Posts Tagged ‘residential real estate’

Judge rules in defective Chinese drywall lawsuit

NEW ORLEANS — A federal judge has approved five class-action settlements that call for a Chinese drywall manufacturer and others to pay hundreds of millions of dollars to repair homes damaged by the product, attorneys for thousands of Gulf Coast property owners said. U.S. District Judge Eldon Fallon in New Orleans held a hearing in [...] [...]

Man gets 12 years in prison for Katrina-related construction fraud

WIGGINS — A former Wiggins businessman has been sentenced to serve 12 years in prison for defrauding south Mississippi homeowners who had hired him to fix their properties after Hurricane Katrina struck in 2005. Harrison County Circuit Judge John Gargiulo sentenced 53-year-old Charles Lynn Reeder earlier this week to a total of 15 years in [...] [...]

Neighborhoods still being tested for pollutants from plant

HATTIESBURG — Officials have been conducting testing at and near the former Hercules plant to determine whether contaminants have spread into surrounding neighborhoods. Testing is being conducted by officials with the state Department of Environmental Quality, the Environmental Protection Agency and Ashland Inc., Hercules’ parent company at wells within a half-mile radius of the former [...] [...]

AG reminding consumers of settlement deadline

JACKSON — Attorney General Jim Hood is reminding Mississippians that all claims applications covered by the National Mortgage Settlement are due Jan. 18. The State of Mississippi joined 49 other states in a $25-billion joint state-federal mortgage servicing settlement with the nation’s five largest mortgage servicers over unacceptable mortgage servicing practices. Mississippi was awarded $47.1 [...] [...]

FNC: U.S. home prices up year-over-year for first time since bust

by MBJ Staff Published: September 20,2012

Tags: economy, home, home price, homeownership, house, index, real estate, report, residence, residential, residential real estate

OXFORD — FNC’s latest Residential Price Index (RPI) indicates U.S. residential property values continue to climb, capturing a fifth consecutive monthly gain as the result of rising demand. More notably the index shows that for the first time since the housing market collapsed in 2007, home prices are beginning to recover on a year-over-year basis, [...] [...]

Judge’s ruling means fight to continue over marina site

BAY ST. LOUIS — The Murphy family’s legal battle over the future the marina site in Bay St. Louis will continue now that Secretary of State Delbert Hosemann’s motion to dismiss has been denied. Hancock County Circuit Judge Lisa P. Dodson ruled the secretary of state did not properly support the motion to dismiss the [...] [...]

D.R. Horton buys Breland Homes for undisclosed sum

by MBJ Staff Published: August 15,2012

Tags: acquisition, expansion, home, house, land, merger, property, real estate, residence, residential real estate

MISSISSIPPI GULF COAST — Fort Worth, Texas-based D.R. Horton Inc., America’s Builder, has acquired the homebuilding operations of Breland Homes, which operates in Huntsville, Mobile and Baldwin County in Alabama and along the Mississippi Gulf Coast. Terms were not disclosed. The homebuilding operating assets included approximately 320 homes in inventory and 1,020 finished lots. D.R. [...] [...]

Firm ‘completely surprised’ by supervisors’ vote on Old Capital Green

JACKSON — Full Spectrum, the master developer of the proposed mixed-use project in downtown Jackson called Old Capital Green, reports the firm was surprised by a recent Hinds County Board of Supervisors vote that puts the project in doubt. The Hinds County Board of Supervisors voted July 16 to not support the development of the [...] [...]

Coast property could be eligible for federal flood-buyout program

JACKSON COUNTY — Eighty-six properties in Jackson County could be eligible for the federal government’s home elevation or buyout program. The Mississippi Press reports supervisors were told this week that notices would be sent out to eligible property owners to determine if they are interested. In February, the county hired Thompson Consulting Services to submit [...] [...]

Supervisors vote down Old Capitol Green; project in doubt

JACKSON — Plans for a $1 billion revitalization project for downtown Jackson have been thrown into doubt because of a decision by Hinds county officials to back out. The proposed Old Capitol Green project included office, residential and retail space and a 450-space parking garage. The Clarion-Ledger reports county supervisors voted 3-1 to bow out [...] [...]

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