What's Hot on HousingWatch This Week
1. Rapper Chamillionaire Loses Houston Home to Foreclosure
Best known as a 1-hit wonder for "Ridin' Dirty" (inspiration for Weird Al's brilliant riff, "White 'n Nerdy"), the Houston-based rapper / businessman has decided to "give [his house] back to the bank" instead of continuing to make payments on a property he's "never at". Groan. Read more.
2. San Francisco Condo: Short Hop to Giants' Ballpark, $1.8M
Peep this stunning Bay Area condo that's within foul-ball range of San Francisco's AT&T park, home to MLB's Giants. The gorgeous 2-bedroom, 2-bathroom home features several hard-to-find features (in city-center San Franciso, anyway) such as two private rooftop decks, a solar spa, and a 1-car garage. Play ball! Read more.
3. Stephanopoulos Settles for $1M Less on Georgetown Home
Former Clinton advisor turned TV political correspondent George Stephanopoulos has taken a $1 million loss on his Georgetown mansion. The property sold for $5.45 million to real estate investment trust director Alan Adler, who is moving in this summer as Stephanopoulos and family move to NYC to be closer to his Good Morning America gig. Read more.
4. Frank Lloyd Wright's Ennis House in Los Feliz, Now $7.495 million
Here's your chance to own a piece of architectural history: L.A.'s Frank Lloyd Wright-designed Ennis house is on the market, and has just been reduced from $10.5 million to $7.5 million. As if the home itself isn't priceless art treasure enough, it also houses a rare Wright-designed glass mosaic. Read more.
5. Federal Mortgage Mods: Fannie and Freddie Bail Out More Borrowers
If you found yourself in the lucky-but-not position of not being quite bad off enough to qualify for the federal HAMP program, you might have a second chance for some help. Fannie Mae and Freddie Mac are both rolling out loan modification programs that could help distressed borrowers stave off foreclosure. Do you qualify? Read more.
6. Foreclosures Fall as Banks Streamline Process
The latest happy headlines about foreclosure rates may actually have some substance this time. Numbers are still depressingly high, but a strengthening job market seems to be freeing up some consumer dollars to go towards mortgage payments. It may not be time to count chickens just yet, but all signs point to recovery. Read more.
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