Thursday, June 30, 2011
Jersey Shore Landmark Is Up for Sale
Just a few months after selling the Trump Marina casino, Trump Entertainment Resorts is putting Atlantic City's storied Steel Pier amusement park on the block.
Foreclosure relief bills stall in Oregon State Legislature
Three bills in the Oregon Senate staunchly opposed by the mortgage industry failed to make it to the finish line as the session wound down this week.
The bills were aimed at providing foreclosure protections for Oregon homeowners, but mortgage industry officials pegged them as costly and unnecessary.
Senate Bill 826, which attempted to hold servicers more [...]
The bills were aimed at providing foreclosure protections for Oregon homeowners, but mortgage industry officials pegged them as costly and unnecessary.
Senate Bill 826, which attempted to hold servicers more [...]
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Wednesday, June 29, 2011
Firm claims 75% of mortgage assignments invalid in Mass. county
Three-quarters of mortgage assignments issued to and from JPMorgan Chase (JPM: 40.45 +2.30%), Wells Fargo (WFC: 28.07 +2.11%) and Bank of America (BAC: 11.14 +2.96%) during 2010 in the Southern Essex Registry of Deeds in the state of Massachusetts are allegedly invalid, according to a mortgage forensics firm that reviewed a sampling of assignments within [...]
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Monthly Market Indicators - May 2011
A comprehensive look at the entire Twin Cities housing market in one location.
Source: http://www.mplsrealtor.com/downloads/market/MMI/archive/mmi_2011_05.pdf
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Tuesday, June 28, 2011
Winery for sale: Can you afford the good life?
From affordable properties for wine hobbyists to multimillion dollar estates for serious connoisseurs, here's a look at 7 vineyards that are up for sale.
Source: http://rss.cnn.com/~r/rss/money_realestate/~3/dEa6tjitHu4/index.html
Monday, June 27, 2011
Jobless Claims and Home Sales Reflect Slowdown in Economy
Claims for unemployment benefits rose by 9,000, to 429,000, in the latest week, above the highest estimates of economists.
Source: http://feeds.nytimes.com/click.phdo?i=0b908b862144d0031ec5b5dc209d7073
Sunday, June 26, 2011
Army Veteran Fights HOA for Right to Fly the Flag
Filed under: News
A 77-year-old Army veteran in Macedonia, Ohio, is fighting for the right to raise the American flag in his front yard.Fred Quigley, a retired Army chaplain and minister who served active duty during the Vietnam War, is being threatened with legal action because his flag violates his homeowners association's rules on flagpoles. As an alternative, the HOA offered to place the flag at the entrance of the development.
Quigley (pictured above at his home) refused.
"It's the principal," Quigley told AOL Real Estate during a phone interview. "It's about patriotism, and the soldiers I've had to hold as they were dying. It's just important to me to be bold with the flag."
And according to Quigley's attorney, Gerald Patronite, the HOA has no right to stop his client. Patronite cites a 2003 state statute that addresses the homeowner's rights in such a dispute. "Essentially, no deed restriction or association can abridge this right to display the flag," he told AOL Real Estate.
Patronite said that the HOA's rules state that a flag can only be displayed if affixed to the home. But doing so, he said, would force Quigley to hoist a much smaller flag.
Quigley's daughter, Karen Wilson, said that she doesn't understand how anyone could deny her father the right to raise the flag."It's a standard 15-foot pole, a 3-by-5 flag," Wilson said. "It's not outlandish, it's not over-the-top, and it fits in with the house."
Joseph Migliorini, the representative for the homeowner's association and former mayor of Macedonia, which is between Cleveland and Akron, did not return our calls. He did, however, tell a local news affiliate that he plans to take Quigley to court if the flagpole is not removed.
"We just want the rules and regulations followed," Migliorini told NewsNet5. "We're not gonna have rogue homeowners that are going to just do what they want to do and not get approval."
This is not the first time that homeowners have clashed with an HOA over the right to display the flag. In Idaho, the dispute ended in a public apology from a homeowners association that prohibited flags in "common areas." In that case, the "Freedom to Display the American Flag Act" of 2005 was cited to uphold the homeowner's right.
