(basykes)

If You Have $100M To Spare, Michael Jackson’s Neverland Ranch Could Be Yours

If you don’t know who Bubbles the Chimpanzee was, you should probably just stop reading now. For the rest of you who may have a spare $100 million burning a hole in your pocket, Michael Jackson’s famed Neverland Ranch is on the market under a new name. [More]

Why Builders Are Tearing Down Old Suburban Houses And Replacing Them

Why Builders Are Tearing Down Old Suburban Houses And Replacing Them

I was recently alarmed to see a modest-sized house in my neighborhood demolished to make way for a much larger residence that straddles two lots. I shouldn’t have been surprised to see that house knocked down: it was a two-bedroom, one-bathroom home built during the Great Depression taking up space in a wealthy suburb, and the real estate market won’t stand for that. The little house’s demolition fits with a nationwide pattern: older suburbs are turning over. [More]

Sears To Sell $300 Million In Property To Joint Venture With Mall Owner Macerich

Sears To Sell $300 Million In Property To Joint Venture With Mall Owner Macerich

A few weeks ago, Sears Holdings announced that it would be starting a joint venture with mall operator Simon Properties. This new company would buy Sears stores, then lease them back to the company in an effort to raise some quick cash and keep the company’s retail operations retailing. Now Sears has announced a similar deal with another mall owner, Macerich Properties. [More]

(Chris Rief aka Spodie Odie)

Owner Finds His Rental Home Has Been Rigged To Explode At The Flip Of A Switch

Talk about nightmares: The owner of a house that he’d been renting out had a close call recently when an inspection revealed that the place had been rigged to blow up when a light switch was flipped. Because that kind of intricate wiring isn’t a mistake, police are now investigating. [More]

(frankieleon)

Woman Wants To Back Out Of Buying House Saddled With $400K Debt, Blaming Winning Bid On Diet Pills

Feeling like maybe you shouldn’t have splurged on that shirt when you’ve already got a bunch like it already in your closet is one thing, but deciding you’d rather not own a home you purchased is an entirely other category of buyer’s remorse. A Florida woman is blaming her winning bid on a home that comes with a $400,000 debt on it on diet pills, saying they caused her to become confused. [More]

(FlyinAce2000)

Maine Innkeeper Who Won 210-Year-Old Inn With An Essay Is Offering Potential Owners The Same Chance

If you’ve ever dreamed of owning your own country inn, tucked away somewhere in Maine with all that entails, you don’t need a huge bank account or a surprise inheritance from a distant relative to make that dream come true: The owner of a 210-year-old inn in Maine is offering up the place for just $125 — to the person who submits a winning essay. [More]

(stevendepolo)

Woman Convicted Of Stalking Couple Who Outbid Her On House Says Losing Dream Home Was “Devastating”

In a twist on the old haunted house tale, a couple in San Diego found themselves haunted by the ghost of a woman in their present, who was convicted of stalking them after they won a bidding war over a house. Though the woman says she didn’t intend do to any harm, the loss of her dream home was “devastating.” [More]

(Spidra Webster)

New Homeowners To Pay Less For FHA Mortgage Insurance

In the wake of the devastating crash of the housing market, the U.S. Dept. of Housing and Urban Development was forced to increase mortgage insurance premiums for borrowers with loans insured by the Federal Housing Administration, effectively stopping hundreds of thousands of potential homeowners from climbing the property ladder. With the market stabilizing, HUD is rolling back most of that rate increase for new homeowners in the hope that it will spur more borrowing. [More]

Sears Holdings Ponders Forming A Real Estate Trust, Selling Stores To It

Sears Holdings Ponders Forming A Real Estate Trust, Selling Stores To It

Two things are true about Sears Holdings: the company owns a lot of stores, and those stores are not selling enough merchandise. In order to raise some cash, in the last year the company has spun off its best quality clothing brand, sold shares in its Canadian subsidiary, borrowed money from its CEO, and taken on some roommates. What’s next? Selling some of its stores and leasing them back. [More]

(ash)

Man Buys Foreclosed House, Finds Decomposed Previous Occupant

Earlier this week, a man won a foreclosure auction in Cape Coral, Florida. He stopped by yesterday to check out his new purchase, a pink house with metal bars on every window. Neighbors hadn’t seen the previous occupant in a few years…because she had moved away. Or so they thought. The house’s new owner found a very decomposed body inside. [More]

(Corey Templeton)

For Sale: Cemetery Plot. Slightly Used

When you move away or need cash, it’s a good idea to get rid of any local property that you no longer need or want. For some families, that includes the deeds to unused cemetery plots in faraway graveyards. Or slightly used cemetery plots. [More]

(News.au)

Family Sells Home For $140K More After Agreeing To Include Their Cat In The Deal

How much would someone have to pay you to part with your favorite feline companion? Perhaps no amount of money could pry Mr. Whiskerworth van Hugglebottom from your loving arms, but the $140,000 offered to one family to include their cat in a real estate deal is proving pretty darn tempting. [More]

(Tina Kugler)

Woman Claims A Stranger Stole Her House Using A Fake Deed, Moved In

You can’t pick it up, shove it in your jacket and walk away with it, but a house can still be stolen, it seems. A senior citizen in New York says an ex-convict faked the deed to her family home in Queens and moved in, effectively stealing her house. [More]

(iDiapo)

Man Desperate To Sell Home Will Accept An iPhone 6 For It

With a house languishing on the market in Detroit, one homeowner who claims he paid way too much in 2010 — $41,000 — is so desperate to unload the property, he’s willing to give it up for a song. Let me clarify: This “song” comes in a white box and makes phone calls, connects to the Internet… Okay, it’s an iPhone 6, and that’s all he’s asking for. [More]

The Trump Plaza Hotel & Casino in Atlantic City closed on Sept. 16.

Trump’s Name Coming Off Failed New Jersey Casino

Because the Trump name can only be associated with quality real estate and crass, cash-in reality shows stocked with F-list celebrities vying for one last chance at fame, Donald Trump has apparently succeeded in having his name removed from at least one of two sinking Atlantic City casinos. [More]

(jenni waterloo)

Indiana Woman Lived In A House For Eight Years Without Ever Having To Pay For It

The luxury of not having to pay rent or a mortgage payment every month might seem like some kind of fever dream, obtainable only by those scant few who make the rest of us uncomfortably jealous, but one woman in Indiana managed to pull it off not just for a few months or even a year — but for eight years. [More]

Study: Housing Market Poised To Lose $83B This Year Because Of Consumers’ Student Loan Debt

Study: Housing Market Poised To Lose $83B This Year Because Of Consumers’ Student Loan Debt

Back in February we reported that student loan debt was preventing some first-time home buyers from entering the housing market. Now a new study aims to put a price tag on those missed opportunities for the real estate world. [More]

Zillow Likes The Zestimate On Rival Site Trulia, Puts In Offer Of $3.5 Billion

Zillow Likes The Zestimate On Rival Site Trulia, Puts In Offer Of $3.5 Billion

If you’ve got $3.5 billion lying around, you could buy just about any house you wanted. Or if you’re online real estate site Zillow, you just use that money to buy your competition. [More]