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real estate News Archive 10-Apr-2009

German govt launches takeover of Hypo Real Estate (AFP via Yahoo! News)The German government launched a takeover of the troubled Hypo Real Estate bank, aiming to stabilise financial markets amid the worst global slump since the Great Depression.

Germany launches Hypo Real Estate takeover bid (AP via Yahoo! News)The German government on Thursday launched its effort to nationalize battered lender Hypo Real Estate Holding AG, announcing a voluntary takeover offer worth some euro290 million.

Real estate update: As local prices rise, experts see market?s bottom (KGET 17 Bakersfield)Kern County real estate prices slowly are coming out of their steep decline, and that means more people are getting back into the market to buy. But low prices also...

REAL ESTATE (St. Petersburg Times)Residential real estate In this section you can find different offers on residential real estate from the leading real estate agencies: Apartments for all tastes: standard to luxurious, short or long terms.

New Jersey Man Admits $80 Million Real Estate Ponzi Scheme (Bloomberg)April 9 (Bloomberg) -- The founder of NJ Affordable Homes Corp., a purported New Jersey real estate investment business, pleaded guilty to defrauding mortgage lenders and hundreds of investors of more than $80 million through a Ponzi scheme.

REAL ESTATE CATALOGUE (St. Petersburg Times)In the nearest issue you will find the latest data on commercial, residential and trade premises in St. Petersburg. Fresh information about state of real estate market, tips from the leading consulting companies and much more!

Real estate: Market slowdown offers deals for real estate investors (Daily Press)Real estate investor Gary Bodie bought a Hampton town-house at a foreclosure auction for $90,000.

Germany bids to nationalise struggling Hypo Real Estate (Independent)Germany's government wants to buy Hypo Real Estate, the crisis-stricken lender, in what would be the country's first bank nationalisation since the 1930s. Soffin, the vehicle set up by the government to rescue banks, yesterday tabled a bid for Hypo, offering ?1.39 a share for the bank, a 16 per cent premium to its value at the close of trading on Wednesday.

German govt launches takeover of Hypo Real Estate (AFP via Yahoo! News)The German government launched Thursday a takeover of the troubled Hypo Real Estate bank, with a public offer of 1.39 euros per share, a statement to the stock market said.

2 Re/Max real estate firms agree to merge (The Charlotte Observer)Two Charlotte Re/Max firms are merging into a single real estate agency that will have nearly 190 agents in four Charlotte-area offices.

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