On Wednesday, members of the local American Legion post joined Quigley (pictured left) in a flag-raising ceremony in protest of the association's policy. Quigley said that he's been given until Monday to remove the flag, or further legal action will be taken by the HOA.
"As a minister and a chaplain, I have fought for people," Quigley said. "Now I fight for myself."
Read more about homeowners associations.
These AOL Real Estate guides can help, no matter whether you choose to buy or sell:
- First-Time Homebuyer's Guide
- How to Shop for Your First Home
- How to Price a Home to Sell Fast
- How to Get a Low Mortgage Rate
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.
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Source: http://realestate.aol.com/blog/2011/06/22/retired-veteran-fights-for-right-to-fly-the-flag/
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House of the Day: Historic Lodge in the Adirondacks
Filed under: Design, News, Buying, Lifestyle
They had me at the fireplaces. There is something about a massive stone fireplace or nine that just gets my heart going pitter-patter. The Camp Kwenogamac lodge on New York's Long Lake -- listed for sale now at $6,495,000 and built in 1903 for the surgeon who literally wrote the textbook on the use of antiseptics -- hosted diplomats, opera singers, and a number of celebrity contemporaries, including Helen Keller and her teacher, Anne Sullivan, and Gene Tunney, the champion prizefighter.
Secluded and surrounded by wilderness, the 42-acre gated estate was completely renovated, beginning in 2000, and is now a green, self-sufficient home. The original historic lodge, now used in summer, has six bedrooms and three fireplaces, along with a historic library.
The new guest lodge, suitable for year-round use, has three bedrooms, each with its own bathroom, a great room with full kitchen, and another three fireplaces.
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The piece de resistance may be the year-round-use floating boathouse, with a second story great room that I wouldn't ever want to leave. And yes, another three fireplaces.
The property has 1,233 feet of sandy beach frontage, and a hiking trail loop that's also suitable for snowshoeing or cross-country skiing, and which goes past the original owner's graveyard. There is a 750-foot deep well.
There is also a ton of history here. The property was built for Dr. John Gerster who, in the interests of serving his guests' sophisticated palates, often had fresh lobster delivered from New York City by train and iced at every stop.
Actress Sigourney Weaver and her husband own the property next door. John Burke of Sotheby's International Realty has the listing.
Got a tip for House of the Day? Know of an exceptional or unusual property currently listed for sale? Please email ann.brenoff@huffingtonpost.com with your suggestions and be sure to include links to listing details and photos. (Due to the volume of response, we unfortunately are unable to respond to each submission.)
See more Houses of the Day on AOL Real Estate.
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.
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Saturday, June 25, 2011
Weekly Market Activity Report - April 11, 2011
MAAR's Weekly Market Activity Report for the Twin Cities ? Week of Apr 11, 2011.
Source: http://www.mplsrealtor.com/downloads/market/WMAR/Archive/WMAR_2011_04-11.pdf
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The Hunt: Room for 1.) a Dog, and 2.) Wedding Gifts
James and Karen Marotta were contentedly living in a small Midtown studio when they got a puppy. That is when they realized they needed more room.
Source: http://feeds.nytimes.com/click.phdo?i=ec1f694686c04d83d10a39b691c439e1
Katharine Hepburn's Connecticut 'Paradise' for Sale
Filed under: News, Celebrity Homes
Katharine Hepburn was nothing if not passionate, and one of her fiercest attachments was to Fenwick, her estate on the water in Old Saybrook, Conn. From 1939, when the Hepburn family built it, to 2003, when the actress died there at age 96, it was her favorite place of refuge.
And now, according to Realtor.com, it's on the market for $28 million.
The current owner, New York developer Frank Sciame, bought the property in 2004 for $6 million, subdivided the acreage, and completely renovated the house. He told the Wall Street Journal that he planned to flip the place long ago, but his family "fell in love with it" and started spending summers there. (And who could blame them?)
