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Chris Paul buys Avril Lavigne's Bel-Air mansion for $8.495 million

1/29/2012 2:00 AM

L.A. Clipper Chris Paul may be quick down the court, but he moves pretty fast when it comes to buying multimillion-dollar real estate too.

A quirky Spanish Revival in Los Feliz

1/29/2012 2:00 AM

A.F. Leicht designed quirky Spanish Revival houses in Los Angeles as well as evangelist Aimee Semple McPherson's landmark Angelus Temple. His interiors often had irregular-shaped or curved walls, rooms or hallways. This Los Feliz villa, with rounded rooms, fancifully shaped living room French doors and elliptical master bathroom, captures his signa...Read More

Consumer bureau reviewing real estate appraisal fee disclosure

1/29/2012 2:00 AM

Some appraisers are being paid less than half the fee, while the balance flows to an appraisal management company. ....The new Consumer Financial Protection Bureau is working on a real estate issue that gets to the core of the agency's purpose: bringing clarity and better disclosures about the often opaque and costly fees that home buyers, se...Read More

Tax relief on mortgage debt forgiveness ends in 2013, so hurry

1/29/2012 2:00 AM

The tax-relief law allows homeowners to exclude from income certain debts forgiven by their lenders. The tax break expires Dec. 31, 2012, but keep in mind that a short sale or foreclosure can take many months. ....The window is closing rapidly on one of the most important tax-relief provisions enacted by Congress during the housing crisis to ...Read More

Homeowner association must not let manager control it

1/29/2012 2:00 AM

Each association board director is obligated to research issues and reach his or her own conclusions.....Question: I was elected to the board of directors because owners were fed up with a controlling manager. After election, the manager handed me a "board member tool kit," which instructs how to join in lock step with other directors and no...Read More

Tenant with disability wants to keep companion pet

1/29/2012 2:00 AM

A tenant with anxiety disorder is urged by his psychiatrist to get a companion animal. But in exchange for allowing a dog, the manager wants to raise his rent. Is that allowed?....Question: For several years I have been undergoing psychotherapy for a nervous illness, which has now been diagnosed as a general anxiety disorder. I live at an ap...Read More

Foreclosure relief program is extended, expanded

1/28/2012 2:00 AM

The mortgage modification program is extended another year and expanded to include investors. Large banks will get more incentives to help struggling homeowners.....Struggling homeowners are set to get more help from the federal government as the Obama administration extends its key foreclosure prevention plan for a year.

Two Obama initiatives to address foreclosure crisis face hurdles

1/26/2012 2:00 AM

The president's proposals include an expanded refinancing plan for struggling homeowners and a new, aggressive probe of financial firms' mortgage practices.....Two new initiatives from President Obama to address the foreclosure crisis — more help for struggling homeowners and aggressive investigations of financial firms — face sig...Read More

Initial foreclosure filings fall 11.9% in fourth quarter

1/25/2012 2:00 AM

Fewer California borrowers entered foreclosure during the final three months of the year, according to new data. But the holiday respite, coming after a sharp summer increase in new defaults, may not last.

1/23/2012 2:00 AM

Korman Communities plans to turn the Crescent Beverly Hills apartments into AKA Beverly Hills. Rent for the AKA's 88 suites will start at about $400 a night.....A Pennsylvania developer has spent $85 million on a Beverly Hills apartment complex it plans to turn into a luxurious extended-stay hotel.