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According to the Wall Street Journal, Mr Sambrotto spent six months trying to sell the apartment in trendy Chelsea through online listings and classified advertisements.
But the DIY home selling guru eventually decided to turn the sale over to a professional.
Not only did the Realtor set the price $150,000 higher than the original asking price, ...
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The 2011 Nevada legislative session yielded three new laws that afford homeowners additional protections. One has to wonder if Tennessee should follow suit.
Nevada Senate Bill 414: Prohibits banks from unreasonably delaying a short sale. Also prevents lenders from getting a deficiency judgment against a borrower under certain conditions.
Nevada ...
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Good news! After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to ...
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“From home buyers to lenders, mortgage fraud has had a resounding impact on the nation’s economy,” Mueller added. “Those who prey on the housing market should know that hundreds of FBI agents on task forces and their law enforcement partners are tracking down your schemes, and you will be brought to ...
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Affordable TREC Education, Sunday, June 13, 2010 4:31 PMBefore Larry Thomas unloaded his Pompano Beach, Fla., home last fall for a fraction of what he paid, he cut a deal that will keep him from worrying about a huge debt hanging over his head.
Thomas insisted that his lender, American Home Mortgage Servicing, agree not to come after him for the ...
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Three Senators introduced a measure to extend the present home buyer tax credit closing deadline from June 30 to Sept. 30. They are Senate Majority Leader Harry Reid, D-Nev., and Sens. Johnny Isakson, R-Ga., and Chris Dodd, D-Conn. This amendment does not extend the deadline for home buyers to qualify for the tax credit. ...
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CHIEF EXECUTIVE magazine annually reports which states offer the best and worst conditions for businesses to prosper (evaluating such things as tax policies, quality of life, infrastructure, regulatory environment, etc.)
In their newly released report, those states rated as the best places to do business are: TexasNorth ...
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Daily Real Estate News June 4, 2010
Interest on 30-year fixed home loans averaged 4.79 percent this week -- up slightly from 4.78 percent a week ago but still near historic lows.
The average rate on 15-year fixed loans hit a record low of 4.2 percent, down from 4.21 percent; while interest on one-year adjustable-rate ...
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Daily Real Estate News June 3, 2010
Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the NATIONAL ASSOCIATION OF REALTORS®.
The Pending Home Sales Index, a forward-looking indicator, rose 6.0 percent to 110.9 ...
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The average 30-year fixed-rate mortgage slid 4 basis points, to 4.92 percent. A basis point is one-hundredth of a percentage point. The new rate is the lowest in the nearly 25-year history of the weekly Bankrate survey, eclipsing the previous record set last week.
Meanwhile, this week's average 15-year fixed-rate -- a popular option for ...
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