Archive for May, 2012

C. Frederick Wehba’s estate sells for half price

The 36,000-square-foot Beverly Hills house, which came on the market two years ago at $68.5 million, sells in the mid-$30-million range. Even the rich love a half-off sale.

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Homebuyers Responding to Low Home Prices

Low home prices in the U.S. housing market are nothing new, but now reports indicate homebuyers outside of typical investors are finally responding to the bargains

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Homeowners Drowning in Underwater Mortgages

Zillow’s most recent Negative Equity Report shows that nearly one-third of U.S. homeowners are underwater in their home loans, meaning that they owe more on their mortgages than what their homes are worth.

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Small Companies Making Big Gains

As the old saying goes, dynamite comes in small packages, and some businesses epitomize the adage by making explosive profits despite their tiny size. A business must have 50 employees or fewer to be designated as “small” for ranking purposes, and by this measure there are five companies..

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Oil Prices Set to Rise in 2012

Despite recent drops in oil prices, experts at the U.S.

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New Nonrecourse Mortgage Law in Michigan to Protect Borrowers

Recent court rulings in two mortgage default cases left many Michiganders wondering about their loan liability in the event that they fell underwater in their home loan or failed to pay on time. The new Nonrecource Mortgage Loan Act, which was signed into law, was crafted to help borrowers avoid an…

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Short sales of homes soar 25% to three-year high, RealtyTrac says

The number of U.S. homes purchased via short sale hit a three year-high in the first quarter of 2012, up 25% from a year earlier, according to a report on foreclosure-related sales.

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Short sales of homes soar 25% to three-year high, RealtyTrac says

The number of U.S. homes purchased via short sale hit a three year-high in the first quarter of 2012, up 25% from a year earlier, according to a report on foreclosure-related sales.

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What Every Colorado Rental Property Investor Needs to Know

Renters occupy nearly one-third of the housing units in Colorado, according to the U.S. Census Bureau, making investing in rental property a profitable venture

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Former Georges Marciano homes for sale

The three Beverly Hills trophy estates once owned by the apparel firm co-founder include the former home of Columbia Pictures honcho Harry Cohn and, later, talk-show host Mike Douglas. It’s listed at $24.5 million

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