Hollywood Hills Home of Kara DioGuardi Listed for $1,649,000

March 5, 2010
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The Spanish-style home in the Hollywood Hills of the creative songwriter and “American Idol” judge, Kara DioGuardi, is listed on the market for $1,649,000.

The gated house that was built in 1964 has city and canyon views, wood-beamed ceilings, extensive decks, an outdoor cedar sauna and a spa. There are three bedrooms and 3 ½ bathrooms in more than 2,700 square feet. The guest unit has its own entrance, living room, kitchen and bathroom.

DioGuardi who is 39 of age joined the panel of the Fox singing competition in 2009. She has written hundreds of songs, including more than 165 on multi-platinum albums, and worked with Celine Dion, Gwen Stefani, Christina Aguilera,…

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Filed Under: Celebrity Real Estate, Luxury Real Estate, Real Estate

More Affordable Home Buying Through Low Rates

March 5, 2010
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The results of the Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.97 percent with an average 0.7 point for the week ending in March 4, 2010, down from last week when it averaged 5.05 percent is released. Last year at this time, the 30-year FRM averaged 5.15 percent.

The 15-year FRM for this week averaged 4.33 percent with an average 0.7 point, down from last week when it averaged 4.40 percent.

The 5-year Treasury-indexed fusion adjustable-rate mortgage (ARM) averaged 4.11 percent this week, with an average 0.6 point, down from last week when it averaged 4.16 percent. A year ago, the 5-year ARM averaged 5.08 percent.

The…

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Filed Under: Lenders, Mortgages, Real Estate, Real Estate Investment

Live the Life of King Edward VII at Rangemore Hall

March 4, 2010
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Have you ever wished you live the life of King Edward VII? Live in his luxury house is all you ever wanted? Check this out.

The luxurious Edward VII Wing at Rangemore Hall in Burton-upon-Trent, England, has been listed for sale at £2.5 million or about $3.8 million, the London Daily Mail reports.

It was built for the Bass family of brewing fame, Rangemore Hall’s owner Lord Burton constructed the wing for a visit from King Edward VII, known as “Dirty Bertie”, and his bride Queen Alexandra in 1907.

At 12,000-sq.-ft. it is far larger than the Hall itself, and the features include a one-bedroom flat attached to the wing by a hidden…

Ex-Texas Broker Sentenced for Mortgage Investment Scheme

March 4, 2010
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Houston, Texas – David Isaac Lapin is a former broker connected with the failed Premiere Holdings of Texas LLC that has been found guilty and sentenced to prison for failing to disclose a crime to authorities and covering up material facts from investors. Lapin pleaded guilty on February 16, 2010, to criminal information charging him with misprision of a crime.

He was sentenced to 36 months in federal prison without parole and fined $60,000 in connection with the operation of Lapin and Wigginton Asset Management, a subsidiary of Premiere Holdings LP – a real estate investment program. Lapin and co-defendants, attorney Ted Russell Schwartz Murray and Jeffrey Carl Wigginton Jr., were…

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Filed Under: Lenders, Mortgages, Real Estate, Real Estate Fraud

The Top Five Tips for Green Architecture

March 4, 2010
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Going “green” is all the rage and it is no wonder. The benefits of being environmentally aware transcends to saving the planet in unexpected ways. By being “green” we often see instant benefits by the money we save. The use of “green architecture” when building and remodeling is no exception.

Find the top five tips for green architecture below:

1. Recycled materials

There are no limits to the recycled materials that can be used in green architecture designs. Domesticated wood can be used for flooring, trim and exposed wood ceilings. Recycled rubber tire chips can be used in landscaping. Even broken glass fragments are being used inside walls for insulation.

2. Solar panels…

Krista Vernoff and Kevin Maynard Listed their Los Feliz Home for $1,995,000

March 4, 2010
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The television writers Krista Vernoff and Kevin Maynard have listed their Los Feliz home for $1,995,000.

Their Los Feliz home is designed for entertaining; the 1947 contemporary recently underwent a $300,000-plus renovation. The open floor plan connects the living room, an informal dining area with seating for 16 and the updated kitchen. The home features five bedrooms, five bathrooms and a media room in 4,355 square feet. An outdoor living room centers on a fire pit. The swimming pool has a solar-heating system.

Vernoff is an executive producer and head writer for ABC’s “Grey’s Anatomy” (2006-present), for which she won a Writers Guild of America award. She is credited for making a…

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Filed Under: Celebrity Real Estate, Real Estate

Development Rehab for Vintage Hotels

March 4, 2010
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Plans are in progress to breathe new life into two infamous Alberta buildings – the King Edward Hotel in Calgary and the York Hotel in Edmonton. While neither is considered architecturally noteworthy, both cities aim to wrap inner-city development around these restored commercial properties.

In both cases, there are economic reasons behind the decision to restore these older buildings, rather than wreck and replace with newer, bigger facilities.

Built along the 9th Avenue’s “whisky row” in 1905, the plain, blue-collar King Edward Hotel managed to move away from the wrecking ball, even as more historically valuable Calgary buildings were reduced to rubble.

The King Eddy lived on, developing a remarkable national reputation in…

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Filed Under: Real Estate

Higher Purchasing Power Through Previously Owned Real Estate

March 4, 2010
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The phrase “one man’s loss is another man’s gain” is true to the present economic situation. Unfortunately, many people have lost jobs, been laid off, had salaries slashed and the likes. One of the major aftermaths of this current situation has been the foreclosure of a larger number of homes. Undoubtedly, this is very tragic for the individuals who have suffered this loss, but it is also a bright spot for people who are looking to purchase a home.

What is a real estate owned property? It is a property owned by some sort of lending institution such as a mortgage company or a bank that was not able to be…

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Filed Under: Lenders, Mortgages, Real Estate, Real Estate Investment

A Man Sentenced in Fraud Scheme to Acquire Mortgage Loans

March 3, 2010
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Rosemount, Minnesota – Eric Jason Sunsdahl was sentenced in federal court in connection with a scheme to acquire mortgages and funds fraudulently from a bank in Inver Grove Heights, Minnesota.

Sunsdahl was sentenced to 24 months in prison on one count of bank fraud. He was charged on April 21, 2009 and pleaded guilty on September 9, 2009.

Sunsdahl admitted that on April 29, 2005, he caused Bremer Bank to create a home equity line of credit in the amount of $100,000 based on a fraudulent loan application. His scheme to defraud Bremer Bank, conversely, spanned from 2004 through 2007 and included $726,210 in loan proceeds.

In that period, Sunsdahl was employed as…

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Filed Under: Economy Crisis, Lenders, Mortgages, Real Estate, Real Estate Fraud
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