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Home Ownership

April 12, 2008 | From the Associated Press
Thousands of Cubans will be able to get title to state-owned homes under regulations published Friday, a step that might lay the groundwork for broader reforms. The measure was the first legal decree formally published since Raul Castro succeeded his brother Fidel as president in February. The decree spells out rules to let Cubans renting from their state employers keep their apartment or house after leaving their posts. They could gain title and even pass it on to their children or relatives.
April 4, 2007 | Sam Adams, Special to The Times
Few experiences skirt closer to the absurdity of farce than the process of remodeling a home. The delirious dislocations of Feydeau have nothing on the moment when your contractor informs you that the cute little faucet you picked up on the cheap will cost a college education to install. Oh, and that wall will have to go. Excruciating as it is in real life, the comedy of contracting is a dicey proposition on screen as well.
January 27, 2006 | Greg Krikorian, Times Staff Writer
Three years ago, the Los Angeles Community Redevelopment Agency helped Larry and Melissa Shields buy their first home. Today, the couple claim, the agency is attempting to cash in on that assistance. In a Los Angeles Superior Court lawsuit filed this week, the Shieldses and their lawyer, Ron Richards, say the CRA is violating California lending laws by penalizing them for reselling their home early.
August 28, 2005
Regarding "Ditching the dorm" [Aug. 21] by Dianne Klein, I am a longtime resident of neighborhoods near the University of Arizona and have plenty of first-hand experience with the problems described. We had our hands full with the trash, noise and rundown condition of properties that were rented to students, and now we're experiencing the same things with properties purchased for them. Case in point: In my neighborhood, a house was purchased by a father for his daughter to live in while she attends the university.
April 3, 2005 | David Streitfeld, Times Staff Writer
Rachael Herron's new condo will ensure her financial salvation -- unless it provokes her ruin. Herron put no money down for her tidy one-bedroom, borrowing the entire purchase price of $211,000. To keep her monthly payments as low as possible, she got an adjustable-rate mortgage that won't require her to pay any principal for three years. Thanks to her "interest-only" loan, the 911 police dispatcher was able to afford, barely, her first home.
July 15, 2004
I was really amused by Paul Whitefield's piece ("Middle-Class Husband Meets Villa on the Hill," July 8). As someone who has experienced one of those tours, I found myself laughing out loud at some of the descriptions of these "lovingly" restored and upgraded homes. In spite of the overt, over-the -top "wow factors" of some of the homes, I remember feeling a little inadequate going back to my sprawling 800-square-foot, fairly original 1926-built home. But then I got to thinking.
July 9, 2004 | From a Times Staff Writer
Prospective Ventura County home buyers in search of affordable financing can take advantage of a pilot program being launched today by Cabrillo Economic Development Corp. Using a $1-million line of credit from State Farm Bank, Cabrillo's lending arm, Ventura County Community Development Corp., will make second mortgages available to qualified buyers. The nonprofit group is also working with Neighborhood Housing Services of America, an Oakland-based purchaser of second mortgages.
July 9, 2004 | Geoffrey Mohan, Times Staff Writer
The house Ada King bought for $140,000 is a plain stucco box wedged to the back of a tiny lot in Watts, with a freshly sodded front yard the size of a supermarket aisle. King admits it isn't much. But it's solid, well-built -- and it's hers. This is where King, a niece of bluesman B.B. King, hopes to start her rise from "bad luck falling down like rain" to "I ain't gonna worry my life anymore." A two-bedroom, South Gate-adjacent, needs-TLC place is about all a wage of $10.
May 30, 2004 | From Times wire reports
U.S. home prices will rise steadily and homeownership will expand over the next decade, but restraints on mortgage finance enterprises could imperil those gains, according to five economists from the largest housing trade groups and mortgage-buying companies.
July 11, 2003 | Hector Becerra, Times Staff Writer
A divorced mother who won a $200,000 house in a South Gate city raffle -- then found herself in a political ruckus when protesters called it a gift of public funds -- appeared on track Thursday to getting her dream home. South Gate officials said they have decided that Maria De Los Angeles Fitz should get the home, which is still under construction but nearly complete, as long as state auditors conclude that the giveaway is legal. The Jan.
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