World Class foreclosure sales canceled after Paxton legal opinion



a man wearing glasses and looking at the camera: Nate Paul is the founder of World Class Holdings, which has grown quickly since its creation in 2007 but more recently has been entangled in legal battles. [CONTRIBUTED PHOTO]


© Provided by Austin American-Statesman
Nate Paul is the founder of World Class Holdings, which has grown quickly since its creation in 2007 but more recently has been entangled in legal battles. [CONTRIBUTED PHOTO]

Austin real estate investor Nate Paul faced foreclosure on properties in Austin, Plano and San Antonio this summer from lenders seeking to collect a combined $20.5 million in delinquent debt.

But foreclosure sales of the properties scheduled for Aug. 4 didn’t take place after a rushed written legal opinion — ordered by Texas Attorney General Ken Paxton under unusual circumstances and dated Aug. 1 — rendered such sales more difficult to hold.

The American-Statesman first reported Thursday on Paxton’s Aug. 1 opinion and a scheduled Aug. 4 foreclosure sale of a Paul-controlled real estate entity based in Austin that subsequently was called off.

Paxton’s opinion came at a time potentially more opportune for Paul and his

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Sales of single-family homes recorded in Sonoma County for the week of Sept. 30

One hundred and forty single-family homes sold in Sonoma County during the week of Sept. 30 ranging in price from $53,500 to $3.9 million.

Topping our list of real estate transactions for the week was 24121 Wine Country Court in Sonoma which sold for $3,900,000 on August 31 . This five bedroom, four bathroom, 4,736 square foot residence featured a gourmet kitchen with a Viking range and a Sub Zero double door refrigerator.

See what homes are selling for near you.

Annapolis

35337 Annapolis Road, $515,000

Bodega Bay

1210 Windy Lane, $680,000

1350 Bodega Ave., $740,000

2032 Sandpiper Court, $870,000

1148 Seaeagle Loop, $1,350,000

Camp Meeker

75 Woodland Ave., $380,000

5422 Lincoln Ave., $397,000

Cazadero

70 Sequoia Ridge Road, $853,000

Cloverdale

243 Red Mountain Drive, $548,000

172 Porterfield Creek Drive, $575,000

Cotati

1177 W. Railroad Ave., $750,000

105 Ward Drive, $765,000

Forestville

9449 Dell Road, $390,000

8004 Savio Lane, $428,000

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World Class foreclosure sales canceled after Paxton legal opinion – News – Austin American-Statesman

Austin real estate investor Nate Paul faced foreclosure on properties in Austin, Plano and San Antonio this summer from lenders seeking to collect a combined $20.5 million in delinquent debt.

But foreclosure sales of the properties scheduled for Aug. 4 didn’t take place after a rushed written legal opinion — ordered by Texas Attorney General Ken Paxton under unusual circumstances and dated Aug. 1 — rendered such sales more difficult to hold.

The American-Statesman first reported Thursday on Paxton’s Aug. 1 opinion and a scheduled Aug. 4 foreclosure sale of a Paul-controlled real estate entity based in Austin that subsequently was called off.

Paxton’s opinion came at a time potentially more opportune for Paul and his company, World Class Property Co., than previously known, however.

A second Paul-controlled real estate entity based in Austin was slated for an Aug. 4 foreclosure sale, according to court documents, as were an entity

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Sales of pot are legal as of Friday

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Customers lined up for the first day of legal recreational marijuana sales in Michigan. A handful of shops started selling on Sunday. (Dec. 2)

AP Domestic

If you want to smoke pot in Maine, you can now buy it legally. 

Sales of marijuana for recreational use began Friday in the state, one of 11 that have made it legal for adults, 21 and older, to possess small amounts for non-medical purposes. Washington D.C. has also legalized the recreational use of weed.

Like in Maine, where voters gave the green light to recreational pot use in November, 2016, the time span between marijuana becoming legal and actually going on sale can be long. Legislatures often spend the interim months ironing out the details – from establishing rules for sellers, to sometimes overcoming the objections of their governors.   

Here’s when the recreational use of weed became legal in various jurisdictions, and

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Pandemic boosts sales of luxury homes in resort communities

Wealthy Americans are snapping up multimillion-dollar homes in exclusive resort communities as the coronavirus pandemic continues to fuel a work-from-home lifestyle that no longer tethers workers to the office five days a week. 

Sales of expensive homes in places like Aspen, Colorado; the Hamptons; and Palm Beach, Florida have been booming since May, when it became clear the pandemic would upend Americans’ lifestyles indefinitely, according to real estate agents and appraisers across the country. 

