Thursday, March 18, 2010

Bankrupt Salander Pleads Guilty in New York Art Fraud - Bloomberg
and to Europe and owned multi-million dollar homes. Salander lived with his family in an Upper East Side townhouse and on a 66-acre property in Millbrook, New York, that has a tennis court and baseball diamond, which the family still occupies.

Homes sales fall in BR area - Baton Rouge Advocate
Realtors sold 417 homes in the Baton Rouge metro area in February, 6 percent fewer than the 443 sold during February 2009. The dollar volume fell 8 percent to $80.8 million last month, compared to $87.4 million in February 2009. The figures, compiled

Are Tough Appraisal Rules Holding Back Housing? - Wall Street Journal
says that tough appraisal rules, more than stringent underwriting guidelines, have made it much harder to get mortgages for million-dollar homes. Those homes don’t sell often as it is, and banks are requiring a tighter radius and narrower time

Gulf Pines Hospital Future Uncertain - WJHG-TV
Surrounded by upscale homes, with a a million dollar view of the Bay, St. Joe Company deeded the land to the City of Port St. Joe in 1940, to be used for a hospital. But the deed contained a "reverter clause" that stated if the property ceased to be

America's $50 Million Homes - Forbes
When brokers and sellers determine an asking price for a home in the double-digit millions, local real estate statistics mean almost nothing. Instead of relying on metrics like "comparables," the industry term for similarly appointed homes that have

Start Real Estate Investing: Using Junkers to Build - PRLog (free press release)
My husband and I have been buying and reselling homes for many years, and although we now are shopping for properties in the quarter million dollar range, we started out like most successful investors--by buying junkers. In some ways, buying junker

The million dollar-plus view - Sydney Morning Herald
AS BUYER advocates, my colleagues and I attend 30 to 50 auctions a week and 100 or so open for inspections of properties in inner Melbourne's million-dollar-plus residential divesting back into tax-free land and family homes that are free of

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