Posts Tagged ‘residential’

RE/MAX: Winter storms chill U.S. home sales

DENVER — As the result of unusually strong winter storms, January home sales fell lower while prices continued a trend of double-digit increases, according to the RE/MAX National Housing Report. Winter storms that impacted many regions of the country caused numerous delays or cancellations of closings, bringing home sales 7.1 percent lower than one year […] [...]

House bill would require more information from insurers

JACKSON — Lawmakers could require insurers to disclose how much they collect in premiums and how much they pay in claims in each ZIP code. House Bill 753 could spark more debate over how much coastal homeowners are charged to cover against hurricanes, as well as make it clearer what areas private wind insurers are […] [...]

Selectmen vote down proposed rental property ordinance

MCCOMB — The McComb Board of Selectmen has defeated a proposal to require rental property owners to obtain a privilege license and have their properties inspected annually. The Enterprise-Journal reports the board voted 4-2 against the proposed ordinance. Urban planner Laurence Leyens had told board members this past week that people make a living from […] [...]

Former contractor’s federal bank fraud trial rescheduled

SOUTHAVEN — Former Southaven city contractor James Malcolm Harris Jr., who has business ties to Mayor Greg Davis and was recently indicted on bank fraud charges, has had his federal trial reset for Sept. 9. Harris’ attorney, David Hill, asked the court to delay a March 4 trial, saying they needed more time to prepare […] [...]

FNC report: Housing market should continue to improve

OXFORD — Though home foreclosures continue to be a challenge in many hard-hit markets, a report released by mortgage technology company FNC indicates the ongoing housing recovery should continue for the long haul. According to FNC’s Foreclosure Market Report, foreclosure prices have bottomed out in recent months and the foreclosure market has stabilized while underlying […] [...]

Appeals panel upholds mortgage fraud convictions

RIDGELAND — A federal appeals panel has upheld the conviction of three people in a Mississippi mortgage fraud scheme that involved more than $10 million in fraudulent loans. Former Ridgeland mortgage broker Mark Calhoun and father-and-son associates J. Larry Kennedy and Keith Kennedy, who operated a mortgage loan closing business, had appealed their 2010 convictions. […] [...]

Developer’s guilty plea prompts commission probe

SOUTHAVEN — The Mississippi Real Estate Commission plans to open an investigation into the dealings of DeSoto County developer Chuck Roberts after Roberts pleaded guilty last week to a federal bank fraud charge involving a Southaven subdivision. Roberts, 46, pleaded guilty to bank fraud last Thursday in federal court in Oxford. Roberts was accused of submitting […] [...]

Real estate developer pleads guilty to bank fraud

OXFORD — DeSoto County developer Chuck Roberts has pleaded guilty in federal court to bank fraud charges. The Commercial Appeal reports Roberts entered his plea at a hearing in Oxford yesterday. He pleaded guilty to one count charging him with submitting fake documents and making false statements to an area bank to get money from […] [...]

Contents of historic mansion going on block

PORT GIBSON — The contents of an Old South mansion in Port Gibson are going up for sale. An estate tag sale is set for Feb. 1-3 at the historic Oak Square home. The Clarion-Ledger reports Oak Square was once the town home of a cotton planter. It was later divided into apartments. More recently […] [...]

FNC index shows continuing rise in U.S. home prices

OXFORD — The latest FNC Residential Price Index (RPI) shows that the recovery of U.S. property values has continued through November — the ninth consecutive month of price gains driven largely by rising homes sales and moderate economic growth. An imbalance between rising demand and limited supply continues to be an important factor for sustained […] [...]

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