Foreclosures and Home Improvement

Deadline for the Property Tax Exemption in Detroit

Detroit - MI

Homeowners Property Exemption (HOPE) is a program designed to provide tax relief to homeowners by reducing or eliminating property taxes on their primary residence, helping them avoid foreclosure. The program may vary in name, eligibility, and specific requirements depending on the jurisdiction in which the property is located. To be eligible for the HOPE initiative […]

House Purchases Fail in Miami

Florida

Due to current controversies in the Miami real estate market, more than 900 sales agreements for home purchases have fallen through before closing so far this year. These potential contracts, according to statistics, are failing due to rising mortgage rates and concerns generated by mandatory reforms that must be carried out on condominiums. Although data […]

Foreclosure Sale Leads to Acquisition of Houston’s Historic Esperson Buildings

Foreclosure Market

Renowned as an excellent example of Italian Renaissance design, the iconic Esperson buildings in Houston were acquired by Interra Capital Group through a foreclosure sale last Tuesday. The lender, MetLife, initiated foreclosure proceedings on the property, which had been owned for over ten years by a subsidiary of Houston-based Cameron Management. The Esperson buildings are […]

Increase in Buyers Drive Up Housing Prices in Chicago

Chicago - IL

According to recent analyses by CoreLogic, a real estate data company, it has been determined that the city of Chicago is currently experiencing housing affordability issues, representing a crisis within the local real estate market. When remote work emerged as a consequence of the COVID pandemic, many Chicago residents decided to sell their homes and […]