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home sales: Housing Market Predictions: Home Values Continue to Sink - 06/13/11 03:50 PM
By any measure, last week was a tough week for the housing market: According to the latest S&P Case/Shiller Index, home values have fallen back to where they were in 2002, although in some of the hardest-hit neighborhoods, housing values have fallen back to where they were in the 1990s, or earlier.
Pending home sales dropped 12 percent from the prior month, according to the National Association of Realtors. That is the lowest number since September, 2010, which is when the last installment of the home buyer tax credit ended.
Unemployment has remained stubbornly high. This week, more than 422,000 people filed … (2 comments)

home sales: Desperate To Sell? Consider A Lease With The Option To Buy - 03/11/11 10:20 AM
These days, we're all hearing from homeowners who are desperate to become home sellers, but simply can't sell their houses. Either there are so many foreclosures in the neighborhood that their homes are worth only a fraction of what they once were (putting the home in a severe negative equity position) or there simply aren’t many buyers making offers. If you’re seeing more people in your local real estate market looking to rent rather than buy, and you need to move, you might consider leasing your home and giving the tenant an option to buy your property at a later date. … (0 comments)

home sales: George Clooney Selling His Italian Villa On Lake Como - 02/24/10 04:22 PM
Two wealthy buyers are purportedly bidding on George Clooney’s beloved Italian villa on Lake Como, located in the charming village of Laglio.
Clooney, who reportedly paid $10 million for the villa in 2002, and his girlfriend, Italian television anchor Elisabetta Canalis, have been overrun with paparazzi seeking to shoot ever more revealing photos that will fetch a high price online and in print.
Those bidding on Clooney’s Villa include David and Victoria Beckham, and the Russian vodka and banking tycoon Tariko Roustam. The TimesOnline didn’t know how much the Beckhams, who have spent time with Clooney at the estate, bid but … (8 comments)

home sales: Short Sale vs Foreclosure: Which One Can You Get To Close Faster - 11/16/09 10:14 AM
Q: I went under contract to buy a house on six months ago. This is a short sale, and I understand that multiple lenders are involved. But I have been more than patient. What can I do? I can’t seem to get anyone to listen to me. Don’t the banks want this to work out?
A: I’m sure that someone besides you wants this sale to work out – the seller! The problem is that each lender has to agree to the short sale and lenders are drowning with the numbers of short sales, foreclosures, and loan modifications that are stacked … (0 comments)

home sales: Partnership Agreement Prevents Home Sale Woes - 10/08/08 05:21 PM
Summary: A ThinkGlink reader asks about splitting up the investment in a condo after it's sold. Two friends contributed to the condo's down payment but only one of their names is on the mortgage. How much of the proceeds are each of them entitled to after the sale? Can the friend who's not responsible for the mortgage claim a significant amount of the sale proceeds? Sam and Ilyce advise contacting a real estate attorney to determine who gets what and to set up a partnership agreement the next time someone buys property with a friend.
Q: My daughter bought a condo … (0 comments)

 

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