Real estate fraud is a serious problem now and always has been something to watch out for. Here are some examples of danger signals. Property Flipping – A type of real estate investment strategy in which an investor purchases properties with the goal of reselling them for a profit. However, not all property flips are [...]
So the major banks have been given billions of dollars from TARP so we could start borrowing money to buy cars and homes to get the economy going again. But now that the banks are awash in cash they’re keeping it in the bank. It seems that the banks are hoarding their cash so they [...]
What’s the big concern about this flu that’s going around now? According to Daniel J. DeNoon and reviewed by Louise Chang, MD is that this is an unusual strain of virus. According to Mr. DeNoon, “there are four different types of swine flu strains that commonly circulate among pigs. Most recent swine flu viruses have [...]
Fannie Mae and Freddie Mac will once more begin buying “super-conforming” mortgage loans of up to $729,750, which will bring rates down for borrowers with good credit seeking loans previously classified as jumbo. Currently, loans greater than the $417,000 conforming limit in “normal” housing markets — or the super-conforming limit of up to $625,500 in [...]
Although millions of transactions spawned by Craigslist are completed without a problem, there is always someone out there using it to steal someone’s money. So goes the tale of a West African scammer who took the address of a home in Lexington that was listed for sale and advertised it on Craigslist as one of [...]
Driving out two and one half miles north on Highway 49 from Nevada City you might notice a non-descriptive building with a sign “The Willo” along with a small florescent martini glass. You may wonder why there are so many cars and trucks parked outside. Your first thoughts might be, this must be a really [...]
Nevada County has numerous lakes. Most of them are located in the high country between Nevada City and the City of Truckee. Some of these lakes are; Toll house Lake, French Lake, Lake Spaulding, Webber Lake, White Rock Lake and there are more! Many of the lakes were formed by ancient glaciers that are now [...]
Here are places to get help if you or a friend are facing foreclosure. There are so many scams out there now that it can be difficult to find legitimate help. Be careful of paying money up front in order to get help and some of the Internet advertising that says they guarantee that they can [...]
Talk about a price reduction! That’s exactly what the heirs of the late Leona Helmsley did; reduce the price of her Greenwich, Conn. Home by 40% to $75 million from an original list price of $125 million. Last July, a Russian billionaire paid Donald Trump $95 million for a Palm Beach, Fla., mansion originally [...]
The post I wrote entitled “Shall I Walk Away from my House” drew some real good comments both pro and con. Shall I walk away from my home? If you are backed against a wall and have no choice, then of course the answer is yes, if you have no other choice. But If you [...]
