Gay Real Estate News | Gay Realtor Headlines | GayRealEstate.com

O.J. Simpson, the 64-year-old former football star, is facing foreclosure on his Miami home while he serves a prison term in Nevada. Simpson purchased the 4,233-square-foot, four-bedroom, four-bath house in 2000 for $575,000, according to media reports. The home’s assessed value now stands at $478,401, the Associated Press reports. Simpson was convicted of kidnapping, armed robbery, among other charges, from a 2007 confrontation with sports memorabilia dealers in Las Vegas. He is serving a nine to 33-year prison sentence in Nevada. Simpson was acquitted in 1995 of killing his ex-wife […]

Home and condo sales for metropolitan Detroit inched up 2.2% in 2011 as the second half made up for a slow first six months, according to local multiple listing service Realcomp. Sales last year rose by about 1,000 to a total of 51,531 homes and condos over 2010 figures. The city of Detroit, however, saw home sales decline 8.4% to 6,457 in 2011. The average median sales price for metro Detroit also dipped, nearly $1,000 to $66,896, from the year prior as prices ticked up 0.6% to $9,568 in the […]

Mortgage servicers are putting more failed Home Affordable Modification Program trials through foreclosure than they were one year ago. According to Treasury Department data released last week, 10.6% of the more that 615,000 canceled HAMP trials completed the foreclosure process as of Nov. 1. That’s more than double the 4.4% of failed HAMP trials foreclosed on as of November 2010. While foreclosures are increasing, alternative modifications on these loans are dropping. Of the canceled HAMP trials, 39.7% went through the bank’s own private programs, down from 45.4% over the same […]

Amanda Wilson, a real estate agent for Esslinger Wooten Maxwell in Fort Lauderdale, offers five predictions for the housing market in 2012: • Buyers will be busy. South Florida sales were strong in 2011, despite sluggish national numbers. Economic conditions and consumer sentiment will continue to improve during this election year. • Foreclosures will increase. Analysts are concerned about the “shadow inventory” — homes that ultimately will go on the market for sale because the owners are in default or foreclosure. • Prices will soften. More foreclosures will drag down […]

Hi – My partner & I moved from NYC to Essex County, NJ for more space and most importantly to have a nice yard for our 2 daughters. It’s so easy to get in to NYC via the mid-town direct. 

I have over 17 years of Negotiating & Business experience in order to help you achieve your goals. Before working in real estate, I ran the US Operations for an Asian fashion/ textile/ garment manufacturer traveling throughout the world.

NEED MORE SPACE?
WANT A BIGGER YARD?
READY TO DOWN SIZE?
LOOKING TO RELOCATE?
INVESTMENT PROPERTIES?

Please […]

RealtyTrac Inc., announced this week that more than 75,000 residential and commercial properties were taken back by banks since the beginning of 2007 in Palm Beach and Broward counties. A few hours later, CondoVultures.com came out with its own report: in excess of 94,000 properties in the two counties were repossessed during the same period. Both firms say they get their information from public records. What gives? Seems they have different definitions of repossession. RealtyTrac, an Irvine, Calif.-based foreclosure listing firm, said it doesn’t count a repossession if a third […]

They offer yields so lofty they’re likely to fall. But mREITs may still have potential for investors. As bond, CD, and money market interest rates remain mired at rock-bottom levels, investors continue their quest for dividends. One category offers eye-popping yields: mortgage real estate investment trusts, or mREITs (which are required to pass most of their income to shareholders via dividends). Chimera Investment and American Capital Agency each yield more than 19%. And the largest mREIT, Annaly Capital Management — which we’ve recommended before– offers a 15% payout. Are these […]

Bank risk professionals believe Americans who are over leveraged on mortgage, student loan and credit card debt remain a risk to the broader economy, according to a FICO report. FICO drew that conclusion from a fourth-quarter survey of bank risk professionals conducted by the Professional Risk Managers’ International Association. Of those surveyed, 47% of risk managers say they expect mortgage delinquencies to rise, while 13% believe delinquencies will fall. FICO says that’s more pessimistic when comparing 4Q survey results to the previous quarter. Student debt also remains a concern, with […]

Although 2011 was among the slowest years ever for single-family construction starts, observers say builders across the country are preparing to commence work on new developments. The National Association of Home Builders’ Chief Economist David Crowe says 2011 starts came in around 425,000, down from the previous low of 442,000 in 2009, with declines in consumer confidence helping to pinch the number of groundbreakings. According to Census data, single-family homes account for just 2.3 percent of the 9 percent increase in starts in November. Meritage Homes CEO Steve Hilton does […]

COMPARE AGENTS!!! 28 YEARS EXPERIENCE!!! 
2005 Westchester County Realtor of the Year! 
*2010 Westchester Magazine 5 Star Agent – Independent Survey. 

KEVIN O’SHEA * 2006-8 V.P. Westchester Putnam, MLS

KEVIN O”SHEA * 1991-2008 Panelist/Chair/Mediator for Professional Standards, Ethics & Arbitrations. 

KEVIN O’SHEA * 1987/2010 Instructor for N.Y.S. Licensing Course, Computer Courses and orientation and Ethics for Real Estate Salespersons and Brokers – 

KEVIN O’SHEA * 2004-5 Vice President Westchester County Board of Realtors.(WCBR)
2001-3 Vice President Westchester/Putnam MLS
2003- Member Strategic Planning
2001 Vice President Independent Real Estate Network 
2000/1-4/5 Chairman – Internet Computer […]