Overlooking the Long Island Sound, the 8,000-square-foot house has six bedrooms, seven-and-a-half baths, a den, a "chart room" and a gourmet kitchen. Colette Harron with William Pitt Sotheby's International has the listing.
See more celebrity real estate.
See more Old Saybrook homes for sale at AOL Real Estate.
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
See the Houses of the Day.
Permalink | Email this | Linking Blogs | Comments
Source: http://realestate.aol.com/blog/2011/06/24/katharine-hepburns-connecticut-paradise-for-sale/
Friday, June 24, 2011
Weekly Market Activity Report - May 31, 2011
MAAR's Weekly Market Activity Report for the Twin Cities ? Week of May 31, 2011.
Source: http://www.mplsrealtor.com/downloads/market/WMAR/Archive/WMAR_2011_05-31.pdf
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enotes - June 6, 2011
MAAR's weekly electronic newsletter for the week of June 13, 2011.
Source: http://www.mplsrealtor.com/downloads/enotes/2011_06-13.htm
Thursday, June 23, 2011
enotes - May 09, 2011
MAAR's weekly electronic newsletter for the week of May 09, 2011.
Source: http://www.mplsrealtor.com/downloads/enotes/2011_05-09.htm
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Wednesday, June 22, 2011
Foreclosures and Short Sales - February 2011
A comprehensive, monthly view of the foreclosure and short sales situation in the Twin Cities housing market.
Source: http://www.mplsrealtor.com/downloads/market/FSS/fss_2011-02.pdf
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Backlog of Cases Gives a Reprieve on Foreclosures
With lenders wary of repossessed houses and a foreclosure system that is bogged down, homeowners in distress are getting breathing room.
Source: http://feeds.nytimes.com/click.phdo?i=558ec8231d85933e051fc67bddd20ca0
Most Expensive, Most Affordable Housing Markets
Filed under: News
Ever wondered what your home might cost you if you shipped it to Any Town, USA? Depending on where you land, that same house could cost nearly $2.4 million more than what you paid, according to a new housing survey.This week Coldwell Banker released its second annual Home Listing Report, which looks at the average listing price of four-bedroom, two-bath homes in more than 2,300 markets. And the gap between high and low is striking.
The most affordable market in America, Niagara Falls, N.Y., averaged a listing price of $61,000 while the most expensive, Newport Beach, Calif., commanded a whopping $2.5 million.
This is the second straight year in which Newport Beach has topped the list for the most expensive housing market -- an especially impressive feat considering that the survey included 2,000 more markets this year. In total, six out of the 10 most expensive markets hailed from the aptly named Golden State.
"The super high-end market has really rebounded," said Jim Gillespie, CEO of Coldwell Banker, in an interview with AOL Real Estate. In last year's survey, Newport Beach took the top spot with an average listing price of $1.8 million -- this year it commanded an average $2.5 million.
Some Surprisingly Affordable Suburbs
On the other end of the spectrum, the tiny tourist haven of Niagara Falls, N.Y. came in as the most affordable market in the survey, with an average listing of $61,000. The rest of the 10 most affordable markets include a smattering of the hardest-hit markets in the wake of the housing bust, like suburbs of Florida, Arizona and, of course, the steely city of Detroit.
Surprisingly, though, it was Georgia that made the most appearances on the affordable end of the spectrum, with three cities: Riverdale, College Park and Lithonia -- all of which averaged under $80,000.
"Atlanta has had a very tough market," Gillespie said. Economically, "it's not much worse than some other major cities, but had a lot of new construction that hit at the wrong time."
Despite the widening gap in prices, there are still ample opportunities to buy an affordable -- and rather sizable -- home in America. The report found 24 markets where the average listing price for a four-bedroom, two-bath home was under $100,000. More than 1,500 markets averaged less than $300,000.
To view the full report -- or to satisfy your morbid fascination with what your home might cost in the richest cities in America -- visit Coldwell Banker's HLR infographic site.
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.
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Tuesday, June 21, 2011
Casino Developments Get a Boost
The Obama administration removed a hurdle for Indian tribes wanting to build casinos far from their ancestral land, setting the stage for new development.
