Articles About Auction

Author:
Mike Ochs
Posted:
03.26.2012

Foreclosures Decline, But Expect a Spike Thanks to Banks Settlement

Foreclosure filings declined eight percent in February, the smallest year-over-year decrease since October 2010, as lenders began working through a backlog of seized properties, according to RealtyTrac Inc. A total of 206,900 homes received notices of default, auction or repossession last month, down two percent from January, according to the data firm, which noted that […]

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Author:
Mike Ochs
Posted:
02.21.2012

As Foreclosures Decline, Federal Government Makes Deal With 49 States

In good news for beleaguered homeowners, the Obama administration announced a $26 billion mortgage settlement, which 49 out of 50 state attorneys general signed on to.  The deal won praise from such groups as the Mortgage Bankers Association, the industry trade group for lenders, and the Center for Responsible Lending, a public interest group advocating […]

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Author:
Matt Ward
Posted:
07.29.2009

Watergate Hotel Relegated to White Elephant Status

The Watergate Hotel – the site where the “third-rate burglary” that sparked the biggest political scandal in American history and brought down Richard M. Nixon’s presidency was plotted — is now a distressed commercial property that failed to find a buyer at a much-anticipated auction. The 251-room hotel, with its spectacular views of the Potomac […]

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Author:
James I. Clark III
Posted:
06.03.2009

Back to the Futures? Not Just Yet. Investors Still Spooked by Derivatives

It’s no surprise that investors are still wary of investing in derivatives, given the financial devastation that these vehicles’ collapse caused last year.  Proof of the fact is that the IPO of a financial instrument designed to be on American home prices failed because its auction did not generate adequate investor interest. According to its […]

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