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Author Archives: Scott Baughman

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System failure (access required)

MERS was supposed to make it faster and simpler to buy and sell mortgages. But in a world where foreclosures have become commonplace in headlines, MERS has made life more complicated for banks and lenders as they try and prove who owns what.

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On the level: There was a time when Christopher Herman didn’t want to be involved in multifamily housing. So much for those plans. (access required)

When Christopher Herman got his architecture degree, he had aspirations to be the Frank Gehry of the Southeast. What he didn’t want to do was design, or be in charge of producing multifamily housing. But after a stint working for Cox Schepp Construction, the Queen City native is doing just that and says he's never been busier.

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Interior motives  (access required)

Interior motives  <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

In October of 2010, Marcyne Touchton’s phone stopped ringing. “I didn’t know what was going on,” said Touchton, founder of Charlotte-based home-staging company Domaine Staging. What was going on was the Great Recession; Domaine was feeling the effects of the plummeting real estate market.

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Unsettled: Who’s upset by the $25B 
foreclosure deal and why (access required)

When the nation’s largest banks, including Bank of America and Wells Fargo, reached a $25 billion settlement with state attorneys general from 49 states this month, some saw it as a way to address the foreclosure crisis. But some say the most remarkable thing about the settlement might be the parts of the foreclosure crisis it ignored.

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