January 17, 2010
Sweeping views Location: 1500 Loma Vista Drive, Beverly Hills 90210 Asking price: $4,999,000 (also offered for lease at $19,900 a month) Previously sold for: $5.6 million in 2007 Size: Four bedrooms and 3 1/2 bathrooms in 4,000 square feet Lot size: 23,140 square feet Additional features: Heated pool with spa, electronic security gate and intercom, three fireplaces, central heating and air conditioning Around the neighborhood: Through the first three quarters of 2009, 155 single-family homes sold in the 90210 ZIP Code, according to MDA DataQuick, at a median price of $2,852,000.
February 7, 2010
Icelandic infusion Location: 3044 Greenfield Ave., Los Angeles 90034 Asking price: $1,895,000 Previously sold for: $399,000 in 2000 Size: Four bedrooms and 3 1/2 bathrooms in 2,600 square feet Lot size: 6,450 square feet Additional features: Siemens, Gaggenau and SubZero appliances; radiant floor heating; tankless water heater; built-in audio and...
December 13, 2009 |
Question: I am in charge of our homeowners association that consists of only four residences. Each homeowner pays monthly dues of less than $80. One owner has been delinquent for about nine months. If this owner is facing hardship, what can be done in fairness to everyone in our association? Is foreclosure an option? How can I resolve this situation in a timely and peaceful manner? Answer: The business of collecting association assessments is often clinical and devoid of compassion.
December 16, 2009 |
Southern California's real estate industry, decimated by the mortgage meltdown and housing bust, is stirring to life again -- even making hiring plans -- as home prices bounce back. Data released Tuesday showed the Southland housing market gaining strength in the traditionally slow month of November. The median price paid for a Southern California home increased 1.8% in November from October, to $285,000, according to MDA DataQuick, a San Diego real estate research firm. It's the seventh consecutive month in which prices have improved or held steady.
April 4, 2010 |
Could Congress' ambitious second round of home purchase tax credits -- especially the $6,500 repeat-buyer credit -- turn out to be lacking in terms of economic stimulus clout? With the April 30 deadline to sign home purchase contracts for both the $8,000 first-time buyer credit and the $6,500 version looming, some real estate and building experts are concerned that fewer consumers may be motivated by the credits this spring than last fall. The $6,500 credit, in particular, appears to be generating little buzz among shoppers.
November 8, 2009 |
For most of the growing legion of financially stretched families in danger of losing their homes, there is help available -- as long as they don't bury their heads in the sand. According to industry estimates, half of all owners who lose their homes to foreclosure have no contact with the "servicers" that mail out the statements and collect payments. That's a mind-numbing statistic given the government's efforts to keep people in their homes. "Never in history have more resources been devoted" to solving the foreclosure crisis, says Faith Schwartz, executive director of the HOPE Now Alliance, a collaboration of housing counselors and mortgage-industry participants created to reach out to owners who cannot pay their mortgages.
November 22, 2009 |
That some underwater owners -- whose houses are worth less than what they owe -- are walking away from their homes even though they can still afford to make their mortgage payments has been well reported, if not well documented. But just how prevalent are these "strategic defaults"? And what are the social and moral ramifications of jumping ship? The answer to that first question is difficult to measure, if only because people who do make a conscious decision to ditch their mortgages, although they can still pay them, have every reason to disguise themselves as people who can no longer afford their loans.
December 20, 2009
John Lautner's Hatherall House Location: Shadow Hills Size: Four bedrooms and three bathrooms in 3,634 square feet Published: Aug. 2 Listed then for: $1,595,000 Sold for: $1.35 million on Nov. 18 Villa Allegra: Classic and modern Location: Hollywood Hills Size: Six bedrooms, eight bathrooms and four half-baths in about 14,000 square feet Published: June 18 Listed then...
November 22, 2009
1510 San Clemente Lane, Corona 92882 Listed for: $479,900 Size: Five bedrooms and three bathrooms in 2,486 square feet Lot size: 6,969 square feet Features: Built in 1990, the Mediterranean two-story has a formal dining room, a fireplace in the family room and a three-car garage . MLS ID: K09120809 8273 Soft Winds Drive, Corona 92883 Listed for: $499,900 Size: Three bedrooms and...