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How we scored our weekend getaway

By Tom Kelly, Tuesday, June 10, 2008.

When the kids were younger and "needed a nap," I would stick them in the old Volkswagen bus, sprinkle a few Cheerios in the tray of their car seat and drive around looking at interesting properties until long after they had fallen asleep.

The truth is I eventually would have made the drive anyway because I'm interested and curious (sometimes appalled) with the way owners utilize real estate. I also am a dreamer when it comes to waterfront and view land and often wonder "what could be" if I happened upon something remotely affordable.  more...

Contractor's mistake cuts years off roof life

By Bill and Kevin Burnett, Tuesday, June 10, 2008.

Q: I recently had a roof put on an investment property, but even though the contract calls for 30-year shingles, the contractor put on 20-year instead. He admitted the mistake and offered to credit me $340 -- the difference in the cost of the materials.

My issue is not the cost of materials but the fact that I've lost 10 years on the life of my roof for a measly $340.   more...

New MLS system nothin' but trouble Premium Content

By Kris Berg, Tuesday, June 10, 2008.

Dear San Diego Association of Realtors,

To better serve me, you recently gave me a new MLS system. You call it Tempo 5. I am writing to thank you. Although I never asked for my former and, dare I say, functional MLS to be replaced, you seemingly knew exactly what my clients and I needed. Granted, you never solicited my input, but you sensed the latent demand. You somehow knew that I was too busy trying to make a living to conceive of the ways in which my business profitability might be enhanced through a much more stout, content-rich search experience. That was the intent, right?

   more...

Rancho Cucamonga sale tops $6M

By Inman News, Tuesday, June 10, 2008.

Sixth Street L.P, a group of private investors, has acquired an 83,456-square-foot industrial property in Rancho Cucamonga, Calif., for $6.6 million.

Sixth Street purchased the property, located at 10096 6th St., for the purpose of a long-term investment, and plans to make some renovations to the property.

The seller was identified as Sixth Street Industrial Park.  more...

Franchise company acquires 'ugly houses' network

By Inman News, Tuesday, June 10, 2008.

HomeVestors of America Inc., the real estate investment company behind the "We Buy Ugly Houses" billboards, today announced that Franchise Brands LLC has acquired a majority interest in the company.

Founded in 1989, HomeVestors sold its first franchise in 1996 and has a network of about 230 franchise offices in 35 states.  more...

HUD again seeks end to seller-funded loans

By Inman News, Tuesday, June 10, 2008.

The following is a real estate news roundup:

HUD still trying to end seller-funded loans  more...

Microsoft discontinues Live Expo for listings

By Inman News, Tuesday, June 10, 2008.

Two years ago, seeing the success of Craigslist, Microsoft created Windows Live Expo. Hopes were, it was going to be a "Craigslist Killer." It didn't work out that way, however, and MS announced that the site wil be discontinued at the end of July.  more...

 
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