Entertainer Miley Cyrus, the Disney Hannah Montana teenage star has purchased a Southern California mansion for $3.9-million. The home, which covers 1.15 acres of land in the affluent Studio City suburb of Los Angeles features a spacious indoor gym, a huge walk-in kitchen, an outdoor pool overlooking the LA basin and roams 5,173 square feet,… Continue reading Miley Cyrus Buys $3.9 Million Mansion
Category: California
California housing market
Donald Trump’s Best Friend Lists $10 Million Estate
Billionaire gambling magnate Phillip Ruffin, who is Donald Trump’s best friend is putting his 8,000 square foot Palos Verdes, California estate on the market to sell after owning the home only five years. Ruffin sold the New Frontier Hotel and Casino to the owners of New York’s Plaza hotel for $1.2 billion in the midst… Continue reading Donald Trump’s Best Friend Lists $10 Million Estate
Frustrated Homeowners Wait to Sell
By Mike Colpitts Frustrated and angry over the state of the U.S. economy, Wall Street and bankers homeowners in just about every community in the nation are wondering whether they will be able to wait out the housing market to sell their homes. They are caught in the web of a housing mess run amuck.… Continue reading Frustrated Homeowners Wait to Sell
Housing Recovery Delayed as Foreclosures Stall
By Kevin Chiu As many as 1-million homes that should have been foreclosed in 2011 will be delayed until 2012 stalling a housing recovery in the U.S. as lenders work through problems with foreclosure procedures, lawsuits and other legal problems, according to RealtyTrac. The foreclosure tracking firm reported that a total of 1,170,402 residential properties… Continue reading Housing Recovery Delayed as Foreclosures Stall
Mortgage Rates to Skyrocket on Economic Budget Failure
By Mike Colpitts Failures by Congress and President Barack Obama to reach a deal on the U.S. economic budget is likely to trigger a massive hike to skyrocket mortgage interest rates, sending rates up at least 1 to 2½% within just a few short days following an impasse. The sudden rise in rates would essentially… Continue reading Mortgage Rates to Skyrocket on Economic Budget Failure
Underwater Homeowners Refinancing Bill Gains Momentum
By Mike Colpitts Millions of underwater homeowners could be helped under a bill that is gaining momentum in the U.S. Senate. The bill, authored by California Senator Barbara Boxer, would remove barriers that have halted millions of upside down homeowners from refinancing their homes. “The Helping Responsible Homeowners Act” would order government backed mortgage giants… Continue reading Underwater Homeowners Refinancing Bill Gains Momentum
Former Homeowners Not Hurt By Bad Credit
By Kevin Chiu The threat of bad credit isn’t hurting millions of former homeowners who have undergone foreclosure when it comes to finding a new place to live. Landlords are even getting used to hearing from foreclosure victims applying for homes and apartments to rent. In fact, the plight of former homeowners isn’t even considered… Continue reading Former Homeowners Not Hurt By Bad Credit
Taking a Loss On Your Own Home
By Kevin Chiu It’s a beating that’s hard to take –a financial loss on your own home. Just a handful of years ago you couldn’t go any where in public without over hearing how hot the housing market was. People were buying and selling property as much as they could afford or were allowed to.… Continue reading Taking a Loss On Your Own Home
Ozzy Osbourne Rocks to New Home
The Prince of Darkness, rocker Ozzy Osbourne has listed his home on the market for sale in the Hidden Hills area of Los Angeles for nearly $13-million. The former lead singer of Black Sabbath has been a hard rock star for almost 40 years, and until recently appeared in a MTV television reality series featuring… Continue reading Ozzy Osbourne Rocks to New Home
Real Estate Investors Plead Guilty to Auction Bid Rigging
By Mike Colpitts Eight San Francisco Bay Area real estate investors have agreed to plead guilty for their roles in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, according to the Department of Justice. The real estate investors took part in conspiracies to rig bids by agreeing to refrain… Continue reading Real Estate Investors Plead Guilty to Auction Bid Rigging