What's Hot on HousingWatch This Week

WIth attractive financing on foreclosed homes, newly reduced prices by owners across the country, and a $150 million mansion hitting the market, it might just be the right time for you to buy! See what else was hot on HousingWatch this week.

Fannie Mae to Sell Foreclosed Homes With Subprime Lending Terms
Low-down-payment mortgage deals aren't necessarily a thing of the past: if you're willing to put a little sweat equity into an "as-is" foreclosed home, you might be able to score a bargain. Read more.

Sellers Cut Prices on 50% of Homes
With stats showing a spike in list price reductions, you'd think buyers would be moving in for the proverbial kill right now. So why isn't housing inventory moving more quickly? Read more.
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3. Aaron Spelling's Mega-McMansion Listed for $150M -- a World Record?
If your current home only has two dedicated gift-wrapping rooms, it might be time to upgrade to Candy Spelling's California McMansion, which features three. See the other ridiculous details when you read more.

Ex-Rapper Vanilla Ice Flips Houses in Florida
Reinventing himself once again, the rapper formerly know as Robert Van Winkle is now flipping houses in South Florida. Never one to shy away from the spotlight, he'll be showcasing his skills as the start of his own show on the DIY Network. Read more.

Real Estate Magazine Publisher Teeters on the Brink
In the wake of many popular "shelter" magazines folding in the last few years, the original shelter mag is fighting to avoid bankruptcy. See what's in store for the free and ubiquitous Real Estate Book when you read more.

Tiger Woods' Former Mistress Buys NYC Condo With Settlement Money
The most famous fame-hungry of Tiger Woods' long list of mistresses has put some of her $10 million worth of hush-money to good use, picking up a NYC condo to use as an investment property. Read more.

Still trying to decide which is right for you? Here are some AOL Real Estate guides to help you no matter whether you choose to buy or rent:

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