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Disgruntled Buyer Sues Buyer’s Agent

Daily Real Estate News  |  January 22, 2008 What are the responsibilities of buyer agents? A case being tried next week in North County, Calif., Superior Court will help decide that question. Buyer Marty Ummel is suing her buyer representative saying he hid information about what similar homes in the neighborhood were selling for because he feared […]

Ownership: Rules to Make Nice With Neighbors

Rowdy neighbors. Filthy neighbors. Neighbors who never speak. Some neighbors are boors and it can affect property values, says Deborah Ford, director of the bachelor of science program in real estate and economic development at the University of Baltimore. “There are strict laws about housing discrimination, so [real estate practitioners] can’t do or say anything […]

Woman Sells Pieces of her Foreclosed Home

An Ontario, Calif., woman, who tried to save her home from foreclosure by selling its period flooring, baseboards, and other fixtures on eBay, was evicted and the house was secured by local police. A Superior Court judge intervened after the city complained that the home was being desecrated. The city had an interest because it […]

Did you enter the contest?

HGTV to Give Away $850,000 Green House HGTV, which is building its first green show home in Tradition Hilton Head, a 5,300-acre, 9,500-home development in Hardeeville, S.C., will give the house away after it is featured on the Green Home 2008 special, Sunday, March 23. Competition to win the $850,000, 2,000-square-foot, fully furnished home is […]

There is no place like- New York, NY

…which is why I guess, I have many people calling to inquire about relocation. Manhattan Condos are Setting Price Records Manhattan condominium and co-op prices are setting records while the rest of the country’s real estate markets are struggling. The average price for an apartment reached $1.4 million in the last quarter of 2007, up […]

Rent to increase/ home prices to decrease?

Daily Real Estate News  |  January 4, 2008 Rents Must Rise to get in Sync With Home Prices The benchmark ratio of rents to home prices is slowly returning to its long-run average but it could be at the expense of home prices, according to a study by Federal Reserve Board economists and a University of Wisconsin […]

Real Estate News:Immigrants Often Targets of Subprime Scams

Immigrants Often Targets of Subprime Scams Immigrants have long been victims of fraud, but the subprime mortgage boom has provided a particularly popular avenue for unethical lenders to take advantage of immigrants. Housing counselors say they have seen predatory lending to immigrants across the U.S. Among the vulnerable groups: Latinos throughout California, Caribbean and African […]

Real Estate News: Foreclosure Plan

Foreclosure Plan Will Be Greeted With Questions Treasury Secretary Henry Paulson will unveil a plan on Thursday to forestall foreclosures and ease the housing recession. The release of plan’s details will coincide with the release of data from the Mortgage Bankers Association that show that homes in foreclosure hit record levels in April through June, […]

Real Estate News

Private-Money Mortgages Get More Popular Hard-money or private-money mortgages, which are funded by individual investors or investor groups, are gaining popularity now that subprime financing has dried up and prime lenders have tightened their credit standards. Miami-based Yale Mortgage Co., for instance, reports a 30-percent increase in applications from last year; while a 50-percent gain […]