Spectrus Real Estate Group, a company specializing in the sale of tenants-in-common ownership in commercial, retail, and industrial properties and undeveloped land, has been formed in Boise, Idaho.Spectrus said it was recently launched by "the leaders behind FOR 1031," which it termed the company that pioneered the TIC industry. FOR 1031 has become a part of Spectrus, which will continue to offer the former's signature triple-net-lease product, FOR 1031 NNN Plus, along with an expanded group of real estate investment products. Spectrus said the product line includes Replacement Properties for 1031 Exchanges (tax-deferred real estate exchanges under Sec. 1031 of the Internal Revenue Code), Spectrus Undeveloped Land, Spectrus Projected Income Properties, and Spectrus Ground Lease. Spectrus can be found online at http://www.spectrusgroup.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25