Archive for the ‘Real Estate’ Category
Real Estate power broker dead of apparent suicide
One of Chicago’s most well-known real estate moguls appears to have shot himself to death, police said.
The body of Steven L. Good was found in his Jaguar on Monday. The car was spotted in a parking lot of a wildlife preserve in Kane County, Illinois, just outside Chicago, authorities said.
No note was found, and police say they do not know how long the 52-year-old had been in the vehicle.
Good was the chairman and chief executive officer of Sheldon Good & Co., a major U.S. real estate auction company.
The death comes amid great turmoil in the country’s real estate industry. In his role as chairman of the Realtors Commercial Alliance Committee, Good commented on tough conditions last month at a business conference.
On a memorial blog set up by the Chicago Association of Realtors, for which Good once served as president, friends and colleagues described him as a gregarious man with a big personality. He was a savvy businessman who built his company into a major national real estate company that did deals with Donald Trump, they said.
Read full articleTags: apparent suicideestate auctionsoutside Chicagopower brokerReal Estatereal estate auctionreal estate auctionsreal estate mogulsReal Estate Powerthe real estateUnited States exclusively
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Radical cheap: $1,000 homes
The real estate market is so awful that buyers are now scooping up homes for as little as $1,000.
There are 18 listings in Flint, Mich., for under $3,000, according to Realtor.com. There are 22 in Indianapolis, 46 in Cleveland and a whopping 709 in Detroit.
All of these communities have been hit hard by foreclosures, and most of these homes are being sold by the lenders that repossessed them.
“Foreclosures have turned banks into property management companies,” said Heather Fernandez, a spokeswoman for Trulia.com, the real estate Web site. “And it’s often cheaper for them to give these homes away rather than try to get market value for them.”
In Detroit for instance, Century 21 Villa owner Randy Eissa has a three-bedroom, one-bath bungalow of about 1,000 square feet listed at just $500.
Read full articleTags: bank repossessionsPropertyproperty managementRadical cheap
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