“We are seeing greater sales gains in more expensive properties in areas people consider to be retirement destinations and resorts,” said Lawrence Yun, chief economist for the National Association of Realtors (NAR), a trade association representing real estate professionals. “I think this new economy and working from home can also mean working from a vacation home — that is, a larger size home with more elbow room that is in more of a vacation destination.”

For

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Toronto home prices hit new record as sales soar 42.3% in September

Demand for detached properties helped fuel another month of double-digit sales growth and record-breaking prices in Canada’s largest housing market in September.

The total number of homes sold across the Greater Toronto Area surged 42.3 per cent year-over-year to a new record for September as 11,083 properties traded hands last month, according to data released Tuesday by the Toronto Regional Real Estate Board (TRREB).

Detached homes accounted for more than half of the activity as 5,559 sales were recorded in the month, representing a 55 per cent increase from last year. Meanwhile, condo activity lagged as sales rose 14.6 per cent year-over-year.

The average selling price for all homes rose 14 per cent year-over-year to $960,772 — marking a fourth consecutive month of record average prices in the GTA after the previous all-time high of $951,404 was registered in August.

“Improving economic conditions and extremely low borrowing costs sustained record-level

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How Short Sales and Foreclosures Affect Your Taxes

Whenever you sell a home, you need to calculate your capital gains to determine whether you owe any tax. If you engage in a short sale or your mortgage lender forecloses on your home, the Internal Revenue Service treats it just like a sale. Foreclosures and short sales may also require you to recognize ordinary income if the lender cancels any of your outstanding mortgage balance and you’re ineligible for an exclusion.

Short Sales and Foreclosures

Both short sales and foreclosures are usually the result of a borrower’s inability to continue making mortgage payments.

A short sale is where your mortgage lender allows you to sell the home for less than your outstanding loan balance and cancels your obligation to repay the remainder of the loan.

With a foreclosure, the mortgage lender will take possession of the home if it doesn’t receive scheduled mortgage payments over an extended period

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GTA home sales and prices see double digit September gains

Toronto home prices and sales continued to hit records in September as pent-up demand and historic low borrowing costs pushed prices up 14 per cent to $960,772 across all housing types, including condos.

The number of transactions also soared 42.3 per cent year over year, said the Toronto Regional Real Estate Board (TRREB) on Tuesday.

It reported the biggest gains in the 905 areas surrounding the city, with single-family homes leading the growth.

Detached houses were the region’s hottest selling properties, going for 12.9 per cent more compared to last September at an average of nearly $1.2 million.

The 905 communities saw a 63.6 per cent increase in the number of detached home sales and a 16.9 per cent gain in the average selling price to over $1.1 million. Detached houses in the city of Toronto sold for about $1.5 million on average — 9.4 per cent more year over

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Home sales in Dutchess boom as prices jump in northern parts of county

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Nearly seven months after restrictions tied to the COVID-19 pandemic changed life for millions, Dutchess County residents looking to sell their homes are continuing to benefit from an influx of buyers looking for a suburban environment.

Though while southern areas like Beacon are most often associated with city-dwellers seeking to relocate, the market is booming most in northern Dutchess and other deep suburban areas.

While single-family home sales in southwest Dutchess dipped in the third quarter as compared to 2019 amid low inventory, and the average home sale price was mostly flat, both numbers exploded in the northern sections of the county, according to third-quarter reports from brokerage firm Houlihan Lawrence and the Hudson Gateway Association of Realtors.

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In all, home sales in

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Find all Cuyahoga County home sales, other property transfer details for September

CLEVELAND, Ohio – The cleveland.com database of recent Cuyahoga County home sales and other property transfers has been updated with September 2020 transactions.



a sign in front of a house: Cuyahoga County home sales details for September now included in searchable database.


© Peggy Turbett/Peggy Turbett/The Plain Dealer/cleveland.com/TNS
Cuyahoga County home sales details for September now included in searchable database.

Search the database at this link to find home sales in your neighborhood and across the county for last month and for each year going back to 2007. You will be able to search by town, street, seller’s name, buyer’s name and more ways.

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Also, see related real estate data and trends:

* Cuyahoga County data by city, village, township: annual median home sales prices, 2007-2019.

* Cleveland neighborhoods: annual median home sales prices, 2007-2019.

* Real estate property tax rates for each place in Cuyahoga, Geauga, Lake, Lorain, Medina, Portage and Summit county.

* Median appraised home values in Cuyahoga County; plus tax bills on the

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