Archive for November, 2007
Linda Stein, Realtor to the Stars, Killed By Assistant Natavia Lowery
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!In what has to be one of the more sordid stories in the real estate world, the assistant to Linda Stein has confessed to the bludgeoning murder of her abusive boss. According to the confession of Natavia Lowery, Linda [...]
11Nov2007 | Tom Royce | 3 comments | Continued
Why New Bankruptcy Laws Are Creating More Foreclosures
Back in 2005 when the new bankruptcy laws were passed by Congress many worried that the laws would have consequences no one imagined. And surprise to surprise, the new bankruptcy law is contributing to the rise in foreclosures across the country.
Everyone thinks of bankruptcy as a tool to get out of debt, but the real reason [...]
Sub-Prime Reform In Congress, Mistakes Upon Mistakes
I am excerpting out a paragraph of Desmond Lachman’s article on the mortgage industry legislation that is before Congress right now from a non real estate person. Please read the article as it explains why this is bad legislation from an economical point of view, not just from a mortgage brokers perspective.
Barney Frank’s recently introduced mortgage [...]
9Nov2007 | Tom Royce | 0 comments | Continued
Sluggish Economy Due To Housing Slowdown According To Bernanke
Bernanke was at Congress today and he told them what we already knew. The sluggish housing market is acting as a braking mechanism on the economy as a whole and will do so until the worst of the credit crunch is over. The rest of the economy is still going strong, but the effects of [...]
8Nov2007 | Tom Royce | 0 comments | Continued
150 Million Dollar Condo Deal at New York Cities “The Mark”
New York real estate developer, no not Donald Trump, Leonard Blavanik has reportedly gone to contract on a triplex condo in the Upper East Side condo “The Mark” in New York City. The deal would be the highest price real estate transaction in the country for the year.
The triplex is reported to be 30,000 square [...]
A-Rod Buying Shaq’s Star Island Mansion? (Or Alex Rodriguez Buying Shaquille O’Neal’s Home)
When 2 professional sports stars that are known by 1 word nicknames world wide get involved in a real estate transaction you know that big dollars are involved. A-Rod, or Alex Rodriguez and baseballs highest paid player, is buying the Star Island mansion outside of Miami from Shaq, Shaquille O’Neal and the NBA’s most famous player.
The [...]
Is the Rumor That Google Plans to Dominate Real Estate by Taking Over Zillow?
The big keep getting bigger, it looks like Google is announcing the take over of Zillow using YouTube…
via Rentvine
Tags: Google+Real+Estate, Zillow+Real+Estate
IndyMac Hurt by Piggyback and Builder Loans
IndyMac is taking a pounding with it’s stock down 70 percent on the year and the prospects not looking much better. The irony is that one of their greatest pains is now piggyback loans.
You know, the piggyback loans that are were designed to save homeowners from having to pay mortgage insurance to protest lenders [...]
House Finance Services Committee Passes Mortgage “Reform” Bill
The fox is officially entering the hen house.
Do to the lack of standards in the mortgage industry by brokers, lenders, and Wall Street, the door was opened to allow the federal government to start the debilitating regulation process on the mortgage industry. The House Financial Services Committee has approved a bill that if passed [...]
I saw this earlier today and thought the exact same thing, Tom. The politicians have been pushing homeownership for ...
I just found your blog and it's filled with great information. One of my goals this year is to update ...
Thanks for the kind words. I promise you the first year we did not have this level of readership. It ...
The limit on jumbo's is either 417,000 OR it is 115% of the median house price, not to exceed 150% ...
I like your blog and I have read many of your articles. I agree that it is amazing the ...
Yes, there are some deals out there. While there are some deals out there, I'm an agent looking for ...
With mortgage rates poised to drop to 4.5 percent all we need now is some tax incentives to help home ...
I think the overall interest in refinancing was definately high recently. However the problem is that although the rates dropped, ...
I have had great success using craigslist. Renters need to be careful and make sure they check out their landlord ...
This is the start of where the market can begin to level out.
Home owners will start to be able to ...
