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LA TIMES REALTY NEWS



L.A. Times - Real Estate News

Lenders are using a variety of tools to prevent mortgage fraud
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.




Foreclosure activity sinks to a five-year low
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.




Celebrity sellers have little effect on home prices
A famous name can boost buyer interest in a home, but it doesn't necessarily pump up the price.

Their internationally recognized names sell music and movie tickets. They promote perfumes and presidents. But when it comes to selling their own houses, celebrities often find that their cachet doesn't pull in the cash.




Ellen Degeneres downsizes into 8,500-square-foot Beverly Hills home
The daytime show host has sold her 3-acre Beverly Hills compound, which includes four structures, to Ryan Seacrest.

Cyberspace was a-twitter this week with the news that Ryan Seacrest is buying Ellen DeGeneres' Beverly Hills compound for $37 million, and that she and spouse Portia de Rossi are moving no farther than a Hal Levitt-designed midcentury — also in Beverly Hills.




Home of the Week: Sleek contemporary in Beverly Hills
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.




Home of the Week: Italian Renaissance-style in La Jolla
Six-bedroom, five-courtyard home with Venetian accents offers ocean and coastline views.

Taking its cues from Teatro La Fenice, an opera house in Venice, this Italian Renaissance-style estate was recently doubled in size. Five courtyards bring the living space outdoors to take advantage of the ocean and coastline views.




Abstention deadlocks five-member homeowners association board
Question: There are five directors on our homeowners association board. If the vote on an item is two yes, two no and one abstention, what is the outcome: yes or no?






Marin County Real Estate - Sharon Faccinto
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