Archive for the 'Real estate' Category

What Banks Will Not Tell You: You May Not Be Liable for a Deficiency Judgment If You Walk Away From Your Mortgage

More and more Americans are facing a decision on mortgage debt they are unable to pay or refinance. Should I declare bankruptcy? You may not have to. You may be able to simply walk away from the mortgage. Most Americans fear making that choice.
The Bank Chase for a Deficiency Judgment
Most […]

New York’s Most Expensive Co-op is a Fixer

1060 Fifth Avenue
Published reports say a co-op located at 1060 Fifth Avenue (at 87th Street) has gone to contract for a whopping $46 million. And it needs work (don’t they all). This makes it New York’s most expensive co-op sale to date, besting Rupert Murdoch’s $44 million dollar purchase of a Fifth […]

Owners in Zillowland: We Want Out, Zestimates Removed

As any long time reader of this blog knows, we believe it is every homeowner’s RIGHT to decide:

where their property is listed for sale  (or not listed)
how it is marketed and advertised
not have false or misleading information attached to the home, and
who will list, advertise and market their home as their agent.

In our […]

Internet Cafe Alternative to Rental Apartment, Hotel

$12-20 will buy you a night’s sleep in a cyber cafe cubicle.  It includes free soft drinks, TV, comics and Internet access. It is cheaper than a hotel or rental apartment.   These cyber homes are popular with Japanese students and  freeters  (part times workers and odd job working poor).  The concept is sure to […]

The Future of Real Estate: Is Zillow Realty Coming?

The domain names Zillowrealty.com and Zillowrealestate.com are registered to Zillow.com (Zillowrealtor.com was taken by Primec Services– go get ‘em NAR)
Is this just protection against others trying to capitalize on their name or is a Zillow brokerage a part of their grand scheme plan? It would be nice to know if your ad dollars […]

How to Win a Free House in Africa: Don’t Be Late

If you live in Cote d’Ivoire, formerly known as the Ivory Coast, the government wants to give you a free house. All you have to do is show up on time for work. Yes, that’s it. The government believes work tardiness is so bad, it’s hurting the economy.
Pitching the slogan ‘African time’ […]

Rotten Neighbors and the Duty to Disclose

In the name of transparency, is a real estate listing agent required to disclose rotten neighbors to prospective buyers or renters? Should a listing agent do it anyway? Would disclosure be in keeping with the fiduciary duty to the seller/client? Rotten tenants are as unzillowable as traffic noise and odors in determining […]

Zillow Gets a Realtor Poll as RealtorGenius Gets the Shaft

Zillow’s own David G is stirring the shitake over at Zillow.com with a poll asking readers to answer the question: “What’s the difference between a Realtor and an agent?” Go vote.
Seems RealtorGenius blog has gotten a nasty letter from the National Association of Realtors to cease and desist using their trademark “realtor”. […]

Heavy Traffic: Trulia Top Referrer to Major Real Estate Firms

 
According to its blog (citing traffic bean counter, Hitwise), Trulia  was one of the top 3 websites referring traffic to 12 major residential real estate broker firms nationwide last month (August 18- September 15, 2007) .  The others in the top 3– some guys named Google and Yahoo!
According to the post, the Trulians outpaced fellow […]

NAR Bashing or Some Hot Air Bloweth

[WARNING: Rant ahead. Strong language. Mature audiences only. Some partial nudity. Read at your own risk.]