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latimes
 Phoenix, Arizona
Foreclosed Home Auction 6/27
Registration is FREE. Attend Auction In Person or Via Webcast.
SOUTHERN CALIFORNIA NEIGHBORHOOD PAGES Click on the cities and neighborhoods below for descriptions of life in these Los Angeles areas.
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HOT PROPERTY
By Lauren Beale
Kwame Brown, now with the Detroit Pistons, is listing the contemporary with ocean, city and marina views for $2,975,000.
HOT PROPERTY
By Lauren Beale
The Mediterranean house has five bedrooms and seven bathrooms in 7,398 square feet.
HOT PROPERTY
By Lauren Beale
The private walled and gated home has a courtyard entry, city light views, outdoor entertainment areas and a swimming pool.
HOT PROPERTY
By Lauren Beale
The three-bedroom, three-bathroom home has sweeping city and mountain views.
HOT PROPERTY
By Lauren Beale
The 1921 Mediterranean house had been restored 'back to its original beauty,' with all the modern touches, including marble bathrooms and a gourmet kitchen.
By Molly Hennessy-Fiske
About $1 billion in value was lost last fiscal year. But neighboring counties fared worse.
HOME OF THE WEEK
By Catherine Ho
A 1950 Caspar Ehmcke design has the indoor-outdoor feel and natural materials that are typical of the style. Its perch offers views of the mountains and of downtown Pasadena.
NATION'S HOUSING
By Kenneth R. Harney
A study finds that 26% of the defaults across the country are calculated economic decisions to bail out of loans by borrowers who could afford to make the monthly payments.
HOUSING SCENE
By Lew Sichelman
If nothing else, the legal maneuver will buy them some breathing room. But it also will destroy their credit rating, and it may not even be necessary.
Harry Warner estate in Hancock Park
ASSOCIATIONS
By Stephen Glassman and Donie Vanitzian
A condo board that misuses funds might be liable for legal penalties.
HOT PROPERTY
By Lauren Beale
The two-story home, in the Beverly Hills Post Office area, sits on wooded 1.1 acres with a pool, tennis court and guesthouse.
HOT PROPERTY
By Lauren Beale
The two-story home, on about 3 acres, has eight bedrooms and eight bathrooms.
By Jessica Garrison
As foreclosures climb, so does fraud by schemers preying on desperate homeowners hoping to modify their loans. State investigators have 750 open cases -- up from just 10 a year ago.
ENERGY
By Marc Lifsher
A bill seeks to quadruple the amount of electricity consumers with roof panels may sell. The solar industry pushes to pass it. PG & E, Southern California Edison and San Diego Gas & Electric oppose
REAL ESTATE
By Lauren Beale
L.A. County's vacancy rate rose to 5.3% in the first quarter. As more Southland apartments go empty, property owners are more willing to negotiate lease details.
REAL ESTATE
By Don Lee
Mortgage defaults have surged to record levels amid rising unemployment and falling home prices. Lenders are expected to move quickly to clear up backlogs as moratoriums on foreclosures expire.
HOME OF THE WEEK
By Scott Marshutz
The period ambience of the original 1,018-square-foot-home built by Virgil Westbrook, who was brought in by city founder Ole Hanson, hasn't been diminished by a 1,141-square-foot-addition in 2003.
HOME OF THE WEEK UPDATE
Updated Century City condo
MORTGAGE MELTDOWN
By E. Scott Reckard
The SEC suit says former CEO Angelo Mozilo and other ex-executives knew of heavy risks in subprime loans. But the defense is expected to argue that those risks were well publicized.
By Nathan Olivarez-Giles
Hundreds of U.S. homeowners have similar complaints. Some have sued.
NATION'S HOUSING
By Kenneth R. Harney
Real estate professionals say appraisers with little local knowledge are using foreclosures, short sales and distress transactions as 'comparables,' distorting property values and killing deals.
HOUSING SCENE
By Lew Sichelman
Yet another scam designed to separate homeowners from their money is making its way across the country from the West, where desperate sellers are willing to accept just about any kind of compensation to get out from under.
CRITIC'S NOTEBOOK
By CHRISTOPHER HAWTHORNE
The architecture on his Santa Barbara County property reflects his androgynous, perpetually childlike model of superstardom -- and his unique if disjointed take on the celebrity compound.
