Homeowners Says Falling Prices Are Biggest Risk.

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 A More than half of Americans say that a drop in value poses the biggest risk to their homes more so than fires, tornados and hurricanes, according to a survey released this week by Home Value Insurance Company to the 58 percent of the more than 1,000 participants said housing market declines are the biggest risk to their homes, according to the report 15 percent said fire is the biggest risk, 9% said tornadoes and 8% pointed to hurricanes.

For the decline in home values continues to undermine homeowners confidence in the housing market, said Scott Ryles, chief executive of Home Value Insurance Company, an Ohio-licensed insurance carrier, in a news release and the home prices dropped in 10 of the 20 key U.S metro areas last month and prices for single family homes are down nearly 4% from a year ago to a homeowners clearly see the ongoing uncertainty surrounding housing values in fact 48% said that owning a home today isn’t an American Dream it’s an American nightmare to the report 56 percent said they pay attention to home prices in their area those people are twice as likely to monitor home prices than their cholesterol and the survey found.

A Read more real estate news in this week’s pages, including the latest on mortgage rates and foreclosures and a Realty Q&A about changes to the Home Affordable Refinance Program “Declines in home values across the country have caused homeowners to realize that owning a home is not a risk-free investment,” Ryles said and lately, to many, that risk feels much greater than more traditional risks to a house including natural disasters.

US Real Estate

A last few months a number of interesting trends have emerged that point to the rise of the US real estate market as an attractive destination for international investors and quite significantly wealthy Indian investor According to a recent survey by the National Association of Realtors USA, for the 12 month period ending March 2011, foreigners purchased close to 4% of homes in the US to this Indian buyers accounted for 7%.

The Recent data released by the Reserve Bank of India on the pace of overseas remittances by wealthy Indians under the Liberalised Remittance Scheme seems to concur with that trend to data showed doubling, tripling and in some cases, up to 30 times increase in spending on purchase of overseas property, stocks and gifts by Indians in the past five years in reason is perhaps not hard to come by.

Rohit Prakash, President American Full House LLC says, In the last few years property prices in India have risen significantly to a investors who invested at the lows in India have gained from this rise in they are now looking at booking profits and investing in other assets that are available at reasonable valuations in US real estate market is one such avenue where prices are currently at the lower end of the range with potential for strong upside in a addition smaller investors may be hard pressed to find good properties at $100,000 in India very easily today they are quite a few such opportunities in the US.

Real Estate Lawyer Lists

A Mark F. Mehlman and Barbara A. Mehlman have listed for sale a 3 bedroom, 3 bath condo at 9 Windmere Court in Rancho Mirage for $1.149 million and the Mehlmans paid $980,000 for the property in Feb 2006 The 3,768-square-foot unit is part of the Morninside Country Club condo development which was built in 1985 in Edom/Rimlon is located in the Morningside Country Club subdivision of a joel Cohen of Windmere Real Estate is the listing agent for the home.

The mehlman is a partner in the law firm of SNR Denton he is a specializes in real estate law and he was recognized as one of Chambers USA: America's Leading Lawyers for Business, one of the top 100 Super Lawyers in Illinois from 2005 to 2009 and also became part of Lawdragon's 500 leading dealmakers in America to his memberships include the American College of Real Estate Lawyers, the Anglo American Real Property Institute and the American Bar Association where he is a member of the real property and probate section of he received his bachelor's degree from Northwestern University and his LL. B. from the University of Michigan.

MLS and Association Online Real Estate.

A face of North America changes into a multi-cultural melting pot, so does the real estate online forms business instanet Solutions, Inc., one of the leading online forms providers for major MLS', associations and real estate boards has just completed a major translation initiative that makes their online forms available in Spanish, French, and, of course, English and the reality is that our customer base is growing rapidly, and the need for perfect translations of important real estate forms is imperative, stated Steve Mapes, VP of Sales and Marketing of Instanet Solutions, the parent company of Instanet Forms.

They are Our customers serve a large number of Spanish and French speaking clients, especially as the company continues its rapid expansion in diverse multi lingual communities in instanet Solutions was recently awarded the Centris contract for online forms a centris provides technology services to 15,000 real estate brokers in Canada, representing the largest French-speaking population in North America Eric Charbonneau, Centris' CEO, said, We are very excited about our Instanet partnership, and we look forward to delivering this innovative platform to our brokers in both French and English.

First American Audit on Michael A. Eddings Real Estate Law

The title insurance company auditing the Columbus real estate law firm of Michael A. Eddings found “inappropriate transfers of funds” from an escrow account and “manipulation of records” in an initial investigation, according to new court documents and the 1st American filed court papers Monday in Muscogee County Superior Court trying to compel the law firm to provide banking and accounting records in ongoing audit in company also wants a court order preventing in the firm from tampering with records.

