Creator Of Weeds Is Selling Her House In Angeles for $1.597-million

July 24, 2009
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The creator of Weeds Jenji Kohan is now listing her long time house in Los Angeles’ Los Feliz for $1.597-million.

According to the listing records, Kohan purchased her house last 1996 for only $520,000. The 2,980-square-foot house was built in 1927.

The house features a two and a half baths, 1920s details, beamed ceilings, a hand-painted mural entry foyer, a hand-hewn wrought iron circular stairway, a turret sitting room, and a Cordon Bleu kitchen with an Aga range and a Sub-Zero refrigerator.

Kohan’s house lies in a 0,15-acre or 6,550-square-foot. Outside Kohan’s property has entertainment areas, some of its parts are grassy, they are also plant, fruit trees and passion fruit planted.

The house…

Parminder Nagra Is Selling Her Modern House For $1.375-million

July 24, 2009
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Actress Parminder Nagra relisted her 2,484 square-foot house in Los Angeles for $1.375-million.

Located in Los Feliz, Nagra relisted her house last Friday, July 17, she listed it last summer of 2008 for $1,484,000 and then later decreased it for almost $400,000.

This modern house was built in the year of 1982. It has four bedroom, three baths, an open floor plan, three fireplaces, two balconies with northwest views, 25-foot ceilings, a custom kitchen, hardwood floors, a laundry room, pre-writing for sound and video surveillance, large custom windows, a decent amount of closet space, an “alluring” mastr suite, a finished large bonus space and a direct entrance to the garage. It also…

Mortgage Fraud Is Projected To Increase By 300-Percent This Year

July 24, 2009
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An organization who monitors mortgage fraud projected that deceptions on housing and mortgages would increase by 300-percent by the end of this year.

Base on the records of Suspicious Activity Reports (SARs), during the second month of 2009, the Federal Bureau Investigation has already documented a nearly 29,000 mortgage fraud cases.

FBI said that through the quick escalation of cases, they are expecting the figures to increase by 174,000 or 276-percent cases that could be filed by the end of 2009.

The increase is way more than a hundred percent compared to the 63,000 or 36-percent cases of mortgage fraud last 2008.

Due to the surprisingly increase of deception cases, the U.S Department of…

Watergate Hotel Not For Sale Anymore

July 21, 2009
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The owner of the Watergate Hotel took back the said hotel after it has failed to attract any bids during the auction. PB Capital Corp. Took back the property Tuesday after bidding opened at $25 million and there were no any takers.

During the auction, Auction House vice president Paul Cooper said that there are about 10 bidders who registered the event and each actually gave at least $1 million deposit.

The Watergate Complex became famous because of the controversial 1972 burglary that led to President Richard Nixon’s resignation.

Vornado Realty Trust Is Set To Buy Up Distressed Properties

July 21, 2009
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Due to the financial crunch that made the real estate industry’s money to become scarce, Vornado Realty Trust, the third largest real estate investment trust firms in the United States is putting together a billion dollar fund to buy up distressed properties of investors that are overextended.

Report said that the commercial market has dropped quickly but it will also stabilize quickly any time soon.

According to the National Association of Real Estate Investment Trusts, Vornado is one of about 50REITs that raised a total of $15.7 billion from equity sales through June 26 and completed a $741.8 million stock sale last April.

Manhattan Real Estate Developer Sentenced More Than 20 Years of Imprisonment

July 21, 2009
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A Manhattan real estate developer was found guilty before the United States District Judge Naomi Reice Bluchwald.

After several trial courts, Ivy Woolf-Turk, 52, was found guilty from a one-count information charging conspiracy to commit mail and wire fraud.

She faces a maximum term of 20 years in prison. In addition, the Information contains a forfeiture allegation for over $27 million, representing the funds obtained through the fraud. Woolf-Turk is scheduled to be sentenced on September 23, 2009.

The Mortgage Situation Seems To Cope Up

July 19, 2009
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Despite economist projection of an annualized pace of 530,000, market today has increased to 582,000; 52,000 higher than the economist projections. The increase is also better than last June’s figures, with 562,000 pace. However, this month’s figure is still down by 46-percent from last year, despite of these, the increase of last month and this month is a better sign that our housing industry are slowly coping.

In spite of a continued rally in equities market, mortgage is said to be recapturing most of the losses over the previous couple days. Following the report from Bank of America and Citibank where both companies earned this month. Citibank has reportedly profit $4.28-billion…

For A Long-Long Time, Joan Rivers Is Still Selling Her House In New Milford

July 19, 2009
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Comedienne Joan Rivers is selling one of her properties in New Milford for $6,500,000. The reason why she is selling this estate because she planned to live out west to spend more time with her celebrity daughter Melissa in Los Angeles.

The house in New Milford has 5,730-square-foot wide. It is made up of stone, clapboard house which includes 22-foot high ceilings. River’s country house features a 100-year-old chestnut beams, skylights and nine French doors.

It has four bedrooms, four and a half Carrara marble  baths, a massive country kitchen, and four wood-burning fireplaces.

Meanwhile, outside the house, it has an in-ground swimming pool, a pool house, a caretaker’s cottage, a pond, a…

Who Wants To Have Robbert Loggia’s Country House?

July 19, 2009
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Due to the economic financial downturn, many house owners or even popular owners came into a decision to sell their houses and even lowering the listing price from its original value.

Actor Robert Loggia for instance has reduced the asking price for his Country French-style house in Los Angeles’ Bel-Air from $3,650,000 to $3,295,000.

This 4,620-square-foot, two-storey house was built in 1968 with four baths, a dramatic room, a family room, and a formal dining room downstairs. Upstairs you could see two large suites with finely finished bats, four walk-in closets, a large office or gym and a sitting room. There are also other suites that can be best use for office…