Asking price for former MLB slugger's Beverly Hills home drops to $23.5 million.
Barry Bonds made millions crushing fastballs into McCovey Cove for the San Francisco Giants, but it was roughly six hours south of the Bay Area where the retired slugger opted to make a huge real estate splash in 2002. More than a decade later, baseball’s home run king now looks to cash in on the Beverly Hills, Calif., property he purchased for $8.7 million.
Bonds began shopping the massive 17,100-square-foot mansion in January. The slugging outfielder had hoped to bank a cool $25 million for the home; however, after languishing on the market for about 11 months, the property recently hit the multiple-listing service for $1.5 million less, at $23.5 million.
If you think Tony Stark’s house would cost a lot to buy, try living in it for a year. We figured out his bills, and they're super expensive.
Back in May, we donned our shiniest red-and-gold attire and dared to put a sticker price on the home of Tony Stark, aka Iron Man. At the time, we valued his palatial pad in Malibu, Calif., at a cool $117.2 million — but that was only for the luxury of owning this fictitious cliff-top property.
After rewatching "Iron Man 3" recently, I was reminded of just how incredible his mansion is and how amazing it would be to live like Stark does. Then it hit me: As astronomically pricey as it is, simply buying his home wouldn't be the end of the expenses involved in living like Iron Man. No, there'd be all sorts of expenditures involved on a monthly and yearly basis, from property taxes to the water in his pool.
Time to lock and load? The average rate for 30-year fixed-rate mortgages was 4.5 percent on Monday.
Flat screens and espresso makers? No, it turns out that consumers should have been buying mortgages on Cyber Monday. By the end of the day, the average rate on the commonly used 30-year-fixed mortgage was 4.5 percent, its highest point since mid-September, according to Mortgage News Daily. It was 3.36 percent a year ago.
"Investors are hesitant to move lower in rates ahead of the important data coming up throughout the week, and most importantly on Friday with the employment report," said Matthew Graham, chief operating officer of MND.
'Qualified mortgage' regulations, which take effect in January, also would've prevented 25 percent of loans that haven't defaulted.
Nearly half of all mortgage defaults from the housing bust might have been prevented by forthcoming consumer-protection regulations, but another 25 percent of loans that didn't default might not have been made, according to an analysis by economists at Goldman Sachs.
The Goldman analysis tries to quantify the impact of the forthcoming "qualified mortgage" regulations, which were part of the 2010 Dodd-Frank financial-regulatory overhaul. The law changed lending rules so that mortgage lenders are legally responsible for ensuring a borrower can repay a loan. The Consumer Financial Protection Bureau was tasked with writing rules for a "qualified mortgage" that lenders could make that would automatically satisfy the new ability-to-repay mandate.
A number of surprises can mess up your claim payment.
Weather-related home insurance claims can be a whole separate ballgame from other home claims.
"Weather losses are always more complicated because you've got thousands of people experiencing losses at the same time. These events are taxing on the entire community, whereas if you have one loss, such as a water main break in your building or a fire loss, as devastating as it may be to the homeowner, they still have access to necessary things such as hotel rooms, lawyers, insurance agents, etc., " says Ron Papa, president and CEO at National Fire Adjustment Co. in Buffalo, N.Y., a public insurance adjuster firm.
The agreement resolves all outstanding claims on loans sold to the government-sponsored enterprise by Bank of America through 2009.
The bank will receive credits of $13 million for loans already repurchased from Freddie Mac and for other adjustments. The agreement covers 716,000 loans originated by Bank of America from 2000 through 2009.
Bank of America had previously settled Freddie's claims on loans sold to the government-sponsored enterprise by Countrywide Financial, which the bank purchased in 2008.
RealtyTrac says short sales comprised 5.3 percent of October home sales, down from 11.2 percent in October 2012.
Short sales, which occur when a home's sale price is less than the total of the outstanding mortgages secured by the property, made up 5.3 percent of all sales in October, according to RealtyTrac’s monthly foreclosure report. That’s down from 6.3 percent in September and 11.2 percent in October 2012.
As part of a digital push to share its data, the U.S. Census Bureau is offering a new mobile app, dwellr, to help you decide where you should move.
The number of Americans willing or even able to change residences dropped dramatically during the recession, but now that housing is in recovery and home equity is returning, more may be considering a move. So where should they go? There's an app for that, a new one from the U.S. Census Bureau.
Dwellr, which launched this week, mines the considerable data of the Census and marks a new step in the government agency's digital transformation to make its information more accessible to the public.