Celebrate!

HAPPY FOURTH OF JULY!! Aapex Financial would like to wish everyone a happy and safe holiday.

Celebrity Real Estate For Sale - 50,000 Square Feet!

As stated in our previous post, luxury real estate is on the ups. Naturally, this means luxury property owners are taking advantage of the thriving market and putting their places up for sale in hopes that now will be the time they will get purchased. Here are a few well-known sellers with luxury properties on the market:

• The Beach Boy's Mike Love: $5.9 million Tuscan style home in Pebble Beach, CA

• Ryan Phillippe: $6.9 million zen inspired home in the Hollywood Hills

• 50 Cent: $9.9 million 48,515-sq-foot Connecticut home

Luxury Real Estate Market Is On a Roll

The debate continues, is the real estate market picking up or not? Well, new statistics from NAR and the U.S. Department of Housing and Urban Development show that the luxury real estate market buyers have really gained back confidence and have began putting serious money down on properties.

Overall, exsiting homes priced at $1 million or more have seen a 17 percent increase in sales when comparing April 2012 to April 2011. The Miami market has seen a 16 percent increase in sales over the first quarter and New York's luxury market has seen a rise in condo purchasing.

Have your own luxury real estate success story? Let us know about it by leaving a comment!

Foreclosure Can Be Valid Without Holding the Mortgage Note

New foreclosure updates from the state of Massachusetts highest court - a foreclosure can be valid even if the foreclosing entity does not have the mortgage note but as long as they have proper authority to act on behalf of the note holder. This new decision was made by the MA Supreme Judicial Court, overturning the lower court.

The entire basis of this recent decision by the Supreme court started with a foreclosure law case at the lower court level between Fannie Mae and Henrietta Eaton of Rosindale, MA. Eaton's claim was that Fannie's foreclosure lacked validity as they were not holding the note of her property or the proper authority to act on the foreclosure. This is believed to be a step forward for homeowners as it will put more due diligence on the servicer and allow homeowners to understand who exactly owns their home loan.

View the court case Eaton v. Federal National Mortgage Association

Real Twitter Success Stories

By now we are almost all social media believers, well almost all of us. One of the most misunderstood social media channel is Twitter. People find it hard to comprehend how a measly 140 character blurb can gain any true potential of a lead. Here are a few real Twitter success stories to prove it:

• Tim Ayers, Realtor - Sooke, BC
• Wins 3 clients from one simple Tweet
• Jay Thompson "Phoenix Real Estate Guy" - Phoenix, AZ
• Top RE professional ranking on top of the Real Estate blogs
• Uses Hootsuite to set up alerts for the words "moving" and "Phoenix" in order to offer polite advice to newcomers and gain their business
• Kurt Opray, homeowner - California
• Sold his CA bungalow for a whopping $1.05 million using tweets along with videos and blog/website postings