Yes, Properazzi is coming to the US

Yannick Laclau, the respected CEO of Barcelona based Properazzi.com had a sitdown chat with Joel Burslem for Inman TV.
Laclau highlights that Properazzi is now serving 50 countries with 4 million listings and also confirmed that Prop will be entering the US market sometime in 2008, making it a "truly global platform". The site is already aggregating US listings, with over 600,000 listings, but all of the listings appear to be coming from one source hotpads.com

ANOTHER UK LENDER GONE BUST

Rooftop, the UK sub-prime lender owned by Bear Stearns is closing down with immediate effect. Its entire range will be withdrawn tomorrow according to Mortgage Strategy.

“Market conditions have continued to deteriorate and with no signs of recovery in the securitisation and whole loan trading markets, which underpin our strategy, Rooftop’s origination business has become unsustainable,”

claims Ginny Darrow, Rooftop CEO.

The company will operate a "pipeline business" with a view towards closing all operations in July.

Is GMAC next?

They've laid off over half of their staff since October last year, with a further 300 jobs set to go this week.

DotHomes' new look

Along with last years name change Byteplay is giving their search engine a more "grown up" approach, but I - like everybody else - is still missing the grass

Pryor's pissed

Property hotshot Henry Pryor is pissed off with Northern (c)Rock. According to Rat & Mouse, Pryor - who owns the Primemove search engine - is claiming that the banks are "liar, liar, pants on fire" and that they're doing consumers a disservice by
"withdrawing their products so that even if someone finds something to buy they now find that some banks don't have a single mortgage product to sell!"
Pryor admonishes NR to "get back to work" and start offering mortgages. Question for Henry, where are they supposed to get the money from? Another BoE loan?

Checking out Streetfolio.com

In a destabilizing housing market, it's now more important than ever for property investors to pay close attention to managing their income and outgoings. Streetfolio.com is a new service out of Australia that effectively tackles the problem with a service unique to property investors and developers with an interface thats easy to use and understand. Linking properties under one portfolio and managing leases, contacts, mortgages, and insurance information has never been easier. Investors can also manage their finances by the using the cashflow and innovative analytics function, instead of waiting for long drawn out meetings with accountants and solicitors.
In typical Aussie style Streetfolio offers an impressive no-nonsense, stripped down, easy to use system, for real people with real property. It's property after all, not rocket science.

Nestoria launches "one-click" buying service

Apparently in conjunction with the same people who developed the 'one-click funeral service', Nestoria announced the launch earlier today. The service essentially allows users to purchase property 'with a single click'; no need for 'messy conveyancing" or a hip report as the service literally takes all the hassle out of the house buying process and is perfect for first time buyers as properties are going for as low as £49.99 in such pristine places as Chichester.
Click here for more information and take advantage of opportunities.