A information is vital to 1st American’s determining where the missing funds were transferred as well as the extent of its exposure and potential for recovery, Jeffrey H. Schneider, an attorney for 1st American, said in the filings in the defendants have refused certain requests for documentation and to make available certain computer and bank information necessary for the completion of the audit to based on “admissions” by Eddings’ wife, Sonya, “1st American has serious concerns that the evidence in this case is already being manipulated and altered,” Schneider added.

The Eddings, a well-known attorney and business owner who serves on a number of local boards, said Tuesday he cannot discuss the audit while it’s ongoing to he did, however, say he knows of no criminal investigation involving his finances in eddings closed his firm temporarily at the onset of First American’s audit and he said Tuesday the firm is now conducting business “except for mortgage-based transactions to has told real estate agents he was suspended from closing transactions during the audit.

Lake Las Vegas Homes for Sale

A Lake Las Vegas Homes for Sale May Be the Best Bargain in America for Luxury Community According to LasVegasRealEstate.com and the Lake Las Vegas real estate market rebounds with small gains as buyers rediscover what may be one of the most overlooked luxury home communities in America. According to reports from LasVegasRealEstate.org, homes for sale in Las Vegas are at a 5-year high with the best deals in over 20 years.

The Lake Las Vegas homes and condos for sale may be the most overlooked community for real estate investors due to location to tucked away in a picturesque canyon 17-miles from the Las Vegas Strip is a large 320 acre man-made lake in the Lake community is surrounded by a European-style local village with shopping, casinos, three golf courses, restraunts and some of the best real estate bargains for luxury homes and condos in America.

To recent sales trends, home buyers and investors may want to buy now as the lowest priced units have recently going under contract with most being all-cash buyers for the 90-Days ago in August of 2011, Las Vegas real estate agent Ashley McCormick published an article predicting that Lake Las Vegas would start to re-emerge as the buyers drawn to the affordable Las Vegas real estate prices became educated about the area.

The McCormick was training for a triathlon which allowed her to swim the lake, bike the community and run the trails at that time Lake Las Vegas condos for sale were starting at $39K, as of the writing the lowest price is $53K to this prime luxury community has become a haven for individuals and families who want to enjoy the shopping, entertainment and state of the art health care of Las Vegas and the yet enjoy a unique luxury resort community.

Real Estate Brokers to Tackle Black Housing Issues Forum plans to Help Stop.

A Black community has always faced a unique set of housing-related concerns and the National Association of Real Estate Brokers, Inc (NAREB) is hosting a State of Housing in Black America Issues Forum (SHIBA) in Atlanta, Georgia to this weekend to help the Black community get a handle on the issue and there are a lot of things that have occurred in the Black community relating to the housing crisis that many people simply are not aware of said, NAREB President Julius Cartwright.

That's why we are anxious to share all of our research data, and have a productive dialogue with the public in that people will understand the ongoing impact of a mortgage fall out in Atlanta and in other communities across the nation to our ultimate goal is to offer solutions that will empower people to make informed decisions that will preserve and protect the legacy of our neighborhoods and community to the NAREB’s concerns are backed by cold, hard facts. According to U.S Census Bureau data, in 2010 national homeownership among African Americans hovered at only 45 percent in compared to a white homeownership rate of 71 percent.

Furthermore, the Center for Responsible Lending estimates that among recent homebuyers, nearly 8% of African-Americans have lost their homes to foreclosures, compared to 4.5% of whites in Atlanta, specifically, a city that is 54 percent Black, one area measuring just 1.7 miles has a startling foreclosure rate of 40 percent in addition to interactive discussions and town hall-style meetings with industry professionals, as well as local and national political and community leaders, the event will feature an address by Rev. Dr. Otis Moss, Jr., Pastor Emeritus of the historic Olivet Institutional Baptist Church in Cleveland, Ohio, who will offer an historical perspective on the mortgage crisis in minority communities.

More Than 1 in 4 Homeowners 'Underwater' as U.S. Housing Market Continues To Sink New Report From The Real Estate Website.

@ Rate of new foreclosures up to over 10% a month

@ The percent of late mortgage payments in 3rd quarter rose for first time since the end of 2009

Nearly 30 percent of American homeowners owe more on their mortgages than their homes are worth, according to a new report from the real estate website Zillow and the defaults and foreclosures are likely to increase as homeowners decide to walk away from their houses to rather than continuing to make mortgage payments on property they can't sell or refinance, analysts said.

The Forecloses are already twice what they were this time last year and the number of homeowners who have not made a mortgage payment in at least two months rose for the 1st time since 2009 in uncharted waters to more than one in four homes underwater and about 9 percent unemployment is a recipe for more foreclosures, Zillow chief economist Stan Humphries told MSNBC.com and the increase in the number of houses underwater from 21 to 23 percent a year ago is the result of a backlog in foreclosures, Humphries said.

