Selling Your Estate, Dos and Don’ts

September 15, 2009
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Disposing off items is not a hard task to do. You simply choose what you still need, what you might need and what you don’t and won’t need – and you’re good to throw.

But this is not always the case although we assume it to be. Selling or disposing properties can be quite a tough job for these reasons:

1. Your browser may not support display of this image. Your browser may not support display of this image. All the assets on the property need to be correctly estimated and itemized.

2. Once this is done there is a constant pressure of advertising the place correctly to get appropriate attention.

3. You may…

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Filed Under: Buying Tips, Real Estate Investment, Selling Tips

16 Count Indictments for a Multi-Million Mortgage Fraud Scheme

September 15, 2009
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Texan Melvin Lendall Brown, 49 years old and owner of Brownstone Construction, was recently arraigned in a 16 count indictment for alleged wire fraud arising from a supposed multi-million dollar mortgage fraud scheme.

Sixteen counts of fraud is a whole lot since the maximum penalty, upon conviction, for each wire fraud count is 20 years in prison and a fine up to $250,000. So this would mean, 320 years in prison or up to $4 million.

United States Attorney Tim Johnson and FBI Special Agent in Charge Richard C. Powers announced the indictment. The investigation leading to the charges was conducted by the FBI and the Department of Housing and Urban Development…

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Filed Under: Real Estate, Real Estate Fraud

For $2.1M, Julie Bowen Lists Her LA Studio City Area

September 15, 2009
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Julie Bowen clearly is an actress with range: She played the cradle-snatching Lisa on “Weeds,” the wholesome love interest on “Ed,” Jack Shephard’s ex-wife on “Lost” and attorney Denise Bauer on “Boston Legal.”

Actress Julie Bowen has sold her 3,570-square-foot house in Los Angeles’ Studio City area for $2,100,000.

Built in 1959, the house at 3541 Berry Street in Studio City that Bowen sold has four bathrooms, three and a half baths, a gourmet kitchen opening to a great room, high-beamed ceilings, walls of glass, stone floors, and a media/family room, according to listing information. Features on the 30,719-square-foot property include a pool, canyon views, and a two-story guesthouse with another three…

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Filed Under: Celebrity Real Estate, Real Estate Investment

Find That Dream Real Estate Agent

September 15, 2009
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It is such a headache and not to mention, a nightmare, for those buyers who are dealing with unprofessional and appalling real estate/broker while making the whole transaction. Therefore, finding a good agent/broker is crucial for every purchaser to enjoy a painless, magnificent real estate transaction.

The saying is “20% of the agents do 80% of the business,” and this is true but the question remains as to how can you find a good real estate agent?

The best agent for you doesn’t necessarily work at the largest brokerage, close the most transactions or make the most money. The best agent for you is an experienced professional who will listen to you,…

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Filed Under: Buying Tips, Real Estate, Real Estate Agents

Advanced Property Investment 101

September 15, 2009
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Should I buy? Should I hold? Should I sell? Three of the questions real investors commonly ask themselves. They job relies on what is happening to the market and what investors are doing especially nowadays with the world in economic meltdown.

Some analysts say to expect a 40 per cent fall in property prices in the forthcoming years, as the fallout eventually. While others claim housing shortage, when combined with swift and evasive action from a government with overabundance of protection packages will in some way protect us from at least a fall in value – this is to be watched out for, we really don’t know if it will be…

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Filed Under: Real Estate Investment

Economist and Columnist Paul Krugman Traded His Upper West Side Co-op in Manhattan for $565K

September 15, 2009
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Nobel Prize-winning economist and New York Times columnist Paul Krugman has now already sold his one-bedroom co-op unit the building at 304 W. 89th Street on Manhattan’s Upper West Side for $565,000 with the deed recorded on August 28.

This renovated one-bedroom co-op unit, located on the top-floor unit on West 89th Street, features one bath and a recently renovated, windowed kitchen with an open layout, stainless steel counters and stainless steel appliances, including a dishwasher, a Thermador oven and a Jenn-Air side-by-side refrigerator, according to listing information.

This was previously listed for $599,000. There isn’t a loss at all, for Krugman reportedly bought this co-op unit for only $539,999 in the…

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Filed Under: Celebrity Real Estate

Ways to Bag a Bargain

September 15, 2009
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Thinking of buying a new property? Unless money is not a big deal for you, I bet you would want your next property purchase to be a steal. The key is to get smart, get ready and back your judgment.

We think you should consider these points in order for you to bag the best for a price that’s less.

1. Look for an eager vendor

A vendor under distress is the most obvious component of a cheap purchase. There is no moral high ground here – often it’s a case that the seller needs a quick disposal and is willing to cut back on the price in order to move the bricks…

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Filed Under: Buying Tips, Real Estate, Real Estate Investment

Individuals Sentenced and With $1.2 Million in Restitution for Mortgage Fraud

September 15, 2009
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Four individuals sentenced for obtaining fraudulent mortgage loans on numerous properties and splitting illegal proceeds in varying proportions among themselves. The names of these individuals are as follows:

1. Myron L. Hooker, Jr., 43, Detroit, Michigan - the lead defendant in the case
2. Peter Garland, 40, formerly of Southfield, Michigan
3. Nicole Jackson, 38, formerly of Detroit
4. Antwan Mcrea, 35, Detroit

United States Attorney Terrence Berg, who announced the sentences, was joined in the announcement by Andrew G. Arena, Special Agent in Charge of the Detroit Field Office of the Federal Bureau of Investigation. Berg said, “We’re catching up with a lot of these mortgage fraudsters, and now they are starting to see…

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Filed Under: Mortgage, Real Estate Fraud
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