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Monday, June 20, 2011
Prime mortgages originated in 2011 mirror proposed QRM: DBRS
Many in the housing industry fear the qualified residential mortgage will hinder origination levels. However one credit ratings agency found those seemingly arduous standards are common in today's tighter credit environment.
According to DBRS, the standards for originating a prime loan in 2011 are very conservative. Indeed, the criteria is extremely similar to some aspects that [...]
According to DBRS, the standards for originating a prime loan in 2011 are very conservative. Indeed, the criteria is extremely similar to some aspects that [...]
Don't get trapped in an ARM
They all but disappeared after the housing bust as homeowners grew fearful of future interest-rate hikes and rates for fixed loans fell to historic lows. But "the fear of the adjustable-rate mortgage has started to settle down," says Steve Habetz, a loan officer in Westport, Conn.
Source: http://rss.cnn.com/~r/rss/money_realestate/~3/o5xiOfSPPLs/index.htm
Sunday, June 19, 2011
Procter & Gamble expands in Minneapolis
The Procter & Gamble Co. (NYSE: PG) has doubled the amount of square feet it leases at 33 South Sixth in downtown Minneapolis. Cincinnati-based P&G, maker of about 75 well-known consumer brands including Tide, Bounty, Charmin and Mr. Clean, recently signed a lease renewal and expansion for space on the 40th floor of the 1.2-million-square-foot office tower named for its address at 33 S. Sixth St. P&G's new lease is for 21,000 square feet, roughly double what it had previously in the building,...
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Weekly Market Activity Report - May 23, 2011
MAAR's Weekly Market Activity Report for the Twin Cities ? Week of May 23, 2011.
Source: http://www.mplsrealtor.com/downloads/market/WMAR/Archive/WMAR_2011_05-23.pdf
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Saturday, June 18, 2011
enotes - May 23, 2011
MAAR's weekly electronic newsletter for the week of May 23, 2011.
Source: http://www.mplsrealtor.com/downloads/enotes/2011_05-23.htm
Square Feet: Squeezing Costs, Builders Take New Look at Prefab
Modular construction, in which major building components are assembled off-site, can cut construction costs by 20 percent and reduce building time by half.
Source: http://feeds.nytimes.com/click.phdo?i=367a671b9956eee9aa5fb68d93e18a23
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Friday, June 17, 2011
Thursday, June 16, 2011
10 most expensive housing markets
What housing collapse? These 10 real estate markets boast some of the highest prices for homes in the country.
Source: http://rss.cnn.com/~r/rss/money_realestate/~3/5ugc07vimUU/index.html
Top 10 real estate boomtowns: 2020
U.S. population projected to jump 8.9% in next decade
Source: http://feedproxy.google.com/~r/inmannews/~3/xfH017jOsyI/top-10-real-estate-boomtowns-2020
REO Expo Video: The distressed housing economy
Property preservation professionals, home repair vendors and REO professionals sat down with HousingWire at the 2011 REO Expo this week to discuss the state of the nation's distressed properties as well as the current outlook of the greater housing economy at-large.
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Wednesday, June 15, 2011
CSM completes Lockheed deal in Eagan
CSM Corp. has closed on its purchase of the 51-acre campus of Lockheed Martin in Eagan. The deal had been announced in April. Terms of the sale haven't been released. Bethesda, Md-based defense contractor Lockheed Martin will continue to occupy the 623,000-square-foot facility at 3333 Pilot Knob Road under a lease agreement with CSM until the transition of its operations in March 2013, according to a CSM news release. Lockheed announced last November it was closing the 1,000-employee...
Late to peak, Portland real estate market still mired in downturn
Real Estate Market Report: Portland, Ore.
Tuesday, June 14, 2011
In the Region | Connecticut: 55-and-Up Complexes Shift Gears
Developers of age-restricted communities are asking towns to allow them to open their sales to all. Empty nesters haven?t turned out in the numbers anticipated.
