Month: June 2010

Grand Theft: House

SM keeps them coming, the third installment from Seattle: The woman who was hauled away for squatting in a $3.3 million house? She has no intention of backing down.  She's going to keep staking her claim to a house she insists nobody actually owns. Plus she is staking...

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Attention Realtors

One more note on the nomination - Inman News is the sponsor, which publishes an e-newsletter sent twice a day to agents around the country.  Their mission is to help agents, and while I'm a daily reader, I don't cover realtor-centric topics here.  I figure that they...

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Laker Fury

Kris Berg mentioned that we got nominated today, while trying to take some time off to enjoy the Laker glory after last night's Game 7 victory. If there are any newcomers to bubbleinfo.com, know that we are normally a serious review of pertinent real estate topics -...

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Loan-Mod Failure Rate

Hat tip to MB, from the WSJ: Fitch Ratings forecasts that most borrowers who get lower mortgage payments under a federal government program will default within 12 months. Among those with loans that aren't backed by any federal agency, the redefault rate within a year...

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$2B Fraud

From NMN: The government announced a massive indictment Wednesday against the former head of Taylor, Bean & Whitaker, alleging a widespread fraud of nearly $2 billion that, officials said, helped trigger the biggest bank failure of 2009. In a 16-count indictment,...

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Laugh a Minute

For those who enjoy the comedy of short sales, here's a good one. I've had a Tierrasanta condo listed since October, 2009.  The sellers paid $447,000 in March, 2007, and financed 100% (I wasn't their agent then). They've since broke up, and the hefty payment is too...

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Sick of Scams

The agent first inputted this listing onto the MLS on October 29th, noting that the list date was 6/30/09 - why do you wait four months to get it on the MLS? It was immediately marked pending, then withdrawn all within a few minutes.  A couple of weeks ago she changes...

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