Frederick Cooper Harris III, 43, of Wilmerding, PA., has posh taste in real estate.  Perhaps too posh, considering it just landed him in a great deal of trouble.
After viewing a $500,000 property with a real estate agent, Harris decided it would be a good idea to move in without the owner’s permission.  It turned out to be a remarkably bad …

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. …

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. …

According to a recent 60 Minutes episode an increasing amount of homeowners are ‘walking away’ from their homes and are headed down foreclosure alley- willingly. Apart from the more traditional foreclosure woes spurred by job loss, or illness these homeowners would rather foreclose due to underwater mortgages despite their ability to make payments.
In a separate Reuters article, underwater mortgages have increased from 21.4 percent in Q4 2009 to 23.3 percent in Q1 2010. In areas hard hit by foreclosure underwater homes account for more than 50% of all loans.
Interviewer Morley …

In the midst of foreclosure reports touting the worst of the real estate market meltdown, one article seemed to stray away from the pack. Published on March 2, 2009 on The New York Times Web site, the article headline reads, “Foreclosure Rates Aren’t Really That High…”
While many would say otherwise, the fact that the article was such a departure from the usual doom and gloom warranted a further look. According to the article by Catherine Rampell, a new study out of the University of Virginia states that foreclosures …

With the year coming to a close, many companies and researchers are eager to predict the outcome of the 2009 market. With the economy hovering in a state of uncertainty, the upcoming New Year is on everybody’s mind. Real estate especially has seen a tumultuous year with the rise and fall of foreclosure rates, although the industry has seen more increases than decreases.
Foreclosure listing companies have offered a variety of foreclosure statistics throughout the year. Some reporting more accurate numbers than others, but all in all giving their representation …