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Foreclosure activity sinks to a five-year low
May 17, 2012
Foreclosure activity in the U.S. fell last month to its lowest level since the start of the credit crisis in 2007, driven largely by drops in states such as California, where the process occurs outside of the courtroom.
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Home of the Week Update
May 13, 2012
New life for a California Classic
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Home of the Week: Sleek contemporary in Beverly Hills
May 13, 2012
The modern four-bedroom, 41/2-bathroom house is designed for entertaining and features a massive concrete fireplace, a glass-walled loft and walls of glass looking out onto the swimming pool and deck.
Pocket doors slide away to connect the indoors and outdoors at this sleek contemporary. Designed for entertaining, the modern house features a massive concrete fireplace, a glass-walled loft and walls of glass looking out onto the swimming pool and deck.
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Julie Andrews' Brentwood house isn't going for a song
May 13, 2012
The home Andrews owned with her late husband, director and screenwriter Blake Edwards, is listed for $2.649 million. It's already in escrow less than a month after going on the market.
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.
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Can 'absentee owner' be barred from seeking board seat?
May 13, 2012
The board of a homeowners association has repeatedly said a titleholder is not eligible for office because the person is an 'absentee owner.' Is that legal?
Question: Shortly after I bought my town home I had to rent it out and move in with my mother because she could no longer live alone. Since I became an owner I've never been late paying my homeowner dues, and my unit is well maintained. Every year the association sends me requests for nominees to serve on the board.
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Lenders are using a variety of tools to prevent mortgage fraud
May 13, 2012
Websites and other tools can help nab fibbers who just want to buy a house, as well as out-and-out perjurers looking to bilk lenders out of hundreds of thousands of dollars.
Don't even think about fudging on your application for a mortgage by inflating your income a tad, checking the box to indicate you're going to live there when you're really not or exaggerating your job description.
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Consumer bureau plans new rules on mortgage fees
May 10, 2012
Proposals from the Consumer Financial Protection Bureau include requiring flat origination fees so that consumers could more easily compare them.
WASHINGTON — The Consumer Financial Protection Bureau is considering new rules on mortgage fees, including banning origination charges based on the size of the loan.
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'Chinatown' writer Robert Towne lists Westside estate
May 08, 2012
Built in 1926 and designed for grand entertaining, Towne's restored English country-style mansion and guesthouse have seven bedrooms, nine bathrooms and 10,000 square feet of living space. It's listed at $12.995 million.
"Chinatown" writer Robert Towne has listed his estate on the Westside at $12.995 million.
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Bel-Air home once owned by Broadway star Mary Martin is listed at $10.5 million
May 07, 2012
The seven-bedroom, five-bathroom Tudor features leaded-glass windows, half-timbered details and a gabled roof.
A 1928 Tudor once owned by Broadway star Mary Martin is on the market in Bel-Air at $10.5 million.