homework--and don't try to time the market by looking for the perfect moment to buy--will have the best chance at success.