Check out the Indoor Waterfall in Luxury Real Estate in New Hampshire

If I were looking for a home in the New Hampshire real estate market I would definitely take a look at this property that is modern, spacious, and features its own indoor waterfall. Of course, with its $4.95 million dollar price tag it is about $4.8 million over my budget. But, perhaps this could be your dream home. … [Read more...]

Smallest American Town Makes Dream Come True

The smallest town in the U.S. ranked by population was auctioned-off for $900,000 to a Vietnamese man, whose dream came true to buy a  piece of America. Buford, Wyoming originated in the 1860s and was a busting community of 2,000 residents before the transcontinental railroad was re-routed. Don Sammons has been the town’s sole resident ever since his wife died six years ago. His kids had moved away from the Interstate 80 outpost years earlier. … [Read more...]

Bulk Government Foreclosure Sales Start

By Mike Colpitts The U.S. government is starting to sell-off its massive over-supply of foreclosed homes to investment equity firms at major discounts in a controversial trial program that could result in the future sale of hundreds of thousands of similar homes for pennies on the dollar. The Federal Housing Finance Agency (FHFA) announced the start of the sales under a pilot program in the hardest hit metropolitan areas, including Los … [Read more...]

Real Estate Auctions

Auctions The New Boom in Real Estate Driven by falling prices in the housing market, real estate auction companies are doing a booming business, and their futures couldn't look any brighter in this downward cycle. After as much as ten years in a booming real estate market depending upon what part of the country, foreclosures have hit an all time high, and stubborn mortgage lenders are aggressively refusing to deal with borrowers financial … [Read more...]

Miami Heat Forward Puts Home Up for Auction

By Ryan Jackson Showing that timing is everything, Miami Heat forward Mike Miller, who is battling with his team in the east coast conference series against the Boston Celtics to get into the NBA finals, is putting his Miami mansion up for auction. Miller, whose team lost to the Celtics last night, which makes The Heat down by 1 game in the playoffs wants to sell his Miami coastline estate, but said he hasn’t gotten any offers worth … [Read more...]

FDIC Puts Real Estate Up for Auction

By Ryan Jackson Flooded with an inventory of foreclosures, the government’s Federal Deposit Insurance Corporation (FDIC), which has taken over hundreds of failed banks since the collapse of the U.S. real estate market, is holding an online auction to sell off some of its properties. The FDIC is auctioning-off 50 Midwest homes and commercial properties that were foreclosed as part of the ordered takeover of banks that it insures. The homes, … [Read more...]

Wyoming Guest Ranch Goes To Auction

The real estate bust hasn't just left homeowners, the unemployed and those who took out too large of a mortgage on their homes out of luck. A massive guest ranch in Jackson Hole, Wyoming with all the fixings’ is going up for auction. The Darwin Ranch was listed for $8.5-million, but didn’t sell after more than a year on the market and will be auctioned-off to the highest bidder in mid-September above the reserve price of a mere $4.5-million. … [Read more...]

Real Estate Investors Plead Guilty to Auction Bid Rigging

By Mike Colpitts Eight San Francisco Bay Area real estate investors have agreed to plead guilty for their roles in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, according to the Department of Justice. The real estate investors took part in conspiracies to rig bids by agreeing to refrain from bidding against one another at real estate foreclosure auctions in Contra Costa and Alameda counties, … [Read more...]

Foreclosures Drop, Despite Turmoil

By Mike Colpitts Foreclosure filings dropped 2% in May as banks and mortgage servicing companies experienced turmoil as a result of legal problems dealing with foreclosures. Filings fell a third from a year ago. Formal foreclosure auctions, the last step in the painful foreclosure process, however, were scheduled against 89,251 U.S. residential properties during the month, an increase of 3% from April, according to Realty Trac. May’s … [Read more...]

Home Auctions Boom despite Sales Moratorium

By Kevin Chiu In Las Vegas, gamblers are refraining from putting down payments on homes in neighborhoods to find some of the best real estate deals at auctions. In Los Angeles want-a-be homeowners are checking home listings online to check prices, and then turning out to bid on auctions in search of bargains. And in Maryland at Towson based auctions that were cancelled last week as a result of possible paperwork flaws on foreclosures, home … [Read more...]