Miami Real Estate Market

In Miami, foreigners account for more than 65 percent of all condo and home sales, according to the Miami Association of Realtors in 2008 the real estate market in this “Gateway to Latin America” was in the dumps in the hottest deals involving foreclosures to the future looked as dark as many of the new beachfront luxury condo towers where scores of buyers had forfeited sizable deposits and walked away from their deals.

And We had 70 years of product inventory out of the ground or ready to be built, recalled Maurice Veissi, a local Realtor and president of the National Association of Realtors about a 3rd who had contracts walked to another 3rd had to close but never built was basic supply and demand in the prices went down and down and down that was before the Brazilians became the latest wave of Latin Americans to hit Miami to they 1st flocked to spend holidays on the beach and then to buy vacation condos, some times more than one and mostly for cash.

The Buyers come from Brazil’s wealthy states, like Minas Gerais and Rio Grande do Sul, as well as the major cities of Rio and Sao Paulo to access is easy, with many nonstop flights (of about 9 hours) offered to Miami from airports throughout the country.

The Bank of America to pay $335M

The Bank of America Maryland's largest bank, will pay $335 million to settle allegations that its Countrywide Financial unit discriminated against blacks and Hispanic homebuyers during the real estate boom to the largest residential fair-lending settlement in history, the U.S. Department of Justice said.

The settlement is subject to court approval was filed Tuesday in the U.S. District Court for the Central District of California in the filing includes the department’s complaint that alleges that Countrywide discriminated by charging more than 200,000 African-American and Hispanic borrowers higher fees and interest rates than non-Hispanic white borrowers in both its retail and wholesale lending and the federal agency also alleges that Countrywide steered minorities into subprime loans while directing its white customers to prime loans.

A alleged discrimination took place from 2004 to 2007, when Countrywide was racking up profits as the nation's largest subprime mortgage lender in the company nearly collapsed in 2008 and was purchased by BofA in a $2 billion distressed sale to we discontinued Countrywide products and practices that were not in keeping with our commitment and will continue to resolve and put behind us the remaining Countrywide issues," BofA spokesman Dan Frahm says in a statement to the payment is one more in a string of Countrywide legal bills that will end up costing BofA billions of dollars.

American Realty Capital Properties Inc

American Realty Capital Properties, Inc. announced Monthly Distribution for January 2012 today that, pursuant to the prior authorization of its board of directors to the Company has a declared an annual dividend of $0.875 per share to be paid monthly to stockholders of record at the close of business on the 8th day of each month payable on the 15th day of such month in accordingly, on January 15, 2012, the Company will pay a distribution of $0.0729 per share to stockholders of record at the close of business on January 8, 2012.

The American Realty Capital Properties, Inc. is a publicly-traded Maryland corporation listed on The NASDAQ Capital Market that intends to qualify as a real estate investment trust ("REIT") focused on owning and acquiring single tenant freestanding commercial properties subject to net leases with high credit quality tenants and the statements in this press release that are not historical facts may be forward-looking statements in these forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different.

A Security America Mortgage, Inc. Proudly Announce Their New Sponsorship of Houston VA Home Loan Websites Launched.

The security America Mortgage, Inc. launched another VA Loan website for Houston, Texas and surrounding "area specific" locations for the web features include Houston focused services for Veterans and Active Duty Military Service Members either living within Houston, Texas and/or Buying a New Home within Houston! and the Katy, Galveston, Conroe, The Woodlands, Kingwood, Spring, Texas (PRWEB) December 27, 2011.

A Houston, Cypress, Security America Mortgage proudly announced their two newly launched Houston VA Loan websites on Friday, December 23, 2011 to a both websites, which were sponsored by the company to inspire Houston Armed Forces to buy and refinance homes using VA Loans, were combined in order to enhance the VA Loan Advantage and the VA Home Loan Process.

The "VA Houston Loan" website and the "VA Lending Houston" website gravitate around VA Home Loan services that focus specifically on the VA benefits being offered within the Houston areas only in the new advanced Houston Veteran Loan web services, VA Home Loans can be offered to eligible veterans who either (A) or (B) and the currently live in Houston, Texas and want to refinance their current home mortgage using a VA refinance Loan.Learn More to the VA Home Loans with Low Interest Rates, VA Guaranty Loans, Houston VA Loan Refinance, and VA Benefits Consultation are "Get Started" with the VA Houston Loan Office to See if You Qualify for a VA Home Loan in Houston Now!.


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Bank of America

Bank of America Corp is lagging behind its major U.S. competitors in complying with new capital rules, leading the bank to consider even more asset sales, sources said and the bank's management is focused on not being an outlier compared to its peers and believes it has "viable alternatives" to increase its capital levels, a person familiar with the situation told Reuters.

