Keely's Broker Blog

Finally!

Someone's getting it right!

He's Back (Again)

With the buyer on Ed McMahon's home having backed out recently (sounds as though he didn't have financing, a cheap attempt at publicity perhaps?) means the Donald has stepped back in to purchase Ed's house while allowing him to stay on as a tenant.  Donald could probably use the good press.

Word on the blogs is that Ed may thereafter be featured as a participant on the next "Celebrity Apprentice", we shall see!

College Dorms Ain't What They Used to Be!

No that's not a new resort in Vegas or Hawaii, it's a rendering of the new dormitory at Arizona State University, complete with cabana's, tanning, and flat screen TV's.  Incentive to skip class you say?  Well the school believes it will help entice students to their university and I have to agree.  Rents will be at market between $400-$1,000 a month (beer and aloe vera not included).

I'm feeling a sudden urge to complete my MBA studies (poolside), , ,

Umm, WHAT?

Customers at IndyMac Bank Require Police Intervention

Police were called in today to the Encino, CA branch of IndyMac bank where customers were lined up and angrily trying to obtain their account funds.  IndyMac was shut down and taken over by the FDIC and these customers were concerned about getting their money (if and when) back from the bank.

I'm worried about this, with all the trouble WAMU's been having should I move all of my business and personal accounts somewhere else?  While the banks are FDIC insured it could be YEARS before people see their money reimbursed.  Scary.

Do you remember the (similar to this) scene in "It's a Wonderful Life"?

Another One Bites the Dust

IndyMac (my mortgage holder) was closed by the Feds last week and the FDIC will now act as conservator.  Before I start getting calls by IndyMac mortgagees asking if they still need to pay their mortgage, yes indeed you do.  We will all likely get notice about the takeover by mail and other than that, things won't feel at all different.

IndyMac was one of the nation's largest home lenders and was hit hard by foreclosures and short sales.  The firm's questionable liquidity was one of the reasons the Fed acted as they did, as they considered the bank a risk to investors and tax payers alike.

Real Estate Agent Killed by Angry Client

Follow me here:

In Massachussets a man bought a home a few years ago for one total, then later went to sell and found that his property value had declined past the total amount that he bought it for.  He was so upset he went to his agent's office, distracted the man with some paperwork, then held a .22 to the agent's temple and shot him dead.

He was immediately arrested at his ex son in law's home. 

Innovation or ????

http://florence.en.craigslist.it/vac/725787925.html

Has it really come to this?  I refuse!!