Auction Block: Would You Like to Own a Prime Piece of Clint Eastwood's Tehama?

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, August 19, 2011, by Sally Kuchar In the 1960s, actor Clint Eastwood starting shelling out dough for plots of land in Carmel that eventually became a development project known as Tehama. Shoot forward to today, and fancy folks are more than willing to write a check for several million dollars so that they can snag a slice of Tehama and call it (vacation) home. Especially celebrities! They love it there. But not all is good in ultra swank Tehama. One of the area's prime lots—a 15.4-acre hilltop building site—is hitting the auction block. The property was previously listed for $3,450,000, but will be auctioned off with an opening bid of just $1,750,000. Local brokers are concerned that this will put a damper on Tehama's reputation for being a magnet to the rich. They'd prefer the seller, Gateway co-founder Norman Waitt, to wait it out and go through what they believe are the proper channels to secure a sale. Unfortunately for them that doesn't seem too likely, as the property is fit to go to auction on August 31. Do invite us over for a picnic.
· Tehama Carmel [official site]
· Auction Prompts Concern at Eastwood’s Carmel Development [WSJ]
· Carmel Auction [Sheldon Good & Company]
· Snag a Piece of Clint Eastwood's Wild West at August Auction [Curbed National]

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Prime Time: Hudson City Bancorp Non-Performance Q1 2011

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The Country's Most Expensive 'Hoods: Seven prime blocks of NYC's Upper...

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, March 4, 2011, by Sarah Firshein

? Back to top

? Previous: "Victory For Interior Design" in Florida

? Next: Photographer Resurrects and Redecorates Mom's '60s Dollhouse

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Ticking Prime Bomb!: Fannie Mae Monthly Summary December 2010

The Latest release of the Fannie Mae Monthly Summary for December indicated that for data through November, total serious single family delinquency continued to declined though at a notably slower pace than in recent months.

In November, 3.42% of non-credit enhanced loans went seriously delinquent while the level was 10.54% of credit enhanced loans resulting in an overall total single family delinquency of 4.50%.

The following charts (click for larger ultra-dynamic and surf-able chart) show what Fannie Mae terms the count of “Seriously Delinquent” loans as a percentage of all loans on their books.

It’s important to understand that Fannie Mae does NOT segregate foreclosures from delinquent loans when reporting these numbers.

Labels: economy, fannie mae, fredddie mac, housing collapse

Copyright © 2011
PaperEconomy Blog - www.papereconomy.com
All Rights Reserved

Disclaimer

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On the Market: The Country's Best High Schools Offer Prime Real Estate to Match

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Monday, January 31, 2011, by Rob

In this country, one of the perennial desires of family-oriented homebuyers is a prime school district. The best of the best offer talented students the chance to thrive and penny-pinching parents the opportunity to save some cash on private school tuition. That said, real estate in the most favored districts often fetches a premium. So when we set out to find a house within the purview of each of the top five high schools in the country, it wasn't surprising when the results included some primo listings. When you're saving up to $35K a year per kid on tuition, that should leave plenty of cash left over for the house, right? Well, not when you're shelling out $9.5M for a riverfront brick colonial. That's how much this 12-acre property in Virginia's Fairfax County is asking (above). Then again, the buyer will be getting a lot more than just potential enrollment for the little brainiacs in the Thomas Jefferson High School for Science and Technology, the country's No. 1 public high school according to U.S. News and World Report. The 7,200-square-foot main house features six bedrooms, five bathrooms, a swimming pool with a pool house, pre-war craftsmanship, and direct access to the Potomac River. Yes, of course there are cheaper options, but proud parents deserve some swanky digs, too.

? Five hundred miles from the rolling hills of Virginia, Bloomfield Hills, Mich. is home to the International Academy, No. 2 in the U.S. News ranking. Traditionally called home by the wealthiest Detroit-area residents, Bloomfield Hills features demanding schools and some familiar architecture, including this $2.95M "exact replica of Westover," a sprawling Virginia plantation." Let's hope that tradition of plagiarism doesn't carry over to the classroom.

? Next, we head out to the relatively anonymous SoCal community of Cerritos, home to No. 3 Whitney High School. A less rarified town than the frontrunners, it won't take more than a million dollars to score some of Cerritos's prime real estate, like this four-bed, four-bath spread with a classy address on Bogart Circle. Though we're certain ol' Humphrey had little to do with it, this house is still asking almost $900K. Glamorous it's not, but a good choice for the family nonetheless.

? Not far away, in Cypress, Calif., this four-bedroom is one of the priciest gateways to nearby fourth-place Oxford Academy. Though the curb appeal is a bit wanting, the interior is well suited to a growing family. For those raising a large brood—say, six kids—the $720K to be saved on private school tuition brings the price of this $925K home to just $205K. Now, just start convincing the kids to bunk up.

? Finally, near No. 5, TAG Magnet in Dallas, comes the greatest deal of the lot. For $135K, once can score this brand-new 1,400-square-foot home with three bedrooms. Not only that, but it's set to be built to LEED-certified standards. The only potential hiccup is in, well, the building stage. Right now, it's just a Sims-style rendering. Hard to deny the deal, though!
· America's Best High Schools: Gold Medal List [US News]
· 9500 Ferry Landing Court, Alexandria [Washington Fine Properties]
· 1099 Orchard Ridge Road [Real Estate One]
· 18900 Bogart Circle [Trulia]
· 9859 Carrara Drive [Zillow]
· 1115 Claude Street [Zillow]

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Ticking Prime Bomb!: Fannie Mae Monthly Summary November 2010

The Latest release of the Fannie Mae Monthly Summary for October indicated that for data through October, total serious single family delinquency continued to declined though at a slower pace than in recent months.

Although this is a notable development particularly in light of the fact that Fannie Mae’s serious delinquency had been rising for over two years, more data is needed before any conclusions can be drawn as to the trend going forward.

In October, 3.43% of non-credit enhanced loans went seriously delinquent while the level was 10.58% of credit enhanced loans resulting in an overall total single family delinquency of 4.52%.

The following charts (click for larger ultra-dynamic and surf-able chart) show what Fannie Mae terms the count of “Seriously Delinquent” loans as a percentage of all loans on their books.

It’s important to understand that Fannie Mae does NOT segregate foreclosures from delinquent loans when reporting these numbers.

Labels: economy, fannie mae, foreclosure

Copyright © 2010
PaperEconomy Blog - www.papereconomy.com
All Rights Reserved

Disclaimer

View the original article here