Trump's FHFA could rein in Fannie and Freddie's high-end lending
Cutting the mortgage giants' $806.5K conforming loan limit could relieve pressure on home prices, but leave more homebuyers seeking jumbo mortgages at higher rates from private lenders
by Matt Carter Mar 25
Missouri woman pleads guilty in Graceland fraud case
On Tuesday, Lisa Jeanine Findley told a federal judge that she would plead guilty to a charge of mail fraud she incurred last August while attempting to fraudulently auction off Graceland
by Lillian Dickerson Feb 26
New York City real estate mogul Jacob Chetrit dies
Jacob Chetrit, a prominent figure in New York City and Florida real estate and a member of the influential Chetrit family, has died, The Real Deal reported Saturday
by Richelle Hammiel Jan 6
Elon Musk's former Bel-Air home's price cut by $3M, faces foreclosure
The Bel-Air home, built by Los Angeles architect Robert Byrd, saw a price reduction from $12.95M to $9.5M, and is set to go to auction next month if it remains unsold
by Richelle Hammiel Nov 22
Elon Musk signals foreclosure on former home of Gene Wilder
An entity tied to Musk has filed a notice of default on the property, which Wilder's nephew purchased from Musk with the assistance of a loan from the Tesla CEO in 2020
by Lillian Dickerson Aug 22
Missouri woman charged with fraud in Graceland scheme
The fraudster who once self-identified as 'one who creates trouble' has been unmasked by the DOJ as 53-year-old Lisa Jeanine Findley. Prosecutors said Findley has gone by several aliases
by Lillian Dickerson Aug 16
Miami investors lose another hotel to foreclosure auction
In the same week that the investment firm lost the Waldorf Astoria in Washington DC to a foreclosure auction, CGI Merchant also had to let go of the Gabriel Miami in a second auction
by Lillian Dickerson Aug 12
Investment firm loses former Trump hotel to foreclosure auction
Miami-based investment firm CGI Merchant Group purchased the luxury hotel in 2022 for $375M with a $285M loan from BDT & MSD Partners. By 2023, the firm had defaulted on its debt
High mortgage rates cool down prices in these US metros
Home prices and sales have declined as the demand from all buyers, including investors and buyers interested in building homes, has cooled, according to CoreLogic
by Richelle Hammiel Aug 2
Commercial market bottom nears as foreclosures surge
Portfolios of foreclosed and seized office buildings, apartments and other commercial buildings hit $20.5B during Q2 2024, the highest quarterly figure posted since 2015, according to MSCI
by Lillian Dickerson Jul 29
Graceland fraudster goes public: 'I am the one who creates trouble'
Without revealing his identity, the 'ring leader' of a fraud operation that tried to auction off Graceland presented himself in emails to The NYT, saying his network preys on gullible Americans
by Lillian Dickerson May 29
Xome's DIY platform lets investors sell homes without an agent
Homeowners can't sell a primary residence through Xome's seller portal without a listing agent, but they're welcome to hire an agent on their own or ask Xome to match them with one
by Matt Carter May 24
Graceland saved from auction for now, court chancellor rules
The mansion where Elvis lived will remain in the family's hands following a lawsuit filed by the actor Riley Keough, Elvis' granddaughter, which alleged the company trying to sell it committed fraud
by Lillian Dickerson May 22
Why inland California housing is so exposed to downturn risk: Report
Data provider Attom tracks the 50 US communities most at risk of further housing decline. Half of them are located in 1 of 3 places
by Daniel Houston Mar 6
Here's what lies ahead for the spring selling market
Trainer and author Bernice Ross talks to market expert Rick Sharga about red flags and opportunities to be found in the upcoming spring real estate market
by Bernice Ross Feb 20