* Subprime CDO Losses Could Reach $52 Billion, Credit Suisse Says [Bloomberg]
"Losses from bonds secured by U.S. subprime home loans may reach $52 billion amid rising foreclosures on the mortgages, analysts at Credit Suisse Group said."
* Florida Foreclosure Future Shock [CNN/Money]
"A tidal wave of foreclosures may be heading toward Florida, if you judge by the number of homeowners looking to get rid of their homes as fast as they can."
* Steer Clear of Landmines When Investing Using IRA [Realty Times]
"The IRA market is a multi-trillion-dollar industry of which experts say approximately two percent is invested in real estate and other nontraditional investments. Using your IRA to buy real estate is becoming increasingly more popular, but it opens the possibility of dangerous and costly mistakes if you don't know what you're doing."
Handling Home Titles and Divorce [Washington Post]
"DEAR BOB: I divorced more than 25 years ago. My ex-husband and I held title to our home together. Because he didn't show up in court, the judge ordered my husband to quitclaim our property to me. But he never signed the quitclaim deed. My attorney said it wasn't necessary because of the judge's ruling in the divorce decree."
* Recourse for Buyers Who Find Faults in As-Is Home [Real Estate Journal]
"Question: I am 28 and purchased a home "as is" in May. As I was doing some upgrades, I had the city inspect a power-panel upgrade. The inspector noticed the garage conversion and a covered patio that didn't receive city permits. These were built before I purchased the house and I was not told of the permit issues."
* Credit Score Revamp Won't Halt Mortgage Fraud, Expert Says [Market Watch]
"Steps being taken to prevent borrowers from "piggybacking" on someone else's credit records won't stop the practice, at least not right away, according to some mortgage market professionals. And even when it does, they worry other schemes to defraud lenders are likely to take its place."
* Housing Above Retail: When It Works, When It Doesn't [The Ground Floor]
"Concentrated, mixed-use development offered in a pedestrian-friendly environment is often described as the best way to accomomodate growth and conserve land. In fact, mixed-use seems to have reached almost "silver bullet" status as a tool to combat sprawl and traffic congestion."
* No Housing Bottom in Sight - Barron's [Seeking Alpha]
"Summary: Bulls see a housing bottom, but the glut caused by homebuilder overbuilding should prolong the downturn."
* Greening My Condo [Fresh Aire]
"Quick! Think of an “environmentally-friendly home.” What image came to your mind – a single-famiy house with lots of trees, right?"
* Condo Sales: Chase Point [DC Home and Condo Prices]
"Researching information for this posting caused me to Google a famous line that kept rattling around my head:"Let me tell you about the very rich. They are different from you and me." F. Scott Fitzgerald, "Rich Boy" (from "All the Sad Young Men")"
* Base Realignment Traffic Fixes Unlikely: Army [DC Examiner]
"Shortfalls in funding could prevent needed road improvements from being put in place before 22,000 new military jobs move to Fort Belvoir, the U.S. Army acknowledged in an impact statement on the move released on Friday."
* Seeking Condo-to-Rental OK, $ Offered to Build Arts Center [FCNP]
"Atlantic Realty officials responded this week to growing public pressure to offer some compensation in exchange for the City of Falls Church’s permitting the conversion of 231 for-sale condos to rentals at its giant Pearson Square mixed use project now under construction. They formally offered Monday to contribute $100,000 in design and build-out costs of the “flex arts space” at the site they’ve offered to the City for reduced rent."