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In Housing, Big Is Back (Not Counting the Extras)
http://www.nytimes.com/2014/01/26/business/in-housing-big-is-back-not-counting-the-extras.html?hpw&rref=business
Katie Sleep and her husband, Jonathan, lived in the same four-bedroom home in a Washington suburb for 23 years. After Ms. . “First-time buyers are having trouble coming up with the down payment and qualifying for mortgages,” Mr. Hunter said. “They

When Should Retirees Downsize Homes?
http://online.wsj.com/article/SB10001424052702303448204579338571140024380.html
For most people, their house is their biggest asset. It's also their biggest expense. But when it comes to retirement planning, a house often falls to the bottom of the list involving changes in later life. There are plenty of reasons for that inertia

Long Beach Superblock deal sealed with plan for larger development
http://www.newsday.com/long-island/towns/long-beach-superblock-deal-sealed-with-plan-for-larger-development-1.6877878
Long Beach Superblock deal sealed with plan for larger development The Superblock has always been the "missing part, to complete the development of the city in Long Beach," said Larry Levy, executive dean of the National Center for Suburban Studies at Hofstra University. The project could be the "last, best chance for

The Tale of a House, and an Entire Market
http://www.nytimes.com/2014/01/26/business/the-tale-of-a-house-and-an-entire-market.html
The average home price that year was $150,000; this house, in a desirable middle-class suburb of Washington, sold for $227,140. . “They told me to go ahead and buy and just refinance later on to a more manageable mortgage payment,” she said.

The Business - Mortgage Mentality

ALBUM: Suburban Rebels YEAR: 1983 Oi! Oi! Oi! TRACKLIST: Get Out While You can | Blind Justice | Work Or Riot | The Employers Blacklist | Nobody ...

PROVIDENT FINANCIAL SERVICES, INC. (NYSE:PFS) Files An 8-K Regulation FD Disclosure

Item 7.01Regulation FD Disclosure.

In its earnings release and Quarterly Report on Form 10-Q for the quarter ended March 31, 2018, Provident Financial Services, Inc. (the “Company”) disclosed that it had established a specific reserve of $2.5 million with respect to a $15.4 million credit to a commercial borrower that filed a Chapter 7 petition in bankruptcy on March 27, 2018 for a liquidation of assets. The Company also cautioned that additional reserves for this credit could be required in the future.

Based on further information obtained from the bankruptcy proceeding during the second quarter, the Company believes that the extent and value of inventory securing repayment of the credit, as well as the accounts receivable pledged to the Company as collateral were overstated by the borrower. Accordingly, the Company expects that an additional reserve for the remaining balance of this credit will be required, and that its net income for the quarter ended June 30, 2018 will be reduced by an amount up to $9.3 million, after tax, or up to $0.14 per diluted share.

One Mill Run 9-Story Office Complex Gets Capital Infusion in Hilliard, Ohio

Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, refinanced One Mill Run, a Class-A 174,323 square foot, 9-story mid-rise, suburban office complex located in Hilliard, Ohio .

The property is located in Hilliard, a western Columbus, Ohio, suburb and benefitting from excellent visibility to Interstate 270. The key metro area and submarket trends, construction outlook, and the performance of competing properties indicates a positive impact on the property's performance in the near-term, company officials said.

The owner, IMC Real Estate Management, is headed by Canadian investor Tom Marmaros. He has been a long-term investor in prominent Columbus office buildings. According to company officials, the total Hunt Mortgage Group investment is $17 million. The property was constructed in 1989 and is 95% leased. The site area is 9.74 acres or 424,274 square feet.

"Since purchasing One Mill Run in August 2014, the owner has reinvested

Can I back out of my contract if the builder files for Chapter 11 and get back my earnest money?

Orleans Homebuilders files for bankruptcy!!!This story was in the Chicago Tribune Monday 03/01/2010."Orleans Homebuilders, Inc., a Pa.


It's worth a phone call to Alambry. There may be hope to get your deposit back especially in view that the construction will not likely proceed.