Johnny Depp is a Good guy!
When it comes to breakups and sharing the treasure, Johnny Depp is no pirate. According to the New York Daily News, the 49-year-old Depp has made real good on his good-guy image by purchasing a Hollywood Hills home for his former partner, Vanessa Paradis. The “Pirates...
Ever Wonder Where Romney and Obama Vacation?
Life on the presidential campaign trail, in a word, is stressful. After weeks of kissing babies’ heads, shaking hands and staying one step ahead of the opponent, it’s no wonder that both candidates have some favored vacation spots. As Mitt Romney and President Barack...
Matthew Perry Selling Contemporary in Los Angeles…Stunning!
Quite possibly, the most elegant contemporary home in Los Angeles. Matthew Perry is no stranger to the ins and outs of the real estate market. Just last year, the former “Friends” star bought a new Sunset Strip home, and in the meantime listed two properties: a condo...
Matthew Perry Selling Contemporary Home in Los Angeles…Stunning!
Quite possibly, the most elegant contemporary home in Los Angeles. Matthew Perry is no stranger to the ins and outs of the real estate market. Just last year, the former “Friends” star bought a new Sunset Strip home, and in the meantime listed two properties: a condo...
Home Sales Tumble In May..Tax Credit Gone So Are Buyers
Sales of previously owned homes fell unexpectedly in May as delays in processing mortgage applications hampered the closing of contracts benefiting from a popular homebuyer tax credit, an industry group said on Tuesday. The National Association of Realtors said sales...
Double Dip In Housing Will Cause Slow Economic Recovery
The US economy faces a perilous second half as a new set of problems hits real estate and thwarts any chance for a strong recovery, banking analyst Meredith Whitney told CNBC. cnbc.com Meredith Whitney While stopping short of predicting a full-blown double dip in the...
Sergei Fedorov Selling His Detroit Mansions on Short Sale
Sergei Fedorov, better known for scoring hat tricks than missing mortgage payments, is facing foreclosure on two of his Michigan mansions. The ex-Red Wings star owes more than $2 million on two Bloomfield Hills properties, according to Detroit News. The PrivateBank...
As Loan Mods Fail Banks Accept More Short Sales To Avoid Foreclosures
HAMP Program Falling Flat..155,000 Borrowers Left Program Last Month!
WASHINGTON — The Obama administration's flagship effort to help people in danger of losing their homes is falling flat. More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out. That exceeds...
End of Your Emotional Rope! Strategic Short Sale
This is a video from CNN that is beating up this guy about his decision to do a Strategic Short Sale. However, this homeowner "investor" is right! Morally wrong? Is it morally wrong for banks to default on their properties? or is it a business decision? The last 4...
Some Fun Facts…We All Need A Break From Short Sales!
Interesting and Fun Facts: In the 1400's a law was set forth in England that a man was allowed to beat his wife with a stick no thicker than his thumb. Hence we have 'the rule of thumb' Many years ago in Scotland , a new game was invented. It was ruled 'Gentlemen...
Mortgage Mediation….Coming to California….But Still No Principal Reductions Expected
Short Sales…Short Sales…More Short Sales, Banks Prefer Short Sales To Foreclosure
Congress Considering Extending Home Buyer Tax Credit Closing Deadline
What if the home-buyer tax credit worked too well? That’s the latest concern from the real-estate industry, which says that a last-minute home-buying rush in April created bottlenecks at lenders and real-estate service companies that may not be able to finalize...