“We Are Not Interested in the Possibility of Defeat”
- Queen Victoria

Hi everyone! I know this isn’t the norm of a ‘real estate related’ post, however, there is one great gal going on a 3 Day Breast Cancer Walk.

1. Check out Amanda’s blog by clicking here (you will find a donate button) and..
2. Click play below to find out more about the walk!

To donate – click here.

Secret phone calls being made by federal regulators to determine if Credit Suisse has pulled the remaining life line of a credit line from Lehman? Found this from a Great Site – “Your Mortgage or Your Life” about Lehman Brothers…yet another 800 pound gorilla stumbling hard in these times.

From the Financial Times:

“Lehman Brothers, the beleaguered US investment bank, held secret talks to sell up to 50 per cent of its shares to South Korean or Chinese parties in the first week of August but failed to reach agreement with either.

The South Koreans and Chinese walked away after concluding that Lehman was asking too high a price, said New York-based people familiar with the potential buyers. Lehman declined to comment.”

“The talks reflect the growing pressure on Dick Fuld, Lehman’s chief executive, to raise capital ahead of the mid-September earnings report, which, analysts said, could include more writedowns of $4bn (£2bn), bringing the total so far to $12bn. Lehman shares have fallen nearly 85 per cent since early 2007 and its market value is now about $9.5bn.

In addition to the sweltering heat of Las Vegas (can we say 110 degrees….YICHS!) the $400,000 and below housing segment is heated up right now because of ONE thing – FHA with NO MONEY DOWN loans. Huh, you mean the housing crisis and ridiculous sub-prime lending tsunami of foreclosures didn’t make the ‘no money down’ loan disappear as fast as Neo can move in and out of the Matrix? (more…)

Most of you may know that I love using the internet for finding great real estate deals. I’ve just come across one source that must be revealed! One of the ways to buy real estate for pennies on the dollar is through government seized auctions. You can check out a great website listing oodles of real estate bargains by Clicking Here!

I just did a quick search on their website and found a recent sale of a 2 bedroom, 2 bathroom condo in Miami, Florida sold for $17,436! No – that is not a typo!

(more…)