CALIFORNIA | LOCAL
November 6, 1998 |
Michael Yanfeng Shen is an affluent man, as evidenced by his large house in Walnut, his two Mercedes-Benzes and his booming real estate appraisal business. But whether Shen intended to help hundreds of fellow Chinese emigres follow in his golden footsteps isn't nearly as apparent. State authorities, in fact, say Shen got rich by preying on members of the local Chinese and Taiwanese communities--and not by helping them land good jobs as he had promised.
May 12, 1985
A move to consolidate the nation's two largest real estate appraisal groups failed to pass when it did not receive the required two-thirds approval vote of the membership of the American Institute of Real Estate Appraisers of the National Assn. of Realtors. The plan, as approved by the Society of Real Estate Appraisers last October, would have merged that group, the nation's largest appraiser organization, with the institute, the nation's oldest, to form the Real Estate Appraisal Institute.
February 9, 2006 |
"Crash" is not an image you'd want when launching a real estate website. Yet crash is what real estate appraisal site Zillow.com did Wednesday within hours of its much-ballyhooed debut. The Seattle-based start-up began a public test of its website at 9 p.m. Pacific time Tuesday. By 6 a.m. Wednesday, it was staggering under the weight of more than 300,000 page views, the company said. The site remained inaccessible until the afternoon.
December 20, 1987 |
Two major new California laws that will change the way real estate licensees and appraisers do business after Jan. 1 are creating some confusion along with expected future benefits. A bright young principal of a Southern California realty firm took several courses on the new law affecting licensees but then admitted that because of its complexities, he still didn't understand it.
December 23, 2001 |
Question: Our home has a combination tile and flat roof. Four weeks after purchase, we had major rain leakage. In one area, water ran down the walls and windows, trickled from lights and outlets, and dripped from the ceiling. The flat roof sags, causing pooling at the leaking area, and some of the tiles are cracked or loose. The sellers maintain no leaking occurred during their ownership, but we've found stains and ceiling damage that indicate past water problems.
CALIFORNIA | LOCAL
February 10, 1985 |
While preparing to preside over the John Z. DeLorean drug trafficking trial, U.S. District Judge Robert M. Takasugi got word that he might have to stand trial himself. Takasugi was named as defendant in a civil lawsuit that arose from his investments in East Los Angeles real estate. It was a small matter--a workman accused the judge of failing to pay $6,600 for repairs on a house. But its backdrop was an embarrassment.