25 Million Dollar Bounced Check Part Of Bigger Fraud?
Published Wednesday, July 05, 2006 by Real Estate Pro.As Solomon Dwek repeatedly promised to pay PNC Bank for what it says was a $25.2 million bounced check, the real estate mogul attempted to transfer at least $40 million in properties, most to an apparent relative, according to public records.Only 11 of 53 transfers went through, and they are in jeopardy because of an order issued by Superior Court Judge Alexander D. Lehrer that froze Dwek’s assets until at least Friday.
Tagged: [existing_link:a8480152456367ae0ac947514c2f446b]
25 Million Dollar Bounced Check Part Of Bigger Fraud?
Water, Water Anywhere
Published Wednesday, May 17, 2006 by Real Estate Pro.Median home prices are also a lot lower than in nearby Sedona - about $325,000 in Flagstaff, she said, which is roughly the Sedona entry price. For example, in Mountain Home (population 11,100), tucked deep into the Ozark Mountains, second homes made up only 10 percent of the market three to five years ago, but today it's 15 to 20 percent, said Rodney Wagner, the principal broker and owner of the Mountain Home Real Estate Company.
Tagged: New Jersey
Water, Water Anywhere
Elegant eyesore
Published Sunday, May 14, 2006 by Real Estate Pro.How often do you get realtors using the word "eyesore"? Basically, this is the crappiest house on the street, so don't book a visit unless you are prepared to have your neighbors look down on you as the local poor folks. Moreover, the realtor is implying that unless you renovate this wreck, you will be embarrassed to be here. I wonder how the owners of all the other stately homes on the street feel about having a polluted wreck as a neighbor.
Tagged: New Jersey
Elegant eyesore
Media Hype?
Published Saturday, May 13, 2006 by Real Estate Pro.While helping my colleague Peter Coy report for the week?s cover story on Buyer(and Seller) Beware: How to Navigate An Anxious Housing Market, I was stuck by the number of realtors I spoke to who were convinced that the cooling housing market was partly due to the?overblown, media hype.?
Some of these realtors I spoke to were looking to blame the inevitable cyclical nature of real estate on something.
Tagged: [existing_link:a8480152456367ae0ac947514c2f446b]
Media Hype?
Migration Patterns in U.S. Show Move to South, West
Published by Real Estate Pro.Between 2000 and 2004, the South saw a net migration of 1.4 million, mostly in the South Atlantic states of Delaware, Maryland, the District of Columbia, Virginia, North Carolina, South Carolina, Georgia and Florida. The Northeast, and in particular the Mid-Atlantic states of New York, New Jersey and Pennsylvania, saw a net loss of nearly 1 million between 2000 and 2004.
Tagged: New Jersey
Migration Patterns in U.S. Show Move to South, West
25 Million Dollar Bounced Check Part Of Bigger Fraud?
Published Friday, May 12, 2006 by Real Estate Pro.As Solomon Dwek repeatedly promised to pay PNC Bank for what it says was a $25.2 million bounced check, the real estate mogul attempted to transfer at least $40 million in properties, most to an apparent relative, according to public records.Only 11 of 53 transfers went through, and they are in jeopardy because of an order issued by Superior Court Judge Alexander D. Lehrer that froze Dwek’s assets until at least Friday.
Tagged: New Jersey
25 Million Dollar Bounced Check Part Of Bigger Fraud?
"I'm not selling below our current asking price." Oh, yes you will...
Published by Real Estate Pro.Maryam Safai's 5,000-square-foot, five-bedroom colonial in Mahwah, New Jersey, has been on the market for a year, even after three reductions in asking price. ``I'm not going to give in to the market,'' says Safai, 44, a dentist. ``I'm not selling below our current asking price'' of $1.69 million. They're generally not business people, generally not educated in supply, demand, pricing.
Tagged: [existing_link:a8480152456367ae0ac947514c2f446b]
"I'm not selling below our current asking price." Oh, yes you will...
Make Way for The Next Generation of Trumps
Published Sunday, April 30, 2006 by Real Estate Pro.ET April 23, 2006 NEW YORK - Donald Trump hand picks apprentices on his popular television series, but the true apprentices - the ones destined to lead the Trump Organization - have much closer ties to the boardroom. They are Donald J. Trump Jr., 28, and Ivanka M. Trump, 24, and they are slowly carving out a role in their famous father's real estate business while fashioning their own identities. They know the children have Trump's attention.
Tagged: New Jersey
Make Way for The Next Generation of Trumps
Zeroing in on Zillow
Published Thursday, April 20, 2006 by Real Estate Pro.Rascoff says Zillow has expanded the number of homes for which it offers estimated values by 5-10% since its launch, and is trying to make the estimates more accurate as well. But Rascoff says Zillow has not yet done the testing to know whether there's been any improvement in this key stat: When they launched, Zillow believed its technology could get the value of 62% of homes tested accurate within 10%.
Tagged: New Jersey
Zeroing in on Zillow
Who Wins: Discount Brokers or Six Percenters?
Published by Real Estate Pro.As far back as 2004, the smartest realtor I know told me he wouldn?t pay IAC for client leads because RealEstate.com referrals were always for buyers, and he had all the buyers he needed. The much more ominous thing for highly paid brokers is that now nearly a quarter of buyers, according to the head of one discount brokerage I interviewed, buy a specific home they found online themselves.
Tagged: New Jersey
Who Wins: Discount Brokers or Six Percenters?
Idle realtor nominated to the overvalued hall of fame.
Published by Real Estate Pro.Here is a somewhat unremarkable wreck from New Jersey. So how much effort do you think the realtor put into the write up for this PoS. Here are some of her recent awards: Circle of Excellence: Platinum Award - 2005, Gold Award - 2003- 2004: Silver - 2002 (NJAR)Prudential Sales Award: Top of the Rock - Diamond 2005; Gold 2003 - 2004; Realtor of the Year, 1999 - ACCBOR. Maria, you can add one more, you are in the overvalued realtor hall of fame.
Tagged: New Jersey
Idle realtor nominated to the overvalued hall of fame.
Nice Ass
Published by Real Estate Pro.Why I own donkeys. When I got back from the hardware store this morning, I planned to write a column explaining why somebody from New Jersey who'd never seen a donkey in the first half-century of his life now owned three
Hanging out with a bunch of Crabs in Kenya
The invasion of red crabs on Christmas Island
Tagged: New Jersey
Nice Ass
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Last posts
- 25 Million Dollar Bounced Check Part Of Bigger Fraud?
- Water, Water Anywhere
- Elegant eyesore
- Media Hype?
- Migration Patterns in U.S. Show Move to South, West
- 25 Million Dollar Bounced Check Part Of Bigger Fraud?
- "I'm not selling below our current asking price." Oh, yes you will...
- Make Way for The Next Generation of Trumps
- Zeroing in on Zillow
- Who Wins: Discount Brokers or Six Percenters?