Author Archives: admin

Pierce Brosnan Selling Malibu Home for $3.9 Million

Posted on July 27, 2010 by admin

Dashing, debonair movie star Pierce Brosnan is selling his Malibu home for $3.9 million, according to the LA Times. Brosnan’s home is described as a two-story, Mediterranean-style artist’s retreat, and is located just steps to the beach. Unfortunately, no interior … Continue reading →

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Ted Kennedy’s DC Home on Market for $7,995,000

Posted on July 27, 2010 by admin

The Washington, DC home of the late Senator Edward Kennedy and his wife, Victoria Reggie Kennedy, is on the market for $7,995,000 — this after being “quietly shopped around,” according to the Wall Street Journal. Kennedy’s home is a stately, … Continue reading →

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Dr. Phil Selling His $16.5 Million Beverly Hills Home

Posted on July 27, 2010 by admin

Everyone’s favorite prime-time TV shrink, Dr. Phil and his wife, Robin, are selling their Beverly Hills home for $16.5 million. While speculation about their divorce has swirled for years and found new legs with this real estate listing, the LA … Continue reading →

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If you have a complaint against your bank, mortgage company

Posted on July 25, 2010 by admin

Protecting consumers from bad banks: The Real Deal 7-23-2010 WSYR ABC 9 Syracuse

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San Francisco FHLB Sues Over Questionable Mortgage Investments

Posted on July 25, 2010 by admin

The Federal Home Loan Bank (FHLB) of San Francisco filed complaints last week in the Superior Court of California against nine securities dealers it claims made misleading statements about mortgage loans underlying securities. The complaints involve investments the San Francisco … Continue reading →

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New York Sues BofA Merrill Lynch over Subprime Investments

Posted on July 25, 2010 by admin

New York State Comptroller Thomas DiNapoli is suing Bank of America (BAC: 13.74 +0.59%) and Merrill Lynch over losses related to subprime mortgage investments. The separate lawsuits against each company allege the firms violated securities laws. DiNapoli took the action … Continue reading →

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Celebrity Real Estate Highlights – July 17

Posted on July 24, 2010 by admin

Published By : Jana Schreiber on Saturday, Jul 17th, 2010, 2:00 pm Jesse James Lists Two O.C. Properties It’s time to beat the heat and cool off with some of this week’s celebrity real estate selections which included a crop … Continue reading →

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A Multi-Million-Dollar Mortgage Fraud Scam Sends a Broker in Prison

Posted on July 24, 2010 by admin

Bethesda, Maryland – Michael Milan was sentenced to 108 months in prison, pursued by three years of supervised release, for his role in carrying out a multi-million-dollar mortgage fraud scheme. He was also ordered to pay restitution of $3,141,409 and … Continue reading →

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HAMPering homeowners – consider a short sale by Watermark Properties

Posted on July 24, 2010 by admin

HAMPering homeowners By Eve Mitchell Contra Costa Times Homeowners who receive a break on their mortgage after obtaining a trial loan modification could find themselves taking a financial hit if they do not end up qualifying for a permanent loan … Continue reading →

Posted in Distressed Homeowners, Home Owners, Real Estate Information, Real Estate Information, SF Bay Area Property Stories, SHORT SALES, Watermark Properties, short sale | Leave a comment

Seller Financing Can Have Tax Advantages

Posted on July 24, 2010 by admin

Offering to hold either a second mortgage or a primary mortgage in either a residential or a commercial sale can be a good deal for the seller. The primary advantage is deferral of taxes due. Sellers are normally taxed as … Continue reading →

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