WordPress Hit by Second Virus Attack

by John TayebMarch 8, 2011 Real Estate in New York

WordPress, the most popular blogging platform, was struck by a second attack within two days late last week, which prevented many users from accessing some of its 18 million hosted blogs. On Friday, WordPress suffered a second “extremely large” distributed denial of service (DDoS) attack, which makes a site unavailable to its intended users via [...]

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Wealthy Buyers Re-emerge in Real Estate

by Tayeb Realty GroupMarch 8, 2011 Housing Market News Update

The rich have returned to the real estate market and are taking advantage of big bargains in luxury homes. Sales of million-dollar homes and condos increased last year in all 20 major metro areas — with some cities seeing an 18.6 percent increase in high-end home sales, according to DataQuick Information Systems. The increase follows [...]

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Modern Single-Family Home: The Calem-Rubin Residence by David Jameson

by John TayebMarch 7, 2011 Home Decor Ideas

Originally constructed in 1939, the Calem-Rubin Residence received a contemporary look from David Jameson Architect Inc. The house was transformed from a colonial style brick building into a modern single-family residence. Situated in Bethesda, Maryland, the Calem-Rubin Residence covers an area of 4,700 square feet. The client wanted to live in a modern house and [...]

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BofA Pilots Program to Lower Mortgages

by Tayeb Realty GroupMarch 7, 2011 Foreclosures

Arizona, Nevada, and California are among the states that have proposed using federal aid money to have Bank of America lower the amount struggling borrowers owe on their mortgages. Bank of America Corp. will begin the mortgage principal reduction program for customers in Arizona, as part of a pilot program in using the federal aid [...]

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Committee Votes to End 2 Housing Aid Programs

by John TayebMarch 7, 2011 Foreclosures

Republicans in the House Financial Services Committee voted Thursday to end two foreclosure programs that they argue haven’t done enough to help struggling home owners. One program at risk is aimed at helping borrowers who owe more than their homes are worth to refinance into 30-year fixed rate mortgages backed by the Federal Housing Administration, [...]

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4 Red Flags That Send Buyers Running

by Tayeb Realty GroupMarch 7, 2011 Real Estate in New York

How you present a listing online and the words you choose to describe it may be turning off some buyers. Bankrate.com recently asked real estate professionals to weigh in on what listing red flags are turning off their buyers. 1. No photos. “One red flag in many buyers’ eyes is the lack of photos for [...]

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More Americans Confident About Home Ownership

by Tayeb Realty GroupMarch 2, 2011 Housing Market News Update

Americans are more confident about the stability of home prices than they were at the beginning of 2010, according to Fannie Mae’s latest national housing survey, conducted between October 2010 and December 2010.. And when it comes to home ownership, younger Americans are particularly optimistic, the survey finds. Nearly 80 percent of all respondents, including [...]

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Addicts Snatch Drugs From Homes for Sale

by Tayeb Realty GroupFebruary 3, 2011 Real Estate in New York

Addicts are posing as home buyers and cleaning out medicine cabinets in homes for sale, according to recent police reports. “It’s commonplace – more common than you think,” Detective Dennis Luken, vice president for the Ohio chapter of the National Association of Drug Diversion Investigators, told the Cleveland Plain Dealer. “It’s everywhere.” In one recent [...]

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Dems Want Bankruptcy Mediation for Home Owners

by John TayebFebruary 3, 2011 Foreclosures

Senate Democrats think bankruptcy judges are the perfect fit for the job of overseeing negotiations between troubled borrowers and lenders. Senate Democrats are asking Congress to encourage the development of state-level programs that would put bankruptcy judges in charge of the negotiations. Sen. Sheldon Whitehouse (D-R.I.) introduced a bill that would give courts the authority [...]

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Fed Averts Final Call on Foreclosure Rule

by Tayeb Realty GroupFebruary 3, 2011 Foreclosures

The Federal Reserve said it will no longer push ahead on a controversial proposal that would impact home foreclosures. Instead, the central bank will leave the decision to the new Consumer Financial Protection Bureau, which debuts in July and will oversee the truth-in-lending law. The Fed had proposed a rule that would make a key [...]

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