REAL ESTATE   Short-sale incentives revamped again BY INMAN NEWS, MONDAY, JANUARY 10, 2011. "Loan servicers participating in the Obama administration's short-sale incentive program are being given more freedom to pay off second-lien holders, but will be held to stricter timelines for approving or rejecting short sales and forbidden from deducting vendor expenses from commissions paid to real estate brokers."   Yahoo Real Estate overtakes Realtor.com BY INMAN NEWS, MONDAY, JANUARY 10, 2011. "Yahoo Real Estate and Realtor.com continue their competitive dance for most popular real estate website. Yahoo Real Estate once again overtook Realtor.com as the most visited real estate-related website in November, according to the latest report from Web metrics firm Experian Hitwise. The report's d... 01/09/2011

I'm sure you're all overwhelmed with information on Sunday's from the web and newspapers, so I'll keep this short. These might be a few things you missed this week.  Thanks for reading.  Kim GOVERNMENT U.S. Subpoenas Twitter Over WikiLeaks Supporters "WASHINGTON — Prosecutors investigating the disclosure of thousands of classified government documents by the anti-secrecy group WikiLeaks have gone to court to demand the Twitter account activity of several people linked to the organization, including its founder, Julian Assange, according to the group and a copy of a subpoena made public late Friday." - NY Times HEALTH SCIENCE More Evidence That Malaria Drug Could Help Combat Cancer, and That Breaks from Treatment Could Improve Results "ScienceDaily (Jan. 7, 2011) — Scientists investigati... 01/09/2011

I told myself not to do an email post on the weekends, but I can't help myself.  I'm a news junkie, I suppose.  I just hope I'm entertaining someone more than myself. ECONOMY Slow Job Growth Dims Expectation of Early Revival "The year 2010 ended on a disappointing note, as the economy added just 103,000 jobs in December, suggesting that economic deliverance will not arrive with a great pop in employment." - NY Times Kevin Glass Unemployment Falls to 9.4% "A larger-than-expected drop in unemployment was announced today to bring the rate to 9.4%. However, as Ed Morrissey points out, this was coupled with a lackluster job-creation number:" - Townhall Floyd and Mary Beth Brown Don't Raise LImit on Obama's Credit Card "Fear-mongering works, why not try again? This must be the thinking behind... 01/07/2011

BREAKING NEWS Mega Millions: Two tickets, one sold in Idaho and one in Washington, matched all six numbers in $355 million jackpot. -CNN REAL ESTATE What's 15.5M?  A piece of paradise according to this article from "Curbed": http://curbed.com/archives/2011/01/04/recent-build-captures-spirit-of-centuryold-brethern.php "Curbed Hamptobs"... What's going on in my own backyard:  http://hamptons.curbed.com/ Real Estate Update from The Big Apple:   http://ny.curbed.com/ "Curbed LA":  http://la.curbed.com/  "Manhattan Real Estate Market Continues Steady Growth, as Sales Perk Up" - The New York Times:  http://www.nytimes.com/2011/01/04/realestate/04market.html?ref=realestate "A New Disclosure Law in New York" - The New York Times:  http://www.nytimes.com/2011/01/02/realestate/02post.html?ref=rea... 01/04/2011

As a potential buyer of East End property, there are certain taxes and closing costs that you should be aware of in advance. Here is a brief summary of those taxes and costs that will generally be paid by the buyer: TAXES ON REAL ESTATE PROPERTY TRANSFERS: PECONIC TAX: Amount 2% of Purchase Price over exempt amount. Generally $250,000 improved property or $100,000 unimproved property. Payor Usually Buyer Technical Name Peconic Bay Region Community Preservation Fund. Caveat Applies to co-ops, condos, commercial and residential real property. MANSION TAX: Amount 1% of purchase price. Payor Usually Buyer Technical Name NYS Transfer Tax/Addition Tax. Caveat Imposed on Sales of $1,000,000 or more – if improvement is or could be used as a residence. MORTGAGE TAX: Amount 0.75% (less $25) of th... 01/03/2011

Claudine De Niro, actor and Montauk resident Robert De Niro's daughter-in-law and a senior vice president of Prudential Douglas Elliman Real Estate, has purchased an East Hampton home with her father for $2.5 million, according to the Long Island Real Estate Report. The five-bedroom, 6.5-bath postmodern is 5,480 square feet. There is a wine cellar. The three-acre property has a heated gunite pool with direct access from the master suite, which features his and her closets. The stone patio also has a spa, a bar area and a pergola. Claudine De Niro's father, Joao DeMatos, used to own a Brazilian restaurant in Roslyn Heights. She is married to Raphael De Niro, the actor's son, who is Prudential's managing director. Prudential's Lynda Packard represented the De Niros. The Corcoran Group's G... 06/25/2010

  Copyright © 2009.  By Rosalinda Morgan, "The Rose Lady".  All rights reserved.. *WORDLESS WEDNESDAY - IRREGULAR PROGRESSION #7 BY SOL LEVITT AT LONGHOUSE RESERVE, EAST HAMPTON, NY* If you are interested in selling or buying a home in Brookville, Muttontown, Oyster Bay, East Norwich, Oyster Bay Cove, Syosset, Laurel Hollow, Bayville, Centre Island and Mill Neck, please contact Rosalinda Morgan, "The Rose Lady".  Ph - 516-385-0584 Email - linda@rosalindamorgan.com Website - www.rosalindamorgan.com   12/02/2009

This is from Bloomberg. Great line from  a broker at Elliman Great line from “The market is in stagnation,” said Paul Brennan, regional director for the Hamptons at Elliman. “If you sell in this market, it’s usually one of the three D’s: death, divorce or debt.” Interestingly, according to the article, high end prices are holding up.  Would you buy a beach house in this market?  Let me know what you think.   By Peter S. Green Jan. 27 (Bloomberg) -- Home prices in the Hamptons, New York’s oceanside resort favored by financiers and celebrities, fell 14 percent in the fourth quarter as Wall Street cut jobs and the U.S. recession spurred sales to plunge. The median price in Long Island’s Hamptons and the North Fork slid to $690,000 from $800,000 a year earlier, appraiser Miller Samuel Inc.... 01/27/2009