Read the most recent news about residential and commercial actual estate in the Seattle area and Pacific Northwest. Real estate is property comprised of land and the buildings on it in addition to the pure resources of the land together with uncultivated flora and fauna, farmed crops and livestock, water and minerals. Though media usually refers back to the “actual property market” from the perspective of residential living, real property can be grouped into three broad classes primarily based on its use: residential, industrial and industrial. On March 15th of this yr I seen a bank owned listing on the Key West Golf Membership neighborhood that seemed interesting. I contacted the listing agent to ask permission to write down about it in my blog. Quickly thereafter I drove to the property to take photographs. I often lock the entrance door in order that no person disturbs me, however this time I left it unlocked. I went about my enterprise taking photos and making a mental picture as to options that stood out.
I used to be working for a extremely large financial institution that had loaned some huge cash to a west Kansas farmer who I’ll call King. King owned or leased several sections (sq. miles) of land plus the family homestead. My financial institution’s Ag lender gave King an enormous unsecured loan. Lenders back then had been paid commissions based mostly on their loan manufacturing. The loan had to go through committee, so the Ag guy was not the lone screw-up involved. As soon as we (my department) got concerned, we flew to Kansas and obtained mortgages on the owned land and obtained safety pursuits on all of the owned farm equipment but not his airplane. We later attended creditor meetings in Omaha and nonetheless later Backyard City, Kansas.… Read More