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L.A. Times - Real Estate News

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FaviconHot Property: Heidi Montag's Malibu rental back on the market 11 Sep 2010, 3:00 am

Also: David W. Higgins, David Bohnett and more.

Reality TV star and singer Heidi Montag has been hiding out by the beach this summer at a Malibu place she rented for $25,000 a month, according to the Multiple Listing Service. But she moved on in late August, and the gated contemporary is back on the market at $5.5 million.


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FaviconSuddenly, their house is taken over 10 Sep 2010, 3:00 am

A Long Beach couple struggling with mortgage payments find out their home's been auctioned off by Wells Fargo when the new owner's representative shows up on their doorstep.

Mike and Ellen Kahara knew times were tough. They'd run up about $30,000 in debt on their credit cards and had fallen about $8,000 behind on their mortgage payments.


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FaviconFannie Mae tries to stimulate market for foreclosed homes 5 Sep 2010, 3:00 am

The mortgage giant quietly launches the HomePath program, which offers subprime-era terms for buyers: minimal down payments, no appraisals, no mortgage insurance and lower minimum credit scores.

If you're a buyer with little cash or a small-scale investor looking for a deal on a foreclosed house, a little-publicized national lending program could be just what you need this fall.


FaviconShort-sale 'flopping' may be next big housing scam 5 Sep 2010, 3:00 am

Lenders lose an estimated $310 million annually in undervalued short-sale transactions, according to a study released in August.


FaviconHome of the week update 5 Sep 2010, 3:00 am

How some of our previously featured properties have fared in the sales market.

Buff & Hensman-designed beach house


FaviconHome of the Week: Chateau on Lake Arrowhead 5 Sep 2010, 3:00 am

Completed a few years ago, a Normandy-style estate was built to look a century old.

Glen and Linda Keane felt guilty about tearing down the O'Melveny family home. After all, John O'Melveny was part of a group of Los Angeles businessmen who formed Lake Arrowhead Co. in the 1920s and oversaw the lake's development into a popular resort destination.


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FaviconHow to sue your homeowner association to get records or repairs 5 Sep 2010, 3:00 am

Question: I am fed up with my homeowners association and successive boards for sabotaging owner requests for records and refusing to fix maintenance problems in common areas that directly affect individual units. I believe I have no other choice than to sue the association and the boards. What are the steps I have to take?


FaviconLocking out tenant is probably illegal 5 Sep 2010, 3:00 am

Keeping tenant out over concerns of illegal activities may be viewed as a 'constructive eviction.' Such moves as changing the locks to prevent access can bring significant penalties.

Question: I own a couple of houses that I rent out for extra income. Unfortunately, they are not in the best part of our town. I have a tenant living in one of them who may be dealing drugs or doing something else illegal because the police have arrested him several times. Every time he is arrested he makes bail and returns to the house in a day or so. Even though he pays the rent on time, I realize that I can't continue to allow him to live in my house. My plan is to change the locks the next time he is arrested, so he can't come back into the house. I know that I need to protect his property inside the house if I do this, but my plan is to move his belongings into a storage locker. I can't afford a lawyer to file an eviction case, so this is my only alternative. Will I be OK if I do this?


FaviconHot Property: Scarlett Johansson, Ryan Reynolds buy Los Feliz house for $2.9 million 4 Sep 2010, 3:00 am

The 1960s Buff & Hensman-designed Wong House has a pool, a walled garden and downtown and ocean views.

It seems as though actress Scarlett Johansson had no sooner sold her old place in the Hollywood Hills than she and her husband, actor Ryan Reynolds, closed on a house in Los Feliz for $2.9 million.


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FaviconIndex of pending home sales rises 5.2% 3 Sep 2010, 12:31 am

July's increase from June in the National Assn. of Realtors' gauge for previously owned residences follows two straight months of declines and a report that sales of such homes dived 27.2%.

An index of home purchase contracts for previously owned dwellings unexpectedly increased 5.2% in July over June, the National Assn. of Realtors said Thursday, a modest note of good news for the U.S. housing market.


 




 
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