Word: swap
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...launched goswap.org whose 10,000 or so users are trying to swap not only real estate but yachts and motor homes too. Alice McLaughlin, a caregiver in Canaan, N.H., is close to inking a deal to swap her two-story log home for a place in Hawaii in which she could care for people who otherwise must be in a nursing home. "So far, this [site] has seemed like an easy way to get a win-win situation," she says...
From there, a swap unfolds like a standard real estate transaction. Both sides have to be approved for loans. On Dec. 30, the Petroccos sold their townhome to Shan for $197,000 and bought her house for $289,000. The Petroccos now pay $500 more than they used to each month on their mortgage. Shan pays $550 less a month and squirreled away the profit...
...Shan, the trade could not have come at a better time. Shortly after the closing, she was laid off from her job as a project manager at a large communications firm. "This was a lifesaver for me," she says of the swap. "Now that I have a layoff package and a smaller mortgage payment, it takes a lot of the pressure...
Will these new home-shopping networks put more real estate agents out of business? "The site is open to Realtors and helps them connect motivated sellers," says Daniel Westbrook, CEO of onlinehousetrading.com which now has more than 50,000 frustrated property owners looking to make a swap. "The reason they turn to us at all is they've exhausted all other options...
...Filipino-fusion creations, such as pasta sauces in flavors such as mussel adobo and creamy shiitake pesto. If you can manage it, wash it all down with thick, creamy tsokolate, a Spanish-style hot chocolate blended with peanuts and whipped to a heady froth. But be prepared to swap those afternoon sightseeing plans for another great Spanish import: a siesta...