News
Department of Justice Investigating JPMorgan on Bear Stearns' Mortgage Products
Russian Lawmaker Resigns From Ethics Committee After Disclosing $1.3 Million Worth of Real Estate in Florida
Amy Smart Drops $2.5 Million on Beverly Hills Home (VIDEO)
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
Chandler Bing of the “Friends” fame, Matthew Perry has finally sold his Hollywood hills home for a cool $4.7 million. He had listed it in September 2012 asking for $5.3 million. However, he cut off a little chunk of the price as the property sat unclaimed for four months. Live Nation CEO Purchases Properties Worth $15 Million in Los Angeles
The CEO of entertainment and concert company, Live Nation Entertainment, Michael Rapino has dropped around $15 million for two properties in Brentwood, Los Angeles. Together, the two properties claim a square footage of nearly two acres. Rapino purchased the two adjacent plots from financier John Rocchio who first listed the lots in November 2012. Rising Home Prices Rescue a Number of American Underwater Home Owners
The rising prices of homes in America are rescuing more number of underwater homeowners from their debts. The rebounding market, low mortgage rates and increasing prices have dragged a number of underwater homeowners to rise above their debt. New home buyers are now able to sell off their old homes at a greater price to fund their mortgage loans, enabling them to cover the loan more effectively. Foreign Investors Jumping into US Rental Market
As the housing economy of the U.S. is recovering, the rental markets are raking in a larger number of foreign investors. A new trend of foreign investment firms purchasing property in the U.S. and renting them out for a profitable price has kicked off recently. The increasing availability of property and weak dollar rates make the U.S. market safe for the investors. US Single Family Home Constructions and Permits hit Four-Year High, NAHB report
According to a report released by the National Association of Home Builders (NAHB), construction of single family home rose by 0.8 percent throughout the country in January. The number of permits for the construction of these homes also rose 1.9 percent to hit a record high in the past four years. China restates plan to extend property tax programme to new cities
China's cabinet on Wednesday restated its intention to extend a pilot property tax programme to more cities and urged local authorities again to put price control targets on new homes, in the latest effort to calm frothy real estate markets. Lucky Couple Finds $11,000 on Golden Gate Bridge on Valentine's Day
What could have made Valentine's Day more romantic than finding $11,060 and spoiling your loved one? That's what happened to a couple who found the loot on Golden Gate Bridge in San Francisco, but instead of spending it on spa's and fancy restaurants, the honest couple promptly handed it over to the police. New Casino Files for Bankruptcy, Struggling with Debt in just One Year
New Jersey Casino, Revel, said it will file for bankruptcy after being open for just one year. The $2.4 billion Atlantic City casino accumulated $1.5 billion in debt and was failing to turn a profit. Zombie Foreclosures Attacking American Homeowners; Learn What You Can Do
The United States is facing an epidemic, "zombie foreclosures." Zombie Foreclosures are Attacking United States Homeowners Farmer's Secret Castle: Englishman Will Fight Ruling to Demolish, Willing to Head to European Court of Human Rights
An English farmer built a castle on his property. Nothing sounds wrong with that if you can afford it. But what he failed to do is abide by town building guidelines, so the castle's got to go, reported The Christian Post.
