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: purchase
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.
Median Home Prices Climb While Supply Tightens
Southern California’s median home price climbed to a high not seen in more than four years even as sales plummeted. This is the latest sign that the housing market is becoming increasingly competitive, with fewer homes available for purchase.