Flipping Homes is back, according to the LA Times’ Alejandro Lazo. In a front page story on April 24, 2010, the newspaper reported that the opportunistic investors are snapping up foreclosures (just like the ones you find on RealtyStore.com), then flipping them for big profits. Flipping, if you don’t know, is defined as homes resold within three weeks to six months of purchase.

It's March, and as spring fills the air, realtors everywhere breathe a sigh of relief and prepare for a more hopeful market. Spring brings out both buyers and sellers, and the increased activity also tends to bring a little bouyancy to home prices. But while pundits everywhere herald the end of the real-estate crisis, some U.S. markets are wrestling with seriously grim foreclosure numbers. 

For the savvy foreclosure investor, these markets represent a heavy concentration of great deals, highly motivated sellers and terrific profit opportunity.

Santa Barbara October 31, 2009 -- RealtyStore, the nation's leading provider of foreclosure listings, released its year-to-date California Foreclosure Report for 2009.

RealtyStore recorded 485,574 Notices of Default (NODs) statewide for the first three quarters of 2009, a 34% jump from NODs recorded in the same period in 2008. Since an NOD is filed by the lending institution when a homeowner falls behind on mortgage payments, NOD filings serve as an indicator of homeowner financial distress in each region.

Kanye West is somewhat infamous for his ego. So when photos of a mural in Kanye's Los Angeles house showed up on the web, there was some speculation that the mural was of "Kanye as God."

This rumor is debunked in a Celebitchy post.

This 2 bedroom/2bath 966 sq. ft. condo sits just a short distance from Disneyland's main parking lot. A bit more walking and you're on the Pirates of the Caribbean ride! Can you imagine entertaining your friends from out of state with a huge world-famous amusement park practically in your backyard?