Howard Stern is Hot in Real Estate

Howard Stern has over 20 property related files in Queens, 27 in Brooklyn and 1 in Manhattan. The files include mortgages, releases or satisfaction pieces, liens and powers of attorney.

One 11 page mortgage was recorded on 9-23-04 for a two family dwelling, located at 243 51st Street, Brooklyn in the amount of $300,000. Another property transaction for 845 Dean Street, Brooklyn was recorded on 5-25-04 in the amount of $150,000 at an unbelievable 14% interest rate considering rates were at a fourty year low. The senior mortgagee (holder) is Howard Stern and the junior holder is New Way Realty Corp. Better known, in my opinion, as loan shark one and two. If you think that's scary, you should read the actual 10 page document.

This information and other similar types are available to you for free. You just have to know how to get it by a name, address, parcel number, even street intersections. It is easily accessable.

You can find out about divorces, liens, marriages, wills, transfers, judgements, deeds, releases and many fascinating things such as hundreds of years old documents in beautiful handwriting and language together with a wax seal. This is one way people or mortgage companies buy loans from each other, usually not even alerting the borrower until after the fact.

Suzie is a certified residential appraiser and licensed real estate broker and expert authur educated in real estate and architecture. Other professionals in the industry have contributed as well. http://www.freewebs.com/realestatenews

The talk show host pays $12 million for the 4,088-square-foot house with four bedrooms and four bathrooms. The ocean-view home sits on 1.26 bluff-top acres with beach access.

In one of the more talked-about transactions in town, actors Brad Pitt and Angelina Jolie have sold their Malibu beach house to daytime host and comedian Ellen De Generes for $12 million.

The four-bedroom, five-bathroom house built in 1920 for industrialist James Wigmore lists for $2,875,000.

A decorative cast stone entrance opens to this restored Spanish Colonial Revival-style house in Pasadena's South Orange Grove area. Built in 1920 for industrialist James Wigmore, the house retains such original details as coffered wood ceilings and arched doorways.

They don't believe they can sell their property for what it's worth, so they're spending money on making their homes more comfortable.

Do you fit any of these descriptions?

A biennial research report by the National Assn. of Realtors indicates that a handful of real estate agents and brokers and their clients either don't know the law or don't care to follow it.

When it comes to lawsuits, real estate agents and brokers tangle mostly among themselves.

The president aims to help about 3.5 million people with good credit who are unable to refinance at historically low rates because their homes are worth less than their mortgages.

 

The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments.

The Standard & Poor's/Case-Shiller index of 20 large U.S. cities fell 1.3% in November from October as foreclosures continue to drag down the housing market.

Three straight months of home-price declines in the biggest U.S. cities showed that foreclosures remain a significant drag on a housing market that is entering its fifth year of deterioration.

L.A. Clipper Chris Paul may be quick down the court, but he moves pretty fast when it comes to buying multimillion-dollar real estate too.

Karen Mena managed to get a foreclosure on her San Bernardino home rescinded. But she continues to negotiate with Bank of America over loan terms and could still lose the house.

Foreclosure commonly represents the end of a struggle. A borrower can't pay a mortgage, loses a home and moves on.

A.F. Leicht designed quirky Spanish Revival houses in Los Angeles as well as evangelist Aimee Semple McPherson's landmark Angelus Temple. His interiors often had irregular-shaped or curved walls, rooms or hallways. This Los Feliz villa, with rounded rooms, fancifully shaped living room French doors and elliptical master bathroom, captures his signature style.