Year: 2011

Foreign Buyers!

From Forbes.com: Former Citigroup chairman Sandy Weill listed his 6,744-square-foot apartment at 15 Central Park West for an astonishing $88 million in November, promising to donate the proceeds of the sale to charity. Now comes news that Ekaterina Rybolovleva, the...

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Year of the Strategic Default?

Will short-sellers and strategic defaulters race to the exits before the debt-relief tax exclusion expires on 1/1/13? They would be crazy to assume that the benefit will extend, though it may. Here is the last third of  this article from the New Yorker comparing AA's...

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Slab City

On our way to Mad Max - from the latimes.com: Penny Puckett came to Slab City and fell in love. After four years of "bumming around and hopping freight trains," the 25-year-old from Kansas City arrived at this hardscrabble section of the Imperial Valley desert and...

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Another Local Loan-Mod Scam

From the Carlsbad Patch: Four men pleaded guilty in federal court in San Diego to stealing more than $11 million in a loan modification scam that preyed on desperate homeowners trying to save their homes from foreclosure. Gary Michael Bobel, 59 of Carlsbad, Scott...

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Rent-A-Bank-Account

It must have been a slow week for real estate news - from the latimes.com: Could today's seductive conditions in the housing market — severely marked-down prices, record low interest rates and hundreds of thousands of foreclosures waiting to be resold — be breeding...

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