MyBlogLog

A 53 year old Massachusetts woman killed herself after faxing her mortgage company that she was going to do so. Her family home was due to be foreclosed upon later that afternoon, and in a last gasp desperate attempt to save the home, she committed...
Topics: Foreclosure

Housing prices dropped 4.8 percent in May from the previous year according to the Office of Federal Housing Oversight. The most severe hit occurred out west where housing prices fell 14.5 percent while prices actually rose in the West South Central...
Topics: 2008 Real Estate Predictions, 2009 Real Estate Forecast, Foreclosure, Real Estate Tools

Candy Spelling, widow of TV mogul Aaron Spelling, has bought a record setting Los Angeles Condominium for the tidy sum of 447,000,000. The new condo will be on the top 2 floors of The Century, a new condominium in Century City right across fro the...
Topics: Celebrity Real Estate

If you are wondering why the housing credit crisis happened, and the implicit role the government, media, and press played in it, please read this editorial by Paul Gigot at the Wall Street Journal. He and his staff have been on this story since...
Topics: 2009 Real Estate Forecast, Foreclosure, Mortgage

You wonder why it is hard to resell homes today? Just take a look at Fannie Mae and Freddie Mac. Fannie Mae has 5 billion worth of unsold property on it’s books. That is not properties in foreclosure, that is 5 billion dollars worth of property they...
Topics: Featured, Foreclosure