| Foreclosure nightmare worsens
The worst of the U.S. housing slump may be over but not the foreclosure nightmare that haunts many of the nations homeowners, says a Central Valley real estate investment and foreclosure information company. More than a quarter-million (253,803) pre-foreclosures and notices of pending foreclosure auctions were filed nationwide in the first quarter of the year, according to figures compiled by Foreclosures.com of Fair Oaks. That means 2.4 out of every 1,000 homeowners faced losing their property to foreclosure in the first three months of 2007, according to its calculations. Those numbers are up 22.5 percent from the 207,128 filings in the fourth quarter 2006. They also dont include tens of thousands more now-vacant properties that actually were lost to foreclosure during that same period, says Foreclosures.com.
WWA Group Reports on Record Dubai Auction
DUBAI, United Arab Emirates--(BUSINESS WIRE)--WWA Group, Inc. (OTCBB:WWAG) today announced the successful conclusion of the most recent auction held at WWA Group's Dubai facility during the period April 10 to April 12, 2007. Gross auction sales exceeded US$20.5 million and involved more than 445 registered bidders from 29 countries. Equipment consigned by 163 consignors from 23 countries, comprised of over 1,350 items, was sold to 223 successful bidders. "WWA Group generated the highest overall sales volume of the last 18 months at this auction," commented Chris Bettinson, general manager of WWA Group's auction business. "We also generated the highest ever commission and services revenue, in gross dollars and as a percentage of gross sales. Our aggressive sales force and new contract control policies are getting positive results.
Worry Over Delay in Opening of Tobacco Auction Floors
THE Zimbabwe Association of Tobacco Growers has expressed concern over the delay in opening of tobacco auction floors saying it could hold-up farmers' preparations for the next tobacco-farming season. According to the association, land preparations for tobacco planting for next season are supposed to have been underway and this requires financing. .
Indiana Developers Submit Bids for Market Square Arena Site
The Metropolitan Development Commission is expected to make its decision by July on two bids submitted for the redevelopment of the former Market Square Arena site in downtown Indianapolis. Developer Kosene & Kosene submitted a bid, as did Market-Ability, Inc., which consists of four Indiana developers. That group is proposing a $150 million, 523,000 square foot mixed-use development that would include a Target store. If the proposal is selected by the City of Indianapolis, the group says it would break ground in October, with completion slated for 2009.
Source: Inside INdiana Business
.
|
