Demand Propels Home Prices Upward 2 days ago Mortgage Debt Negative Equity RealtyTrac 2011-04-05 Carrie Bay RealtyTrac Adds Property Equity Feature to Foreclosure Listings Is Rise in Forbearance Volume Cause for Concern? 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe April 5, 2011 577 Views Share Save Home / Featured / RealtyTrac Adds Property Equity Feature to Foreclosure Listings Print This Post in Featured, Foreclosure, Technology Demand Propels Home Prices Upward 2 days ago Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Carrie Bay Governmental Measures Target Expanded Access to Affordable Housing 2 days ago “”RealtyTrac””:http://www.realtytrac.com on Tuesday unveiled “”new site features””:http://www.realtytrac.com/content/videos/navigating-net-equity-and-loan-position-6466 of its online foreclosure marketplace that allow users to see the amount of equity – or negative equity – in a property based on its estimated market value and total outstanding loans, along with a list showing the position of those loans.[IMAGE]The California-based company explained that estimated equity will be available for properties in the foreclosure process, including properties in default and scheduled foreclosure auctions. RealtyTrac says this information will be displayed prominently on each property details page as a dollar[COLUMN_BREAK]amount and as a loan-to-value (LTV) ratio, which represents the total amount of outstanding loans as a percentage of the property’s estimated market value.The equity and LTV will also be listed on search results, and users will be able to sort the search results by amount of equity or create search filters that only return properties within certain equity or LTV ranges.””These new features bring key information to the forefront, helping buyers and investors more quickly decide which distressed properties represent good purchase opportunities for them and which do not,”” said James J. Saccacio, RealtyTrac’s CEO. Saccacio says the new site features will also help real estate agents and brokers pinpoint potential listing opportunities – both short sales and equity sales – and spot second- or third-position loans that could trip up a short sale.””In addition, the position of outstanding loans will make it easier for auction buyers to avoid costly surprises when purchasing at the trustee’s sale or sheriff’s sale,”” Saccacio said. “”In short, these new features represent a giant step forward in terms of convenience and usability for our customers, paving the way for them to find the best foreclosure deals.”” Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Senators Propose Homeowner Advocacy Office for HAMP Grievances Next: Lawmakers Clash over Means of Implementing GSE Reform Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Mortgage Debt Negative Equity RealtyTrac The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago
Harvard University Provost Alan Garber today announced the appointment of a nationally recognized leader in interdisciplinary science, research, and entrepreneurship to serve as the University’s vice provost for research.Prominent chemist Richard McCullough, currently vice president for research at Carnegie Mellon University in Pittsburgh, will assume his new post on Oct. 15. His portfolio will include interdisciplinary research, research administration and policy, and research funding.“Richard McCullough will be in a special position at a unique moment to cultivate high-impact academic research in the 21st century, as he stimulates, coordinates, and supports research on campus,” Garber said. “He will work with the deans and faculty, the executive vice president, and me to remove barriers to collaboration wherever they are found — whether in University policies or financial and administrative systems. He will be responsible for developing structures to support new cross-School research initiatives as they are brought forward by the Schools, and to promote research throughout the University.”During 22 years at Carnegie Mellon, McCullough also served as dean of the Mellon College of Science and as head of the department of chemistry.“I am deeply honored to have been selected to help lead Harvard’s renowned research enterprise,” McCullough said. “I see my role as that of an advocate for, and facilitator of, Harvard’s increasing focus on interdisciplinary, cross-School exploration and development, and I am committed to addressing the need to find new sources of funding in an era of constricting federal support for research.”The selection of McCullough follows a national search by a committee including Harvard deans, faculty members, and administrators. Garber said, “Members of the search advisory committee and top leaders in the University administration were impressed with McCullough’s skills, accomplishments, energy, and vision for the future.”McCullough succeeds David Korn, a nationally respected expert and leader on issues related to faculty financial conflict of interest, who initiated the development of Harvard’s first University-wide financial conflict-of-interest policy, which provided guiding principles upon which each School has based its policy.Besides his academic career at Carnegie Mellon, where he rose from assistant professor to become the university’s Thomas Lord Professor of Chemistry and vice president for research, McCullough is the founder of two companies: Plextronics Inc., an 80-employee firm founded on a technology he developed, and Liquid X Printed Metals.McCullough, whose research has principally been focused on developing printable electronic materials, other materials called regioregular polythiophenes, and nanoelectronic materials, earned a doctorate in organic chemistry at Johns Hopkins University. He joined Carnegie Mellon following a postdoctoral fellowship at Columbia University.