The World’s Most Expensive House
London’s paper, The Sun, today shares with us the rumored sale of the Most Expensive House in the World.
The home is located on “Billionaires Row” in London and is set to sell for a WHOPPING £117million or approximately $232 million to Lakshmi Mittal, the steel Tycoon, and one of [...]

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Real investing is, and has always been, a topic that has generated a lot of interest. Some people are actually accomplished investors while others are dabblers with the remainder being “wannabes�. That’s the American way and nothing wrong with that unless you fall victim to a real estate hustler.
What’s a real estate hustler? If you [...]

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I’d like to say that this is as bad as it gets. I’d like to say it, but I don’t think that is true.
In California alone, just released figures show that last month, 1,000 (that’s one THOUSAND) foreclosed homes were brought to auction each and every weekday–a 44 percent increase just from the month before.
Nationally, [...]

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Not too long ago I went to a neighboring town to check out an investment possibility for an investor I work with - rental subdivisions. The owner had built these homes in a college town 15 years ago and they were all basically the same style, cottages — some 2/2, some 3/2, 1400 sq ft [...]

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Will we ever learn? Doesn’t look like it.
You’d think what with all that has gone down with the subprime mortgage/credit mess, the real estate industry (or, at least, segments of it) would be in the forefront of a much needed reform movement.
Instead, there seems to be an almost pathological desire to return to “normal” as [...]

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In the late 1990s country music star, Trisha Yearwood, had a hit song titled Walkaway Joe. The title of that song would be an apt description of many borrowers today. These people invested in real estate by leveraging themselves as much as possible. Many of them bought homes with little or no money down.
The [...]

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I was just reading an article about how Mortgage Fraud is now a specific crime in Missouri, but couldn’t help but think to myself whether or not this law goes far enough. While I haven’t read the law itself, a $2,500 fine and/or jail is just not going to cut it. The loans [...]

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