[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:Downtown_Hartford_from_above,_2009-12-10.jpg”] One in every 681 homes received a foreclosure filing in August, according to RealtyTrac’s latest foreclosure report.And as states with a judicial process push through foreclosures more homes are expected to hit the market.
[credit provider=”Flickr / kansas_city_royalty” url=”http://www.flickr.com/photos/kansas_city_royalty/215661782/in/photostream/”] Over the last few years, the terms “foreclosure” and “short sales” have been ever-present when referring to the real estate market.With lenders engaging in robo-signing – among other notorious activities – the real estate market crashed.
[credit provider=”Casey Serin/Flickr” url=”http://www.flickr.com/photos/sercasey/248457195/sizes/m/in/photostream/”] The current real estate market provides some very unique investment opportunities, both for investors looking to make a profit and potential homebuyers seeking a place to call home.With low mortgage rates and low home prices, many people have been tempted to purchase real estate but have […]
[credit provider=”bdthomas via Flickr” url=”http://www.flickr.com/photos/[email protected]
/4487169475/sizes/l/in/photostream/”] Amid signs of a housing recovery, some Americans are considering stepping into the housing market. And foreclosed homes often go at a significant discount to average sales prices.RealtyTrac has identified the 10 best metropolitan areas to buy or invest in a foreclosed home in the […]
[credit provider=”Casey Serin/Flickr” url=”http://www.flickr.com/photos/sercasey/248457195/sizes/m/in/photostream/”] It’s hardly page-turning literature, but there are many reasons why you should read these documents before making any property purchase: Title abstract Title insurance policy and schedule of exclusions Plat or a survey while you walk the property boundaries Homeowners’ association documents (bylaws, board of directors […]
[credit provider=”WFTV”] A mistaken bid on an online foreclosure auction site could cost not one but two families their homes. One Florida couple thought they scored a deal on a $16,000 home they picked up off the county clerk’s auction site, WFTV reports.
[credit provider=”Flickr / IronRodArt – Royce Bair (NightScapes on Thursdays)” url=”http://www.flickr.com/photos/ironrodart/4290027967/in/photostream/”] Beach houses can be a nice getaway for anybody inclined to sand beneath their toes. But in most cases, you need to have a lot of money saved up before you can even consider purchasing property on the beach.Not […]
[credit provider=”folkehjelp on Flickr” url=”http://www.flickr.com/photos/folkehjelp/5738743697/in/photostream/”] Investors everywhere are bubbling about the money to be made buying foreclosed houses and flipping them or renting them out. Even Warren Buffett thinks this is a great idea.But the distressed home market can be a minefield to the amateur investor.
[credit provider=”Jade Mills Estates” url=”http://www.jademillsestates.com/currentlistings/california/malibu/90265/yXZsV/32852-Pacific-Coast-Highway.htm”] A huge four-bedroom, four-bathroom house right on the water in Malibu is on sale for $26 million.The home is an architectural gem, with sliding glass doors, stone, and hardwood used in its construction.
What is it with celebrities and the IRS? Seems like every time we turn around, another boldface name has run into trouble with the taxman.
[credit provider=”Robert Libetti / Business Insider”] In Manhattan, air rights are typically worth about half the value of the land beneath it.But around the High Line—the relatively new above-ground park built into a defunct railroad track on the city’s far west side—airspace is selling for $500 a square foot, a […]
[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Waiting_for_customers.jpg”] Police have arrested a mother of four allegedly who ran an Upper East Side brothel that brought in millions of dollars following a five-year investigation by the district attorney’s office, local news blog DNAinfo.com reports.The woman, Anna Gristina, is currently at Rikers Island on a $2 […]
[credit provider=”Flickr / sameold2010″ url=”http://www.flickr.com/photos/[email protected]
/6662460429/”] If you believe you’re paying too much property tax because the county has overestimated the value of your home, you can seek a reduction.Here are tips on how to do this:
[credit provider=”Truila”] Former Congressman and Reagan budget director David Stockman and his wife have listed their Greenwich, Conn. home for $19.75 million, according to Blockshopper.Stockman was a representative for the state of Michigan, head of the OMB under Reagan, and is former CEO of Collins & Aikman Corporation, an automotive […]
[credit provider=”Theo Wargo / Getty Images” url=”https://secure.gettyimages.com/SubscriptionDownload/Download/137296600″] Earlier this week, Warren Buffett suggested that the top investment right now is in housing—specifically, buying distressed houses with cheap leverage and renting them out.We wanted to talk to someone in the know about just how good an idea this really is.
[credit provider=”Rodolfo Arpia / Shutterstock.com” url=”http://www.shutterstock.com/gallery-5634p1.html?cr=00&pl=edit-00″] Even America’s most expensive areas aren’t immune to the foreclosure epidemic.Beverly Hills has seen a record number of defaults, with 180 properties either foreclosed on by lenders, scheduled for auction, or served with a default notice, according to Reuters.