Source: http://feeds.nytimes.com/click.phdo?i=d05f15a08a64e747d91c1a38eb9ff729
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Weekly Market Activity Report - March 28, 2011
MAAR's Weekly Market Activity Report for the Twin Cities ? Week of March 28, 2011.
Source: http://www.mplsrealtor.com/downloads/market/WMAR/Archive/WMAR_2011_03-28.pdf
Weekly Market Activity Report - March 28, 2011
MAAR's Weekly Market Activity Report for the Twin Cities ? Week of March 28, 2011.
Source: http://www.mplsrealtor.com/downloads/market/WMAR/Archive/WMAR_2011_03-28.pdf
Monday, June 13, 2011
Square Feet: Historic Illinois Mall Seeks New Life as Main St.
Once the world?s largest enclosed mall, Randhurst in Mount Prospect, Ill., will become an open-air shopping center after a renovation.
Source: http://feeds.nytimes.com/click.phdo?i=b695882fd05f8727dd2144ea7b0d3053
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Sunday, June 12, 2011
Most popular mortgage apps for iPhone
An updating list of popular free and paid mobile downloads
Source: http://feedproxy.google.com/~r/inmannews/~3/f_Zzc1AUiZ0/most-popular-mortgage-apps-iphone
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Housing expert still sees price plunge
In an off-hand remark before cameras and microphones, economist and housing market guru Robert Shiller opined earlier this year that he would not be shocked if there was another 10% to 25% in the nation's home price plunge -- and he's not backing down from that statement.
Source: http://rss.cnn.com/~r/rss/money_realestate/~3/CzaKUy6wKcg/index.htm
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Saturday, June 11, 2011
Selling Your House? Get Out the Paint Roller
Filed under: News, Home Improvement, How To
If you're trying to sell your house, the first thing a Realtor will tell you is to break out the paint roller. A fresh coat of paint is the quickest and least expensive way to lighten, brighten and perk up a home's interior. It's also a job you can tackle yourself--if you do it right. In today's "DIY Diagnosis," our friend Brie Dyas at DIYLife tells you how to paint a room for great results. The arrival of a new season always triggers a need to change up the wall colors in my home. And when I want a change, I want one now. But when it comes to painting a room, it's easy to get swept up in getting the job done instead of getting the job done right. Here's a handy list of common problems that can come up, why they did and how you can stop 'em.
- A dark hue looks faded. This happens when you paint over a light color with darker one. To prevent this from happening, apply a gray-tinted primer coat in between. This will stop the lighter hue from bleeding through the bolder one, and will create a neutral base that'll let bold hues look their best.
- A random shiny spot appears a week after painting. When a flat paint is applied to a high-traffic area, a glossy spot can appear where hands (or a sponge) frequently comes in contact with the painted surface, rubbing off the matte finish. So, when it comes to high-traffic areas where you know you'll have to do some cleaning, go for a semi-gloss.
For the rest of the tips, read the full story at DIYLife.
Want more interior painting advice? These AOL Real Estate guides can help:
- Painting Tips for Home Staging
- Top Tips for Interior Painting Projects
- Sell Your Home With These Paint Colors
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.
Permalink | Email this | Linking Blogs | Comments
Source: http://realestate.aol.com/blog/2011/06/07/selling-your-house-get-out-the-paint-roller/
Friday, June 10, 2011
Square Feet: Historic Illinois Mall Seeks New Life as Main St.
Once the world?s largest enclosed mall, Randhurst in Mount Prospect, Ill., will become an open-air shopping center after a renovation.
Source: http://feeds.nytimes.com/click.phdo?i=b695882fd05f8727dd2144ea7b0d3053
On Location: The Decorated Shed
The evolution of a Pennsylvania farm from crops to candelabras.
Source: http://feeds.nytimes.com/click.phdo?i=da8a126e34c8ef98b3c42c0072ce2433
Thursday, June 9, 2011
Most popular mortgage apps for iPhone
An updating list of popular free and paid mobile downloads
Source: http://feedproxy.google.com/~r/inmannews/~3/f_Zzc1AUiZ0/most-popular-mortgage-apps-iphone
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enotes - May 09, 2011
MAAR's weekly electronic newsletter for the week of May 09, 2011.
