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BUSINESS
March 7, 2013 | By Lauren Beale
Actress Maria Bello listed her Craftsman home in Venice for sale at $1.85 million and within 10 days it was in escrow. Built in 1915 and set behind gates in a walk-street area, the house is painted blue with red doors and windows and yellow accents. Features include a wood-burning fireplace, a front veranda, three bedrooms and 2.5 bathrooms. There is a lawn, patio space and a single-car garage. Bello, 45, has been on the TV series “Touch” (2012-13) and “Prime Suspect” (2011-12)
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BUSINESS
January 25, 2014 | By Lauren Beale
The marital home of former Laker Lamar Odom and television personality Khloe Kardashian came on the market in Tarzana at $5.499 million this month and was in escrow in 10 days. Odom and Kardashian bought the house in 2009 - the year they were married - for $3.95 million. She filed for a divorce in December and resumed using her maiden name. The Mediterranean-style villa sits on three-quarters of an acre in gated Mulholland Park. Entered through a two-story foyer with a sweeping staircase, the 8,000-square-foot home features custom closets, mosaic tile details, a den, a home theater, seven bedrooms and nine bathrooms.
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REAL ESTATE
June 28, 1998
In the United States we have laws and regulatory agencies that govern everything we do from censoring what we watch on TV to using a gas-powered blower in our own backyards. However, when it comes to escrow fees, we're on our own. I recently sold a second home of mine. And although this was my sixth escrow experience, I still get sick to my stomach having to deal with the fictitious garbage fees that seem to pop up every time. From processing fees, reconveyance fees, recording fees, filing fees and "too bad for you" fees, we are forced to either pay or face costly delays that may potentially spoil the deal.
BUSINESS
September 27, 2013 | By Lew Sichelman
In little-noticed proceedings earlier this year, 11 people pleaded guilty in a federal court in northern Virginia to a scam that fleeced banks out of millions of dollars. According to the charging documents, the defendants were involved in overlapping conspiracies in which they would systematically alter the terms of real estate closings so lenders would send more money than they needed to. The thieves would then pocket the difference. The case shines some light on perhaps the shadiest side of mortgage fraud.
NEWS
March 5, 1987 | JEFFREY S. KLEIN
If you ask a friend whether he's sold his car or truck, you usually get a simple, one-word answer, either "yes" or "no." But ask another friend if she's sold her house, and you'll hear vague, seemingly non-responsive phrases, such as: "My house is in escrow," "I just opened escrow," or "We expect escrow to close soon." If you've never been through an escrow, you probably don't know what your friend is talking about. What is escrow anyway? And why do we need it?
BUSINESS
April 7, 1987 | JANE APPLEGATE, Times Staff Writer
A businessman who fled to Singapore after allegedly defrauding an Orange County escrow company of about $1.8 million, pleaded not guilty in federal court Monday to 23 counts of wire fraud. James Leroy Fletcher, 41, formerly of Fort Lauderdale, Fla., spent several weeks in a Singapore jail before federal marshals arrived to escort him back to Los Angeles late last week.
REAL ESTATE
August 24, 1986 | DAVID W. MYERS, David W. Myers specializes in business aspects of real estate. and
Starting in October, some local buyers and sellers of real estate hoping to have a smooth-sailing escrow may find their hopes shattered. The Los Angeles City Council has adopted an ordinance that requires every residential property that changes hands within the city limits to have tempered glass in most of its sliding-glass doors. If the seller agrees to pay for the changes, the modifications must be completed before escrow closes.
BUSINESS
February 23, 1999 | JULIE TAMAKI, TIMES STAFF WRITER
State Insurance Commissioner Chuck Quackenbush on Monday ordered Old Republic Title Co. to appear at a hearing next month to respond to charges that it used customer escrow deposits to reap more than $30 million for itself over the last decade.
REAL ESTATE
December 4, 2005 | Gayle Pollard-Terry, Times Staff Writer
All Rebecca Halbreich wanted was to move into her new house in La Canada Flintridge. Her boxes were packed and ready. The sellers of the four-bedroom, three-bath home, however, showed no signs of getting out. None of their many artworks or sculptures had been crated. They decided late in the game that they wanted to stay 12 days after escrow closed. Halbreich couldn't wait. Her family vacation to Paris loomed; the plane tickets were nonrefundable.
BUSINESS
January 20, 2012 | By Lauren Beale, Los Angeles Times
L.A. Clipper Chris Paul may be quick down the court but he really moves like lightning when it comes to buying real estate. The All-Star has bought the Bel-Air home of singer-songwriter Avril Lavigne for $8.495 million after only three days in escrow, the Multiple Listing Service shows. The Mediterranean-style house, sitting on more than half an acre in a gated community, came on the market in May at $9.5 million and had been reduced to $8,999,999. The 12,184-square-foot home, built in 2003, features Venetian plaster, wood-framed doors and windows, a two-story foyer, a wine cellar and tasting room, a gym, eight bedrooms and 101/2 bathrooms.