FRAUD
By Jim Puzzanghera
The cases are part of a federal crackdown dubbed Operation Short Change. The FTC says the firms allegedly made $300 million by selling fraudulent programs related to real estate or online businesses.
REAL ESTATE
By Peter Y. Hong
S & P/Case-Shiller index shows a decline of 18% in April from a year earlier. The January year-to-year drop was 19%. In the L.A. area, prices fell 21% from April to April; the January drop was 25%.
By Kristina Sherry
The plan would create a Consumer Financial Protection Agency and make banks and non-banks subject to the same rules. Some Republicans and business groups say it threatens economic freedom.
HOME OF THE WEEK
By Dinah Eng
Villa Allegra in the Hollywood Hills is ready for entertaining
HOUSING SCENE
By Lew Sichelman
Closing.com has a vendor database of nearly 150,000 firms in 14 categories, and fairmortgage.org lists dozens of lending organizations that promise to offer safe mortgages at fair prices.
By Lauren Beale
Even with the Obama administration's loan modification and refinancing programs moving forward, the end of the foreclosure glut is not around the corner, a panel of government officials and consumer advocates told attendees of the recent National Assn. of Real Estate Editors conference.
By Lauren Beale
Negative aspects of the pop singer's life may dampen the enthusiasm of potential buyers of his old Neverland Ranch or the Holmby Hills estate he was renting, experts say.
By Peter Y. Hong
From April to May, the national rate was down less than 1%. New-home sales in the West rose slightly from April, by 1.3%.
HOME OF THE WEEK
By Scott Marshutz
A French-Mediterranean, built where Newport's old China House once stood, emphasizes entertainment.
REAL ESTATE
By Peter Y. Hong
The median price was $249,000, which is up less than 1% from $247,000 in April. It was the first month-to-month gain since July 2007.
ON THE MARKET: Homes in Orange
242 S. Crawford Canyon Road, Unit 19, Orange 92869
ASSOCIATIONS
By Stephen Glassman and Donie Vanitzian
The board has a duty to pursue collection of these fees from all titleholders, even if the property is owned by a bank.
HOT PROPERTY
By Lauren Beale
Actor who appears in the TNT ensemble drama 'The Closer' buys a midcentury modern for $1.08 million.
YOUR MONEY
By Roger Vincent
The recession has brought down prices and created opportunities for those willing to take on risks and challenges.
REAL ESTATE
By Lauren Beale
L.A.'s largest office building owner gets $160 million for the 19-story tower that was built for at least $250 million.
By Steve Chawkins
The famed Lake Tahoe resort, where Frank, Dino and Sammy once held court and Marilyn Monroe spent her final weekend, tries to rebound in a struggling economy.
HOME OF THE WEEK
By Catherine Ho
A newly built house in Hermosa captures the essence of living near the ocean.
Historic Hancock Park manor
NATION'S HOUSING
By Kenneth R. Harney
Two Dallas-area congressmen have introduced bills that would extend the $8,000 credit for first-time buyers to almost all home buyers and would keep the program until either mid-2010 or the end of tha
HOUSING SCENE
By Lew Sichelman
Mortgage rates are low and sales are booming for cheaper homes. But sales are at a virtual standstill for pricier homes because buyers can't get jumbo loans at acceptable rates.
ASSOCIATIONS
By Stephen Glassman and Donie Vanitzian
Question: Our common-interest development has several incorporated associations within it. Years ago, at the instigation of our contracted community administrator who managed our CID, a Presidents Council was informally created. The administrator-manager wanted to meet with the presidents monthly as a group, rather than individually, to facilitate effective communication of the different associations' agendas. Each president was allowed to bring one guest.
SNAPSHOTS OF THE RECESSION
By Hugo Martín
Tourism there has eroded, but owners of second homes in the mountain city are using their own condos and cabins more often. Property values have held up well compared with Southern California overall.
TOURISM
By Roger Vincent
The $480-million luxury hotel and spa, meant to compete with California's most upscale coastal inns, opens as resorts are taking a financial thrashing.
HOME OF THE WEEK
By Dinah Eng
A classic Craftsman in Angelino Heights has a hidden music system and a wine cooler
3510 Larga Ave., Los Angeles 90039
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