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I recently read an article in a popular Real Estate magazine regarding a Belgian based company called Cohabs. They specialize in creating cohabitation space where “like minded” people can cohabitate on a short- or long-term basis. The article focused on the fact that they raised $450 million to expand their operation into the United States. […]
Foreclosure is defined as the legal process by which a lender takes control of a property, evicts the homeowner and sells the home after a homeowner is unable to make full principal and interest payments on his or her mortgage, as stipulated in the mortgage contract. In layman’s terms, if someone cannot pay their mortgage, […]
The banking and real estate industries have a symbiotic relationship. In other words, they need each other to survive. This is because most individuals who purchase homes borrow money from a bank. This is called a mortgage. Banks depend on a few products to earn money and mortgages are a major product. There are two […]
Real estate is defined simply as “property consisting of land and the buildings on it”[1]. This means that grassy spot off the highway is considered to be real estate and conversely the sky-scraper in mid-town Manhattan is also considered to be real estate. However, human beings did not always look at real estate the way […]