When Tom Barrack lost the bid for the Los Angeles Dodgers baseball team, he decided to a leap into one of his largest bulk foreclosure purchases. With contacts high above in the real estate industry, Barrack reached out to Fannie Mae and bid on their bulk for a $176,000,000 purchase.
Tag: los angeles
Top Ten Things You Need to Know About the 3.8% Tax
Many of you have either received frightening emails or been caught up reading articles all over finance pages in regards to the 3.8% sales tax on investment income. Here are the top 10 items we have found necessary for you to be aware of once the tax goes into effect.
FHA Revised Rules
A bit of good news for the condominium buyers out there; the Federal Housing Finance Administration (FHA) recently revised its condominium certification rules, making it easier to qualify condominiums for FHA financing.
Bank of America & JohnHart – A Short Sale Strategic Alliance
As more and more homeowners are enlightened about the pitfalls of Loan Modification, they are quickly turning to Short Sales as the best option for relief from their over-inflated mortgages and impending foreclosure sale dates. However in an industry as impacted as real estate how can a consumer determine the difference between an agent who […]
Modernizing The Glendale Galleria, Post Americana’s Rise
Built in 1976, the Glendale Galleria which boasts 1,600,000 square feet is moving along rapidly with their construction. Caruso’s entrance into the centralized city of Glendale has the Americana putting up a challenge for Glendale Associates to renovate and modernize the popular mall.
Buy California Real Estate Before It’s Too Late
Despite the economy still being depressed, current trends show that right now may be the correct time to get back into the real estate market.
Examined: Who Did The Housing Market Crash Hit Worst?
In terms of house prices in Los Angeles County, those who were hurt the most by the market crash may not be who you expected!
Examined: La Crescenta, CA May Still Be Overpriced!
Is the Housing Market in this Los Angeles Suburb Still Overpriced?
How to Negotiate: A Primer on Deal Making
The industry you work in is irrelevant, but knowing how to negotiate the best deal possible is not!
Examined: California Foreclosure Data
What does all of this mean for the CA Real Estate Market?