Tuesday, May 31, 2011

My funds from the closed loan #13 have been reinvested in a new hard money loan #18. This one is actually a pretty sweet deal for the borrower. The property is a 4 bed, 2.5 bath two story single family home built in 1979. The property was purchased at auction for $105,000. Our loan is for the full amount. The property is currently occupied. The exterior looks to be in fairly good shape - new paint...
SELLER: Citibank (formerly owned by Nic Cage)LOCATION: Los Angeles, CAPRICE: $2,782,500SIZE: 6,312 square feet, 6 bedrooms, 6.5 bathroomsYOUR MAMAS NOTES: Your Mama knows quite well that many of the children can not bear another spilled thought or diatribe about the seemingly ceaseless real estate woes of financially embattled Oscar winner Nic Cage. But Your Mama, children, just can not seem to steer...

Sunday, May 29, 2011

SELLERS: Ellen Degeneres and Portia de Rossi-DegeneresLOCATION: Beverly Hills, CAPRICE: Rumored to be $49,000,000 and $60,000,000SIZE: BigYOUR MAMAS NOTES: Way back in mid-February 2011 Your Mama relayed the brewing real estate rumor that comedienne and chat show tycoon Ellen Degeneres and her equestrian-minded wife Portia de Rossi-Degeneres wanted to unload the Beverly Hills, CA compound they spent...

Saturday, May 28, 2011

Right on the high heels of the death of actress, icon and dame Elizabeth Taylor the folks at Architectural Digest released a small cache of photographs of Miz Taylor's long-time mansion in the uppity Bel Air area of Los Angeles, CA.Miz Taylor, who surrounded herself with blue-chip artworks, gigantic gems and gaggles of gays, lived and loved in a prosaic but pretty 7,000-ish square foot gated mansion with a guard house manned by an armed and Israeli security staff.This humble and ho-hum home was...

Friday, May 27, 2011

SELLERS: Katy Perry and Russell BrandLOCATION: Los Angeles, CAPRICE: $3,395,000 (list); $3,300,000 (sale)SIZE: 4,706 square feet, 4 bedrooms, 4.5 bathroomsYOUR MAMAS NOTES: Cool your jets and loosen them pin curls now, children. Your Mama is well aware we are inexcusably tardy to this here celebrity real estate party. None the less we feel the need this morning to touch upon the recent and severe...

Thursday, May 26, 2011

SELLER: Troy AikmanLOCATION: Dallas, TXPRICE: $24,000,000SIZE: 10,520 square feet, 5 bedrooms, 6 full and 2 half bathroomsYOUR MAMAS NOTES: Listen chickens, Your Mama knows as much about football as former child actress Lindsay Lohan knows about keeping the po-po out of her business so when we first heard from our Lonestar State-based real estate gossip pal Candy Evans that some Cowboy named Troy...

Wednesday, May 25, 2011

SELLER: Charlie SheenLOCATION: Los Angeles, CAPRICE: $7,200,000SIZE: 7,924 square feet, 5 bedrooms, 7 bathroomsYOUR MAMAS NOTES: Buckle up babies because we're about to take a short ride on the Charlie Sheen crazy train.Last month the unhinged and newly unemployed actor paid $6,99,999 for a 9,020 square foot mansion with 6 bedrooms and 9 bathrooms. The house, oft reported to be where Mister Sheen...

Tuesday, May 24, 2011

BUYER: Sandra BullockLOCATION: Beverly Hills, CAPRICE: $16,190,000SIZE: 8,110 square feet, 7 bedrooms, 8 bathroomsYOUR MAMAS NOTES: High-paid Oscar-winning girl-next-door actress Sandra Bullock (The Blind Side, Miss Congeniality, Speed et al) has bounced back smelling like a sweet rose from the stinky debacle of her marriage to and divorce from cheating chopper customizer Jesse James.Miz Bullock,...
...that New York City-bound sitcom star and rom-com queen Jennifer Aniston is thisclose to putting her Beverly Hills mansion into escrow.Last week we heard from our trusted source Nina Knowsthedirt that Miz Aniston was entertaining at least two offers for Ohana, her recently rehabbed Hal Leavitt-designed digs that she heaved on to the open market about three months weeks with a scorching $42,000,000 price tag. This week we hear from another trusted informant, let's call him Crawzuhdeen from the...
Those of the children who have been hanging around awhile know that Your Mama has a bit of a thing for the saga of reclusive and mysterious American heiress Huguette Clark.Miz Clark, for those of you kids who find her name foreign, was born into a copper and mining fortune, raised in splendor in Montana and New York City mansions, educated abroad and ultimately left with a staggering fortune estimated to be around half a billion bucks. For decades Miz Clark has lived not in one of her several monstrous...
SELLER: Jason StahamLOCATION: Los Angeles, CAPRICE: $2,749,000SIZE: 2,281 square feet, 3 bedrooms, 3 bathroomsYOUR MAMAS NOTES: Your Mama first discussed butch British actor Jason Statham (Lock, Stock and Two Smoking Barrels, Snatch, The Italian Job, 13, Blitz) and his Tinseltown real estate doings during the summer of 2009 when he listed a 2,140 square foot condo at the Broadway Hollywood building...
Mortgage rates across the state are near year-to-date lows, but locking them in this week may be difficult. As Memorial Day nears, and Wall Streeters get a head-start on the long weekends, trade volume in the mortgage bond markets will dip. When bond volume drops, mortgage rates get jumpy. It's a relationship based more on scarcity than actual market fundamentals. It works like this: Conforming and...

Monday, May 23, 2011

Last week Your Mama briefly mentioned that recently deceased Dame Elizabeth Taylor's long-time Los Angeles mansion–in a particularly posh section of Bel Air–had been hoisted on the market with an asking price of $8,600,000.At that time an interweb listing for the approximately 7,000 square foot two-story ranch was not available. Now it is.Listing information for the 1.27 acre estate reveals that...
SELLER: Norwood YoungLOCATION: Los Angeles, CAPRICE: $2,400,000SIZE: 4,832 square feet, 7 bedrooms, 7 bathroomsYOUR MAMAS NOTES: Like Lady Gaga–whose Born This Way album drops today–Your Mama is Speechless over the Los Angeles home of some R&B singer we've never heard of named Norwood Young. Well, okay, not speechless but certainly slack-jawed and all bent out of shape about.Mister Young, according...