Archive for July, 2009

Vlog: What a loan modification does and does not do for you

In this week’s vlog, I talk to real estate broker and attorney Tara-Nicholle Nelson about how homeowners who are struggling to make their mortgage payments can get their loans modified and avoid foreclosure.

You’ve heard about extending the loan, converting an ARM to a fixed rate mortgage, and reducing the interest rate, but what about loan forgiveness? Will the lender write off all or part of your loan? Do you need to hire a company or can you work directly with your lender and do it yourself?

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Get more tips and advice about the loan modification process:

UnReal Estate: Casino mogul Steve Wynn bets on $25 million sale of Manhattan condo

steve-wynn-home-for-sale-living-roomLas Vegas visionary Steve Wynn’s Manhattan home is just as luxurious as the world-class resorts he builds.

The mind behind such Sin City landmarks as the Bellagio, Wynn and Encore has listed his seventh-floor condo at 817 Fifth Avenue (at 63rd Street) for $25 million. Furniture included.

Wynn reportedly paid $7 million for the unit in late 2000, but made some extensive renovations. The 3,500+ square foot luxury home features nine rooms, including a master suite and bath fit for a billionaire like Wynn.

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The original living room, formal dining room and library were combined to form one massive living area and media center.

The unit has a new formal dining room and a state-of-the-art electronics system. And check out the breathtaking views from those windows — beautiful Central Park and New York City.

See more pictures of Wynn’s home for sale in the Sotheby’s International Realty listing on FrontDoor.com.

Nashville home of NFL star Steve McNair on market for $3 million

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NFL fans are mourning the loss of football great Steve McNair, who was tragically killed on July 4.

The former quarterback of the Tennessee Titans and later the Baltimore Ravens was found in a Nashville condo he rented, shot dead, along with his 20-year-old girlfriend Sahel Kazemi. Police ruled McNair’s death a homicide and are investigating the case as a possible murder-suicide.

According to reports, the then-married McNair had planned to divorce his wife. The couple had listed their 9-bed, 9.5-bath mansion in the Green Hills neighborhood of Nashville for $3 million.

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The 14,000+ square foot home in Woodmont Estates features 26 spacious rooms, vaulted ceilings, a theater room, pool, sauna and hot tub/spa.

See more pictures of the inside and outside of this 1.33-acre estate in the listing on FrontDoor.com.

Perhaps a die-hard Titan fan will find value in walking the halls McNair once did.

Vlog: Mortgage pre-approval 101 and summer updates to heat up your home value

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In this week’s vlog, find out why it’s important to get a pre-approval before you go house hunting. Some curious homebuyers will check out an open house or two before actually evaluating their financial situation, but this is actually one of the top 10 homebuying mistakes that can cost you.

Plus… Backyard. Outdoor kitchen. Outdoor living room. Pool. Deck. Find out which summer season home updates pay off when you sell.

Buyers Beware: Top 10 Home Buying Mistakes That Can Cost You

credit-application-approvedWith the flood of first-time buyers and bargain hunters in today’s real estate market, your friends at FrontDoor.com want to remind ALL homebuyers out there to do your due diligence.

Don’t get so caught up with finding a steal that you forget the basics!

In this month’s Top 10, we break down the 10 most costly mistakes buyers commonly make and offer some valuable tips.

Check it out:
Top 10 Home Buying Mistakes That Can Cost You
www.frontdoor.com/top10

Buying a home is a big deal, but it should also be a fun experience. By making smart decisions, your buyer’s thrill won’t become buyer’s remorse.

Happy house hunting!

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