Archive for the ‘Internet Real Estate’ Category

Sheriff's Office Warns of Real Estate Scam

Published: Saturday, March 31, 2012 at 7:54 a.m. Last Modified: Saturday, March 31, 2012 at 7:54 a.m.

LAKELAND | The Polk County Sheriff's Office is warning about a new scam involving phony real estate listings on Craigslist.

Scammers, usually located overseas in remote areas, copy ads found elswhere on the Internet for properties that are for sale or rent by real estate agents. They repost them on Craigslist for well below market value under fake names.

Buyers or renters who fall for the hoax send a deposit to the scammer's bank account and wait for contracts or deeds to be delivered. The scammers keep the money and the victim is out of luck.

Local man Owen Castleman says his family was scammed.

It all started with his daughter needing a new place to live. He told her about a house he had seen in Lakeland, which she found online.

Same home happened to show up on Craigslist, Castleman said.

The Castlemans used a supplied email address to write to the supposed owners, who claimed to be missionaries in Africa. They wrote back and said they needed the Castlemans to wire money for the down payment of $500.

But after the money was sent, the scammers asked for more money and wouldn't turn over the key.

That's when the Castlemans grew suspicious. They located the real owners of the home and learned they'd been had.

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Sheriff's Office Warns of Real Estate Scam

DGAP-UK-Regulatory: Restructuring of Eurohypo and repositioning of the business area Commercial Real Estate

RE/MAX Agents Capture C.A.R. Awards for 2011 Success in Chicago Real Estate Sales

Chicago (PRWEB) March 30, 2012

Agents affiliated with the RE/MAX Northern Illinois real estate network captured prestigious honors at the Chicago Association of Realtors (C.A.R.) annual awards, which recognized achievements in Chicago real estate sales. In addition, RE/MAX agents increased the number of C.A.R awards they took home at the Platinum, Gold, Silver and Bronze levels by 60 percent compared to their 2010 total.

Linda ODonnell, broker/owner of RE/MAX Signature, 2411 N. Clybourn Ave., Chicago, and Robert Padron, broker/owner of RE/MAX Cityview, 6430 N. Central Ave., Chicago, are among just 13 agents honored with the Platinum Level Achiever Award for sales of 180 or more units. ODonnell also earned the Silver Level Achiever Award for sales of $17 to $22 million, while Padron captured the Bronze Level Achiever Award for sales between $12 and $16 million.

A Gold Level Achiever Award for sales between 100 and 179 units went to Angel Aguilar of RE/MAX Platinum, 1931 S. State St., and a Silver Level Achiever Award for sales of 60 to 99 units was earned by Michael Scola of RE/MAX Partners, 6420 W. Cermak Road, Berwyn, Ill.

Bronze Level Achiever Awards for sales of 40 to 59 units went to Maria Rodriguez of RE/MAX Partners, Jack Stempien of RE/MAX City, 6839 W. Belmont Ave., Chicago, Luis Campoverde of RE/MAX Signature, Rita Neri of RE/MAX Vision 212, 1500 W. Chicago Ave., Chicago, Marc Shudnow of RE/MAX 1st Class, 4023 Church St., Skokie, Ill., and Michell Wilmore of RE/MAX City, 7020 W. Higgins Road, Chicago. Hasani Steele, RE/MAX Premier Properties, 1205 N. Dearborn Pkwy., Chicago, received the Bronze Level Achiever Award Teams.

Bronze Level Achiever Awards for residential sales volume of $12 to $16 million went to Kristi Gunther and Marlene Granacki of RE/MAX Exclusive Properties, 2951 N. Lincoln Ave., Chicago, and to Rita Neri.

RE/MAX agents also captured three other top awards from C.A.R. Mike Kravitz of RE/MAX Premier Properties and John Kubacki of RE/MAX Signature were honored for their achievement in renting residential units. Olivia Marroquin of RE/MAX 10, 5601 S. Pulaski Road, Chicago, was honored as one of the 2011 Rookies of the Year.

C.A.R. also honored those agents who were the top producers in either unit sales or dollar volume in each of Chicagos 77 neighborhoods and six near-west suburbs. Winning in both the unit sales and dollar volume categories in a single neighborhood/suburb were Hasani Steele for Woodlawn, Julie Anderson of RE/MAX 10 for Clearing, Luis Campoverde for Belmont Cragin and three agents with RE/MAX Partners, Alicia Snyder-Poulos for Forest View, Allen Snyder for Stickney and Maria Rodriguez for Berwyn.

Rodriguez and Regina Zak Tomas of RE/MAX City were unit sales leaders for Lyons, while Linda ODonnell dominated units sold in Chicagos Avondale neighborhood.

Among local sales volume leaders, Connie Abels of RE/MAX Edge, 3843 N. Broadway, Chicago, was first for Rogers Park, Julie Anderson led Garfield Ridge and Alicja Grzych of RE/MAX City was the top producer for Englewood.

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RE/MAX Agents Capture C.A.R. Awards for 2011 Success in Chicago Real Estate Sales

UBS Launches ETN with High Monthly Income Potential and Leveraged Exposure to International Real Estate Securities

NEW YORK--(BUSINESS WIRE)--

UBS Investment Bank announced that today is the first day of trading on the NYSE Arca for the ETRACS Monthly Pay 2xLeveraged Dow Jones International Real Estate ETN (Ticker: Ticker::RWXL). RWXL is linked to the monthly compounded 2x leveraged performance of the Dow Jones Global ex-U.S. Select Real Estate Securities Index (the Index), reduced by investor fees.

RWXL offers investors:

* Constituent and country data as of February 29, 2012 and sourced from CME Group Index Services LLC.

This ETN is designed for investors who seek a high yield and are bullish on this Dow Jones international real estate index, said Christopher Yeagley, Managing Director and US Head of Equity Structured Products. RWXL offers high monthly income potential, international diversification and leveraged exposure to the index, all by way of a single, USD-denominated, exchange-traded security.

RWXL Profile

Income Potential

Variable monthly coupon linked to 2 times the cash distributions, if any, on the Index constituents, less any withholding taxes

2x Index Yield*

7.60%

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UBS Launches ETN with High Monthly Income Potential and Leveraged Exposure to International Real Estate Securities

Real Estate Developers and Property Owners Across the Country to Experience Firsthand How Verizon FiOS Enhances …

CHANTILLY, Va., March 22, 2012 /PRNewswire/ -- Real estate developers, multifamily property owners and housing industry experts will gather just outside the nation's capital to test drive the latest in Verizon FiOS technology and learn firsthand how FiOS enables customers to stay connected at or away from home. The Verizon Enhanced Communities Executive Summit, entitled "FiOS Forward, A World Without Borders," will feature presentations on emerging technologies, independent living options for seniors, and energy management and sustainable living solutions. Most importantly, the summit will show how Verizon's FiOS network is changing the game for developers and property managers. Since more than 21 percent of the D.C. metro market lives in a multidwelling unit such as a rental apartment or condo, Verizon is placing a heightened emphasis on competing for these consumers' Internet and TV business.

To view the summit agenda and other information related to the event, click here or go to http://communities.verizon.com/VMFES2012.

WHEN:

March 26-28

Registration begins at 9 a.m. Monday (March 26). Summit ends at 11:30 a.m. Wednesday (March 28).

WHERE:

Westfields Marriott Washington Dulles

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Real Estate Developers and Property Owners Across the Country to Experience Firsthand How Verizon FiOS Enhances ...