From cnbc.com: You may expect wealthy celebrities to have their own screening rooms, horse farms or vineyards. The world's best-known skateboarder has his own skatepark. "When I bought the house, I did not have that intention," says extreme sports icon Tony Hawk of...
The Plan 3 model across the street is included here, plus an example of why some listings are sitting:
The big four banks have $234.1 billion in foreclosure or delinquent. From HW: JPMorgan Chase, Wells Fargo Bank and Bank of America each reported more than $20 billion in single-family mortgages currently foreclosed or in the process of foreclosure as of midyear,...
Hopefully there will be more acceptance of using the auction format to sell houses. All that is needed are sellers who will accept whatever price the market will bear. Will the sellers trust that an auction would produce the same results (or better) than a...
From Bloomberg: In 2002, an accountant in Boca Raton, Florida, named Joseph Lents was accused of securities-law violations by the U.S. Securities and Exchange Commission. Lents, who was chief executive officer of a now-defunct voice- recognition software company, had...
From the 10 Great Places to Retire in the US: Carlsbad, Calif. Price: $639,900 for 3br/2.5ba 2,352sf townhouse Area median price: $672,500 For $639,900, you could get this three-bedroom, 2.5 baths 2,352-square-foot townhome, with granite counters, a security system,...
Wells Fargo has been long-rumored to be suffering from their portfolio of second mortgages/home equity loans. This from TheStreet: NEW YORK -- The biggest cost ahead for large mortgage servicers may not be "robosigning" settlements or buying back bad debt - it's the...
From factcheck.org Q: Does the new health care law impose a 3.8 percent tax on profits from selling your home? A: No, with very few exceptions. The truth is that only a tiny percentage of home sellers will pay the tax. Only those with incomes over $200,000 a year...
The MERS debacle will go on for years, and be full of legal wranglings along the way. The biggest issue? The notes and trust deed have been physically separated by MERS, and according to the U.S. Supreme Court ruling in 1872, a mortgage has no separate existence...
All we need is more soundbites like this, and we'll be off to the races. Potential buyers who are gainfully employed and have ample resources will gravitate to these articles, especially when they're quoting the guy with the most negative foreclosure stats. From...
