If it walks like a scam and talks like a scam. . .

When a proposal walks or talks like a scam, it ain’t a duck.

It’s a scam.

And scams rear their ugly heads all too often in the world of real estate.

Mortgage fraud won’t surprise you as one kind of scam.  In the good old days when lenders were all too happy to provide liar loans, few were the self-employed individuals and their lenders who didn’t inflate income.

Then there are the real estate brokers, lenders and appraisers who conspire Continue reading

Our northern neighbors seem to share our wishes

The news is hardly earth-shattering that what Canadians prefer in condos isn’t so different from buyers in the Lower 48.

But like folks in U.S., they have somewhat varied priorities, depending on where they live.

As reported in Realty Times, a survey by TD Canada Trust says good Continue reading

Weekly Roundup: Manhattan sales pace up, condo prices rise, inventory is tight, rates hit another new low, consensus on recovery is developing

Townhouse where Weather Underground dwelling was destroyed in bomb explosion is listed for $10.9 million

Mystery buyer pays $90 million for Midtown penthouse at One57, breaking price record for an NYC condo

Entering a tall-buildings race, New York could have 6 of the 10 tallest buildings in the country by 2016

Majority of respondents prefer smoke-free living in the city

Madison Square’s commercial identity has in places ceded to residential character in recent years

Developers now show reluctance to offer incentives to purchasers of condos

Asking prices, sales zoom in Continue reading