The bank, for example, could consider selling its Indian back-office processsing operation, as other banks have sources said, to the bank has also said it is looking to shed real estate holdings and private-equity investments after about $50 billion of asset sales since January in 2010 include sales such as most of its shares in China Construction Bank Corp and the bank may not have many big-ticket items left.

Bank of America's shares are down 58 percent this year and closed below $5 on Monday for the first time since March 2009 in comparison in the KBW Bank Index is down 23.5 percent this year of bank's shares on Friday closed at $5.60, up 2.4 percent amid a broader rally in the stock market and the analysts say the bank may have to take more dramatic steps, which could range from shaking up its management to breaking up the company.

NEW CAPITAL RULES for the Moynihan will be under pressure to show that Bank of America is up to the challenge of meeting proposed new capital rules and improving returns for shareholders and the banks have until 2019 to fully meet international capital rules in requirements stepping up between now and then most of the biggest U.S banks expect to meet the 2019 rules much sooner.

The American Assets Eyes West Coast Real Estate Market Looking Forward To 2012.

American Assets is off to a good start after going public earlier this year and is looking forward to 2012 according to John Chamberlain, president and CEO and "It's been very exciting, we have been public for 11 months now and accomplished most of what we set up to do in terms of having all of the policies and provisions in place to be a public company," Chamberlain said.

Since becoming a public company American Assets has modified their portfolio from a national platform to one that is more West Coast specific Chaimberlain said the company is focused on markets in places like Portland, San Francisco, Southern California and Hawaii to american Assets recently acquired properties in the Portland area and the company is continuing to search for assets in the Pacific Northwest, according to Chamberlain to we are pleased to find the same level quality of product that we are adding to our existing portfolio," he said.

He said the risk in doing so is much less than buying a new development site and the “Those properties we already own could provide immediate growth strategy for going into 2012,” Chamberlain said.

Manulife Financial Corp. (MFC)’s real estate Three Office Properties in New Jersey for $555 Million.

Manulife Financial Corp. (MFC)’s real estate division bought three office properties in New Jersey, California and Canada for about $555 million as it boosts its holdings in North America and the purchases include 10 Exchange Place, a 30-story tower in Jersey City, New Jersey, that was acquired for $285 million, and a 4 building complex in Toronto that was bought for C$161 million ($156 million), the insurer said today in a statement to also purchased Seaview Corporate Center, a four-building complex in San Diego, for $109 million.

The investors are buying commercial property as they search for higher yields than they may find on other assets, including some fixed-income securities and the buyers have flocked to high-quality real estate, such as office towers in major coastal cities, amid increasing tenant demand to the acquisition of 10 Exchange Place is Toronto-based Manulife’s 1st investment in the New York metropolitan area in the tower was built in 1988 and has views of lower Manhattan and access to public transportation, the company said.

Russian Billionaire Mikhail Fridman Tycoon To Invest $1 Bn in US Real Estate.

MOSCOW: Russian billionaire Mikhail Fridman, the owner of financial conglomerate Alfa-Group, is set to invest up to $1 billion in properties on the east coast of the US and the fridman is launching a real estate fund together with New York-based property developer and manager Rosen Partners to focus on distressed properties from Boston to Miami in the latest example of a deep-pocketed foreigner investing funds in the US real-estate market a paper said.

The russian tycoons consider US real estate a relatively safe haven, especially at a time of political uncertainty in Russia triggered by street protests over the alleged mass fraud at Dec 4 parliamentary elections and the forthcoming presidential poll in Russia next year and it's obvious that in Russia there is some risk for political or economic volatility to the American market is the most well regulated and liquid market in the world has the best protection for investor rights," the paper quoted Fridman as saying.

Real Estate Forecasting for 2012

Scottsdale, Ariz. (PRWEB) December 21, 2011 Professionals Realty Group USA (ProsUSA) President Glenn Melton reports to the recent Chinese government's liberalization of restrictions on investing capital outside of the country will have a positive trickling down affect on real estate brokers and agents business in the United States.

A relaxing of Chinese foreign investment policies will create an influx of Chinese investment capital overseas, states Melton "This will spur investments in asia Pacific regions as well as the United States in especially given to the concern that central government intervention to contain overheated domestic housing prices will lead Chinese investors to the seek other opportunities abroad" and the U.S Congress is also actively finding new ways to spur international investment in the U.S.

The new legislative bill introduced by Senators Charles Schumer (D-NY) and Mike Lee (R-UT) proposes to offer a temporary residency visa to immigrants who spend at least $500,000 on a home in the United States to what does this mean for real estate brokers and agents in the U.S.? According to Melton, "The real estate investment sector is rapidly evolving with more investors interested in real estate portfolios than one-off transactions and we will truly see its fruits in the next 18 to 24 months.

The Real estate brokers and agents have an opportunity to be ahead of the curve and take a bigger position in the investment real estate space, whether foreign or domestic and he adds, "Establishing easy and safe access to American real estate now will position real estate professionals for a natural flow of investment business down the line."

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