Source: http://www.mplsrealtor.com/downloads/enotes/2011_05-09.htm
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Wednesday, June 8, 2011
Selling Your House? Get Out the Paint Roller
Filed under: News, Home Improvement, How To
If you're trying to sell your house, the first thing a Realtor will tell you is to break out the paint roller. A fresh coat of paint is the quickest and least expensive way to lighten, brighten and perk up a home's interior. It's also a job you can tackle yourself--if you do it right. In today's "DIY Diagnosis," our friend Brie Dyas at DIYLife tells you how to paint a room for great results. The arrival of a new season always triggers a need to change up the wall colors in my home. And when I want a change, I want one now. But when it comes to painting a room, it's easy to get swept up in getting the job done instead of getting the job done right. Here's a handy list of common problems that can come up, why they did and how you can stop 'em.
- A dark hue looks faded. This happens when you paint over a light color with darker one. To prevent this from happening, apply a gray-tinted primer coat in between. This will stop the lighter hue from bleeding through the bolder one, and will create a neutral base that'll let bold hues look their best.
- A random shiny spot appears a week after painting. When a flat paint is applied to a high-traffic area, a glossy spot can appear where hands (or a sponge) frequently comes in contact with the painted surface, rubbing off the matte finish. So, when it comes to high-traffic areas where you know you'll have to do some cleaning, go for a semi-gloss.
For the rest of the tips, read the full story at DIYLife.
Want more interior painting advice? These AOL Real Estate guides can help:
- Painting Tips for Home Staging
- Top Tips for Interior Painting Projects
- Sell Your Home With These Paint Colors
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.
Permalink | Email this | Linking Blogs | Comments
Source: http://realestate.aol.com/blog/2011/06/07/selling-your-house-get-out-the-paint-roller/
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Weekly Market Activity Report - May 2, 2011
MAAR's Weekly Market Activity Report for the Twin Cities ? Week of May 02, 2011.
Source: http://www.mplsrealtor.com/downloads/market/WMAR/Archive/WMAR_2011_05-02.pdf
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Tuesday, June 7, 2011
In the Region | Westchester: Coming Soon: A Town Within a City
Monarch at Ridge Hill, the first of several residential towers at Ridge Hill in Yonkers, is almost ready for occupancy. The villagelike development has been slow to get off the ground, delayed by everything from legal action to the recession.The first residential tower of a mixed-use community called Ridge Hill is about to open in Yonkers.
Source: http://feeds.nytimes.com/click.phdo?i=9ac78fb003f35b3167fc1cf3cd5aa928
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Buy vs. rent: These days, buying wins
For the first time in years, buying a home may beat renting.
Source: http://rss.cnn.com/~r/rss/money_realestate/~3/WQxrzGdqQuk/index.htm
Commercial real estate poisoning small banks
The troubled commercial real estate is slowly killing off the nation's small and regional banks, and industry experts fear the worst is yet to come.
Source: http://rss.cnn.com/~r/rss/money_realestate/~3/kj71lQPcaYw/index.htm
Monday, June 6, 2011
End of Comparison to Heightened Spring 2010 Tax Incentive Market Draws Nigh
News release covering Twin Cities housing statistics for April 2011.
Source: http://www.mplsrealtor.com/downloads/inside/press-releases/news_2011-05.pdf
As Buds Open, So Do Doors: Home and Garden Tours, 2011
Throughout the Northeast and beyond, there are mansions, studio apartments, bungalows and row houses to suit every taste.
Source: http://feeds.nytimes.com/click.phdo?i=3ed81832da54d99092ea7761f4398de1
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Sunday, June 5, 2011
International Real Estate: House Hunting in ... Venice
Prices remain flat, and some multimillion-dollar apartments on the higher end of the market can take years to sell.
Source: http://feeds.nytimes.com/click.phdo?i=729a7c4b11a17111075ab50e6f0d6a2b
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