BUSINESS
August 16, 2013 | By Lauren Beale
Actor Paul Wesley, who stars on "The Vampire Diaries," and actress Torrey DeVitto listed their home in the Hollywood Hills for sale at $1.595 million and within two weeks had a bite. The house is in escrow. The 1920s Mediterranean-style villa features a rotunda entry, beamed ceilings, vintage tile, a circular dining room, an oak staircase, three bedrooms, 2.5 bathrooms and 3,262 square feet of living space. There is a courtyard and a detached office/gym. Wesley has starred on "Diaries" since the show started in 2009.
BUSINESS
April 26, 2013 | By Lauren Beale, Los Angeles Times
Christina Aguilera recently closed escrow on a mansion in gated Mulholland Estates, buying the Westside home of Detroit Pistons owner Tom Gores and his wife, Holly , for $10 million. The Mediterranean, custom built in 1992, features a family room with exposed beams, a paneled library, two bars, five fireplaces, a screening room, six bedrooms, nine bathrooms and 11,107 square feet of living space. A saltwater swimming pool with spa, a bathhouse and a gazebo also sit on the more than three-quarters of an acre of grounds.
BUSINESS
March 7, 2013 | By Lauren Beale
Actress Maria Bello listed her Craftsman home in Venice for sale at $1.85 million and within 10 days it was in escrow. Built in 1915 and set behind gates in a walk-street area, the house is painted blue with red doors and windows and yellow accents. Features include a wood-burning fireplace, a front veranda, three bedrooms and 2.5 bathrooms. There is a lawn, patio space and a single-car garage. Bello, 45, has been on the TV series “Touch” (2012-13) and “Prime Suspect” (2011-12)
BUSINESS
March 1, 2013 | By Lauren Beale, Los Angeles Times
Actress Patricia Heaton , who stars in "The Middle," and her husband, actor David Hunt , put their home in Hancock Park up for sale at $8.295 million, and in three weeks it was in escrow. The Italianate Mediterranean-style estate was built in 1923. The architect was Pasadena-based Elmer Grey, who designed the Beverly Hills Hotel, the Pasadena Playhouse and the Huntington Art Gallery, among other landmarks. Nearly 8,400 square feet of interior space features Malibu tile, murals, wrought-iron work, a library, a billiard room, seven fireplaces, six bedrooms, five bathrooms, two offices and a guesthouse/screening room.
SPORTS
December 28, 2012 | By Helene Elliott
An amended collective bargaining proposal made by the NHL late Thursday to the players union includes a deadline to open training camps by Jan. 12 for a Jan. 19 start to the season or the 2012-13 season will be canceled, according to a source with knowledge of the matter but not authorized to speak about it publicly. The source also confirmed earlier reports by many media outlets, led by ESPN.com, that the league had softened its stance on several key issues that had fueled the two sides' differences.
BUSINESS
December 17, 2012 | By Roger Vincent, Los Angeles Times
Los Angeles developer Rick Caruso is buying 10 retail properties on three parcels in the tony town center of Pacific Palisades, according to people who know about the deal. The acquisition will give Caruso the opportunity to restyle a significant portion of the affluent neighborhood's commercial district in his vision. Caruso, owner of the upscale Grove shopping center in Los Angeles, is in escrow on a 2.8-acre collection of commercial buildings on both sides of East Swarthmore Avenue and Sunset Boulevard known as Pacific Palisades village.
CALIFORNIA | LOCAL
December 3, 1989 | SHANNON SANDS
This remote and exclusive gated community seems an unlikely spot for a demonstration, but a handful of residents picketed Saturday in front of a sales office and plan to return today. Thomas and Linda Brechtel, who organized the protest with several of their neighbors, are angry because they say developer A-M Homes has treated them unfairly. When the Brechtels bought their two-story dream house with a view of a golf course, they played by the rules and tried to close escrow on time.
BUSINESS
October 22, 1986
Marina Romeri has joined Corky McMillan Realty as the escrow department manager/escrow officer.
BUSINESS
May 15, 2012 | By Lauren Beale, Los Angeles Times
Cyberspace is a-twitter with the news that Ryan Seacrest is expected to close escrow this week on Ellen Degeneres' Beverly Hills compound, but there's been nary a peep about where she and spouse Portia de Rossi have decamped. Look no further than the Hal Levitt-designed midcentury in Beverly Hills that changed hands in April, according to area real estate agents familiar with that deal. The 8,500-square-foot house, built in 1958, features walls of glass, soaring ceilings, multiple fireplaces, a library, a black-and-stainless-steel kitchen, a sunken living room, four bedrooms and six bathrooms.
BUSINESS
May 13, 2012 | By Lauren Beale, Los Angeles Times
Singer and actress Julie Andrews has listed the Brentwood house she owned with her late husband, director and screenwriter Blake Edwards , for $2.649 million. Less than a month after coming on the market, the tidy white home with gray shutters is already in escrow. The traditional-style house features a family room and living room with French doors opening to a fanciful garden that appears to be "practically perfect in every way" to borrow a phrase from "Mary Poppins. " The formal dining room has a cathedral ceiling and glass walls.
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