Skeletons in Your Closet…or Basement? This Would entice a Bank to Short Sale
Gruesome! In this image taken in July 2011 shows the tomb and skeleton of what is believed to be an 800-year old Russian man that rests in the cellar. A Swedish real estate agent has an unusual piece of property up for sale: a five-bedroom house, complete with medieval tomb and skeleton in the cellar. The central Visby town house on the Baltic island of Gotland was built in 1750 on the foundations of a Russian church. The kitchen lies on the presbytery, and the tomb containing the skeleton visible through a glass pane is in the cellar. (AP Photo/John...
Read MoreShort Sales up…Banks Prefer Short Sales To Foreclosures
Great information from CNBC, enjoy! Any time I see a 74 percent jump in anything, I hear alarm bells, so when the Treasury Department reported just that big a jump in its Home Affordable Foreclosure Alternatives (HAFA) program, I figured there had to be something really big behind it. And I was wrong. There’s nothing big behind it, in fact there’s something very small behind it: Small numbers. HAFA provides financial incentives for servicers and borrowers to do short sales (selling the property for less than the value of the mortgage) and deeds in lieu of foreclosure (basically...
Read MoreBank of America Answering the Call of It's Critics…Increased Help for Distressed Homeowners
BREAKING NEWS… New York Times reports a tripling of assistance to the most hardest hit areas of the country…California leads the way with 7 new centers to assist homeowners in trouble…facing foreclosure or seeking an alternative to foreclosure. Here’s the story… By NELSON D. SCHWARTZ Published: May 5, 2011 Bank of America plans to triple the number of local centers across the country that provide assistance to mortgage customers facing foreclosure, lifting the total to 40 from 12 by early summer. Cities With New Centers Bank of America plans to...
Read MoreWolf…Sheep…or Both? Banks are Seeking to Settle Mis Managed Foreclosures
The older we get, the wiser… A few years ago, I would have said “hey, the banks are doing a good thing here”…now, I look at anything that comes from the banks as nothing more than ulterior motives…in other words…the banks are hiding something. If you lift the shroud that the banks are laying forth in this article by New York Times’s, David Streitfeld…there is absolutely no “transparency” on the behalf of the mortgage industry…it’s all “bells and whistles”…distracting these homeowners that...
Read MoreChristina Aguilera Selling Beverly Hills Estate…$13.5Million
Christina Aguilera Puts Beverly Hills Home on Market for $13.5 Million Source: IMDb Christina Aguilera has been a trending name for headlines in the first few months of 2011, but not for the Grammy-winning voice that made her a star. A lyrical twist of the national anthem at the Super Bowl, tumble at the Grammys, highly publicized divorce, and a public intoxication arrestis the unfortunate string of events Aguilera has encountered, all of which have gone anything but unnoticed by tabloids. Her real estate portfolio hasn’t been a source of good luck either. Aguilera’s Hollywood...
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