ST. PAUL, Minn. -
French real estate market is quite complex compared to other countries (many different real estate agencies with no central directory and database of proposed latest offers on the local market, many direct owners selling their property or apartment through different channels like internet, magazines, or just local network). So looking for a property can be an exhaustive task requiring a lot of time, energy, expertise and frustration, especially for those leaving in a different location and/or not knowing the local real estate market.
Many individuals are therefore looking into modern services of a property finder, taking advantage of local knowledge and the contacts a property finder has available to them.
Dedicated real estate search services is definitely the way forward for people leaving abroad or with too busy agenda, leaving no space for the time and travel required to search for a property.
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Mircea Voskerician, a real estate developer who had owned the rights to property adjoining Zuckerberg's backyard in 2012, had planned to start construction on a new mansion, according to court documents. Instead, Voskerician offered to sell his interest in the land so the Facebook (FB, Tech60) CEO could gain more privacy.
Zuckerberg opted to buy the rights, offering about $250,000. Voskerician rejected that deal. After receiving a $4.3 million offer from another developer, Voskerician met with Zuckerberg's financial advisors.
That's when things got messy. At the meeting, Voskerician says he offered Zuckerberg a discount, in exchange for introducing him to his Silicon Valley network of friends and associates and providing referrals to help boost his business.
In the end, Voskerician says he agreed to sell for $1.7 million "plus [Mr. Zuckerberg's] promises of personal referrals and business promotion activities" -- promises Voskerician claims Zuckerberg hasn't kept.
Zuckerberg's attorneys say there were never any concrete promises made, and Voskerician is using "extortive" measures, according to a Bloomberg report.
If the agreement was made, one could say that a vote of confidence from one of the world's biggest tech leaders is worth almost $3 million.
A trial date in a California state court is scheduled to be set next month. Facebook and an attorney representing Voskerican did not respond to requests for comment.
Clarification: An earlier version of this story said that the developer had sold the property to Mark Zuckerberg. In fact, he had sold his rights to buy that property.
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CNNMoney (New York) February 10, 2015: 6:00 PM ET
NEW YORK, Wed Jan 21, 2015 7:04am EST
Homes are seen for sale in the northwest area of Portland, Oregon March 20, 2014. Would-be buyers risk being crowded out by the run-up in home prices and mortgage rates over the past year.
Credit: Reuters/Steve Dipaola
NEW YORK, (Reuters) - Applications for U.S. home mortgages rose last week as mortgage rates continued to slide, bringing activity to a 17-month high for a second straight week, data from an industry group showed on Wednesday.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 14.2 percent in the week ended Jan. 16.
The MBA's seasonally adjusted index of refinancing applications jumped 22.3 percent to 2,746.1.
The gauge of loan requests for home purchases, a leading indicator of home sales, dipped 2.5 percent after reaching its highest level since September 2013 earlier this month.
Fixed 30-year mortgage rates averaged 3.8 percent in the week, the lowest level since May 2013, down from 3.89 percent in the previous week.
The survey covers over 75 percent of U.S. retail residential mortgage applications, according to MBA.
(Reporting by Luciana Lopez; Editing by Leslie Adler)
What do you do when someone dies and leaves you an estate you can't afford to maintain?
My mom had life insurance, but only enough to cover her burial. I am now stuck with her farm which was appraised at 470.000, even though much of the place is literally falling down (it was built in 1856)---I would need to invest at least 20,000 to repair the place enough to bring it up to code, and even if I did... show more
My mom had life insurance, but only enough to cover her burial. I am now stuck with her farm which was appraised at 470.000, even though much of the place is literally falling down (it was built in 1856)---I would need to invest at least 20,000 to repair the place enough to bring it up to code, and even if I did that, I don't think I'd be able to find a buyer due to the fact that the property taxes were 14,000 last year. I own a small house, totally paid for, taxes/etc. I'm 800.00 per month. I have a master's in teaching English & have been applying for positions for months, no success, and no one will hire me for a minimum $ job because I'm so overqualified. I'm 54. Do you think the mortgage bank would just...take my mom's house to save me from having to pay for it? The mortgage is 2000.00 per month, utilities 200.00, + 1166.00 for escrow...I'm already on food stamps! What should I do?
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