AUTHOR DETAILS
-
admin0 Posts
Zombie Foreclosures on the Upswing
More U.S. homes fall into vacant zombie foreclosure realm in third quarter of 2020. ATTOM Data Solutions’ third quarter 2020 Vacant Property and Zombie Foreclosure Report revealed that 1,570,265 residential properties in the U.S. are vacant. That’s 1.6% of all homes. The report analyzespublicly recorded real estate data collected by ATTOM Data Solutions, including foreclosure status, equity and owner-occupancy status, matched against monthly updated vacancy data. The third quarter analysis
Eastern Union Launches Small Loans Division
Eastern Union launched a new Small Loans Division. The new national division will focus primarily on multifamily deals valued at less than $1.5 million, with a minimum loan size of $150,000. The division will also arrange financing for portfolios of single-family rental or smaller multifamily properties whose combined value can reach tens of millions of dollars. Transactions handled under the Small Loans Division will include office, retail, health care, hospitality, industrial and self-storage.
Next Generation Technology Solution for Real Estate Inspections
Using a new technology solution from ServiceLink, borrowers can complete home inspections from the comfort and safety oftheir homes. The new mobile app, EXOS Inspect, uses a patent-pending technology featuring the latest artificial intelligence and an intuitive user interface that allows homeowners to complete secure video inspections for critical aspects of the lending and servicing process. The app is designed to guide homeowners through a step-by-step process, using any compatible
Luxury Single-Family Community Planned Near Denver
Watermark Residential has acquired 20.25 acres of land in the Castle Pines suburb of Denver for the development of The Summit Townhomes & Villas. The luxury-leased residential community will feature one- to four-bedroom attached single-family homes and townhomes. The development is expected to be completed by December 2022. The development, located along Lagae Road south of Castle Pines Parkway, will consist of 214 homes averaging 1,410 square feet. All units will feature
Planet Home Lending Partners With the Farmlink Project
National mortgage lender and servicer Planet Home Lending, LLC, has partnered with The Farmlink Project, a nonprofit grassroots movement rescuing millions of pounds of fresh produce that would otherwise go to waste. The Farmlink Project was started in mid-April by college students and recent graduates who saw a need to connect farmers with surplus crops to food banks in need. Since its start, The Farmlink Project has delivered meals to more than
Waste Metering Debuts in Multifamily Housing Market
RealPage has partnered with Compology to develop the RealPage Waste Management Solution, which includes rugged dumpster cameras and artificial intelligence. It is a first for the multifamily real estate market. “Compology’s integration offering enables industry leaders, like RealPage, to flexibly and seamlessly integrate automated waste metering into their existing platforms,” said Ben Chehebar, chief product officer of Compology. “We’re excited for the positive results RealPage will deliver to the multifamily market,