Last year, banks were accused of foreclosing on houses by 'robo-signing' the paperwork and zillow also found that home values continued to drop, down 4.4 percent from this time last year for a gainsville, Fla., Mobile, Ala., and Rano, Nev., had the biggest declines to foreclosures on delinquent mortgages have almost doubled from this time last year, according to the latest reading from Fitch Ratings that is almost double the historical lows from a year ago, and is close to the 14 percent average rate between 2000 and 2010.

Mumbai’s US consulate

The Indian real estate market may be going through a bit of a slump lately, one wealthy property owner who has recently come on hard times is hoping to make big bucks from one of Mumbai’s most exclusive properties in who’s the lucky seller? Uncle Sam and the US State Department is set to sell an estimated $300m worth of prime real estate in Mumbai as it moves to a new multimillion dollar, 10-acre complex further north in the city at the end of this month.

The September, ads inviting bids for the properties appeared in the Times of India between an advert for hair loss treatment and an article on illicit after-hours drinking, according to Reuters are over the last month or so, reports have surfaced that call into question not only the Americans’ ability to sell one of the two properties, to their very ownership of the land in the 1st place in moving to its new home and the Americans may have stumbled into that oldest of Indian traditions, the property dispute.

Lincoln House consular and other services, sits on the Arabian Sea in Breach Candy, near the expat dominated Breach Candy Club, with its massive pre-partition India shaped swimming pool and outwardly colonial if not wholly unpleasant air (the story goes that it once sported a “No Dogs or Indians” sign out front) to built in 1938 by the Maharajah of Wankaner, in the 90,000 sq ft mansion was sold to the US government in 1957 on a 999  year lease with demand for US visas skyrocketing in recent years and with Mumbai growing as a commercial hub, the consulate needs to move to a bigger location.

The American Based National Association Of Realtors (NAR) Launches International Real Estate Website.

International investors can now explore a unified real estate search website run by the American-based National Association of Realtors (NAR) and Move, Inc and they are while Canadian investors can get a glimpse of a wide variety of properties in the U.S, Europe and Brazil with the newly launched website, Canadian properties are not included.

A NAR said nearly 2.6 million international visitors searched for U.S real estate alone on Realtor.com, with Canadians leading the list, followed by visitors from the United Kingdom, Germany, Australia and India international site, www.Realtor.com/International, launched last week for the site will not only allow Realtors to expertise and knowledge to a broader knowledge to bring buyers and sellers on a more global scale, said NAR President Ron Phipps and the foreign buyers understand the value of owning a home in the U.S. and can rely on a Realtor because of a global perspective and understanding of different cultures and real estate practices, he said.

collaboration with Move.com is just one of many ways Realtors can expand and grow to business globally With Canadians leading the surge in U.S. purchases by foreign buyers, much of the sales focus has been on warmer, coastal states recently and the NAR said Arizona, California, Florida and Texas accounted for 58% of all U.S residential transactions completed by international buyers for the visitors to the NAR site can search properties for 11 countries in 11 languages to long with the U.S. and Brazil, the site offers listings for France, Italy, Portugal, Romania, Spain, Slovakia, Bulgaria, Croatia, and Serbia to listings range from the multi-million price range to some homes for well under $10,000 for the simple search variation allows prices to be listed in Canadian dollars.

United Real Estate Announces Opening of Chicago Office & Company Offers Innovative Brokerage Model for Agents to Use Internationally.

The United Real Estate announced the company will be expending its reach in the Midwest with the opening of a Chicago office at 1 Mid America Plaza, Oakbrook Terrace, Ill United Real Estate – Chicago will operate as part of a United Real Estate and the united uses an innovative brokerage “Freedom Model” in combines a comprehensive suite of support tools with an agent-friendly 100-percent commission program to industry leading support system was uniquely developed over United's 86 years of operation in order to maximize to the quality and the assistance provided to its 4,000 affiliated agents.

The company intends to finalize commitments for exclusive territory rights for an additional 11 domestic and foreign urban markets in the next 12 months for the united is the only international real estate company offering this innovative brokerage model to investors and agents in both the United States and abroad and the way United Real Estate approaches the delivery of the real estate brokerage model is unlike any other.

The United’s research concluded that agents were often forced to compromise; trading essential services and support or paying excessive desk fees in order to retain 100 percent of their earned commission dollars to avoid those compromises, United has invested tens of millions of dollars over the past few years to create a proprietary and highly effective bundle of unique marketing, technology and support services by already having this proven and established infrastructure in place, United is able to leverage its proven programs and systems at a minimal incremental cost and a cost advantage that is directly passed on to agents and their customers.

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