Mel Gibson Lists His Family Compound For $14,500,000

April 5, 2010
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Two-time Oscar winning actor Mel Gibson listed his Malibu home with an asking price of $14,500,000.  The actor purchased the property in January of 1993.  The recently renovated Spanish hacienda style house sits on a 2.57 flat acres and measures 5,403 square feet with 6 bedrooms and 6 bathrooms. It includes a privately situated 2nd floor master suite with a separate sitting room that has a fireplace, two walk-in closets, and private bathroom.

According to property records, the formal living and dining room have tiled floors and heavy, rough hewn beamed ceilings.  The main house includes a large kitchen that opens up to the breakfast and family room, small library, media/music…

Tips Before Buying A Condo

April 5, 2010
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Buying a condominium is convenient and a great alternative to single-family home purchases.  If you have never bought a condo, here are some helpful buying tips to prepare you for your condo purchase.

1. Take note of all fees and assessments associated with a condo purchase.  This can affect the total amount of money you’re going to spend that will add to your mortgage, taxes and insurance fees.  Maintenance fees for the lobby and parking area are some fees that you need to consider before purchasing a condo.

2. Condominiums have association rules and regulations that a homeowner will have to abide.  These may include pet policies, changing the look of your…

Keep An Eye On These 4 Rental Property Tenants

March 5, 2010
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The landlord needs to properly screen a tenant before letting them rent the property.  Although there is no perfect tenant, it pays to screen potential tenants to avoid problems in the future.
Here are some kinds of tenants that you need to keep an eye on:

1. Dishonest tenants especially those who make false claims about their job or salary.  Check and verify all information given during the application process.  Check with the employers to find out all pertinent employment information.

2. Tenants who always pay late rental fees can be a problem.  Get in touch with previous landlords to find out the payment history of the tenant.

3. Destructive tenants should be avoided…

Tips On How To Increase Your Commercial Property Sales

March 5, 2010
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You can get a good profit by investing in commercial properties.  But you need to keep an eye and understand the constantly changing status of the real estate market to make a good sale.  Here are some things you need to remember if you want to invest in commercial properties.

1. Build a strong personal relationship with your potential buyers and sellers.  You will definitely learn a lot from them about their requirements to help you present a deal accordingly.

2. Advertise your property online.  You need to promote your property very well to get a wide range of buyers and the internet is a good place to start.  Place your property…

The Benefits of Getting A Letting Agent

March 5, 2010
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It can be stressful to be a landlord.  A landlord needs to manage all aspects of his property like maintaining the upkeep of the property, repairing damages, getting new tenants and ensuring the rent is paid.

A landlord can ask for help by hiring a letting or rental agent.  Here are a few reasons why you can benefit from hiring a letting agent.

1. The letting agent will manage rent payments to make sure the tenants will pay on time.

2. The agent will also check your property to make sure it doesn’t have any damages.

3. Letting agents will have a network of plumbers, electricians and builders to fix any damages in your…

Rush Limbaugh Lists His NYC Penthouse For $13,950,000

March 4, 2010
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Conservative radio host Rush Limbaugh is selling his New York penthouse with an asking price of $13,950,000.  The 10-room, 4,661 square foot condo includes 4 bedrooms, 5.5 bathrooms and 4 terraces, two of which have direct Central Park views.

Limbaugh bought the property in April of 1994 for 5 million dollars. The property has features that include a double living room with fireplace, wood paneled library, huge baths, and a maid’s room.  The penthouse also has painted golf leaf moldings, hand-cut patterned marble floor in the entrance hall, herringbone mahogany floors, wall to wall carpeting, upholstered walls in Fortuna fabric and murals done by Richard Smith.  Aside from the bedrooms, the…

Tips On Writing A Hardship Letter

March 4, 2010
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Many homeowners have ended in foreclosures because of the recent economic slump and high rate of unemployment.  These homeowners weren’t able to pay their mortgages causing lenders to take legal action against them.  An effective way to avoid foreclosures without a legal battle is by making a hardship letter.  A hardship letter can be a great decision in battling foreclosures and here are some tips on how to write a hardship letter.

1. You can choose to hire a consultant to write the hardship letter in your behalf or write it yourself.  The important thing is make sure all relevant information regarding your financial status are attached for the benefit of…

Steps To Avoid Mortgage Foreclosure

March 4, 2010
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The right methods and strategies can effectively help you delay or save your home from foreclosure.  Here are five steps that can help save your home for at least a year or two until you get your finances sorted.

1. Do not move out of your home during foreclosure proceedings because you could lose homeowner benefits and advantages like the one-time FHA mortgage insurance.

2. If you are falling behind with your mortgage payments, work out a personal solution to help you catch up on payments.  Also make sure that your lenders are aware of your financial status.

3. Ask help from credit counseling agencies and debt management companies.  They could suggest alternatives…