Largest home on the market at 90,000 sq. ft…and it's not even owned by a celeb..find out who owns it! http://bit.ly/aDV0GI #

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RealtyStore.com and Foreclosure.com listings analyzed through a random sampling of 100 properties nationwide.
Observations:
20% of RealtyStore.com listings sampled appeared on foreclosure.com as “inactive,” while the listing on RealtyStore were either “new” or “active.” Many times this signifies stale or outdated information.
Example 1:
113 Viaduct Pescara, American Canyon, CA 94503 is listed as “active” on RealtyStore.com. See image below:

The same property on Foreclosure.com is listed as “inactive” and with the address: 113 Via Pescara- which also happens to be the correct address. See image below:

When cross referenced with …

According to Urban Turf, a DC real estate guide, the listing web site Redfin had the White House listed, of all things, “for sale by owner.” Yup, the 55,000 square foot presidential pad was listed for sale for a cool $10 million, with a price per square foot of $182.00.
On CBSNews.com Redfin released a statement regarding the data faux paus:
“At Redfin we want to show all the homes for sale. So in addition to showing you homes for sale from MRIS, the MLS in DC, we also get for sale …

According to a recent article in the Orlando Sentinel, Florida is now home to the ‘largest house in America.’ The palatial, French provincial modern home dubbed ‘Versailles’ is a whopping 90,000 square feet and offers 13 bedrooms and 23 full baths. The home located in Orange County outside of Orlando is currently under construction and is for sale at an asking price of $75 million.
David Siegel, a time share mogul, and his wife currently own the home and plan to see it to completion for the new owners. …

A few months ago, while performing some web searches on Google for ‘Foreclosure related’ keywords, I found some interesting things.
I found Reply.com advertisements all over the place. Reply.com now has foreclosures? Further investigation showed that they apparently have found a little loophole in Google’s double ad showing policy.
Google Adwords prevents individual companies from having multiple ads appear at the same time for the same keywords. This is called ‘double ad serving.’ This halts companies with deep pockets from buying up all the ad space for their niches. Makes …

So Much for the Lone-wolf Terrorist Driven by Foreclosure http://bit.ly/aD97jD #
Organization helping homeless squat in foreclosed homes: http://bit.ly/c7Uk8X #
FL and CA make up 5 of 13 housing markets that 'will never recover according to biz insider: http://bit.ly/aj1Cks #
POLL: U.S. consumers are less interested in buying a foreclosed home than they were a year ago http://bit.ly/bWTzqJ #

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In her recent trial Patricia Morgen admitted to bilking more than 400 investors out of millions of dollars with faulty real estate investment promises. Morgen was sentenced to 15 years in prison.
The Madoffess Morgen is set to pay $9 million in restitution to her victims. However, whether or not that kind of money is still available remains a question.
Morgen was allegedly running a Ponzi scheme, promising investors large profits from real estate investments in the Reno, Nevada area while actually paying previous investors and skimming for herself. …

Here is a brief synopsis on the latest foreclosure news to hit the press.
Washington Post: In an attempted to curb Maryland foreclosure rates, state legislation passed a program giving the homeowners a legal right to mediate with their lenders. Under the mediation program the lender is required to send a loan modification application to the defaulter.
Reuters: According to a recent poll, “U.S. consumers are less interested in buying a foreclosed home than they were a year ago.” Reporter Lynn Adler suggests this could lead to an increased backlog of foreclosed …

New blog post: Jumping Ship- How homeowners are walking away http://bit.ly/bUWfSb
New blog post: Man Locks Himself in Foreclosed Home, Arrested http://foreclosureresearch.com/2010/05/locked-in-foreclosure
'Strategic defaulter' says it's the 'in-thing' to walk away from your mortgage. http://bit.ly/bAL3mM #
New magazine re-design of our site. Check it out: http://foreclosureresearch.com/ #
TAKE OUR POLL! Is voluntary foreclosure (or walking away) ok? http://bit.ly/bbmz5F #
New blog post: Poll: Are Non-hardship Strategic Defaults OK? http://bit.ly/bCh9cu
9:18 AM May 12th via Twitter Tools
New blog post: Foreclosure Movie

Locked in Foreclosure
Keith Sadler of Stony Ridge, Ohio barricaded himself and six others within his residence early last week in protest of his recent foreclosure. Days prior his home of twelve years had been taken back by the bank at auction.
Sadler and a group of friends and family members hunkered down for five nights in the foreclosed home but on the sixth morning were met by a police stand-off. Two hours later all seven were arrested and charged with obstruction of justice and trespassing. …