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Deeds-in-lieu gain favor with lenders as alternative to foreclosure

[object Object]Short sales have been the hot solution for financially stressed homeowners and their lenders for the last year, but here’s another potent foreclosure alternative that’s about to take center stage: deeds-in-lieu.

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Livable modern art in Brentwood

[object Object]The Eric Owen Moss-designed Lawson/Westen House is a geometric amalgamation of concrete, steel, glass and wood. A critically acclaimed contemporary home designed by Eric Owen Moss has come on the market for the first time in Brentwood.

Hot Property: Faith Hill, Tim McGraw sell Beverly Hills Post Office home for $9.5 million

[object Object]The 10,500-square-foot Mediterranean features canyon and city views, and comes with a swimming pool and spa on 4.85 acres. Country music superstars Faith Hill and Tim McGraw have sold their Beverly Hills Post Office spread for $9.5 mill…

FHA and Fannie Mae getting tougher with reverse mortgage borrowers

[object Object]Here’s a sobering message for anyone who has a federally insured reverse mortgage or plans to apply for one: If you don’t pay your local property taxes or hazard insurance premiums, you should know that the risk of losing your house to f…

Home of the Week: Rancho Mirage villa with its own golf course

[object Object]The 249-acre Porcupine Creek is designed for swingers. A golfer’s personal paradise can be found at Porcupine Creek, a 249-acre estate in Rancho Mirage that features a Mediterranean-inspired villa, four casitas, four guesthouses and a p…

Minimalist by design in Costa Mesa

[object Object]Rooms flow together in two-story contemporary. This two-story contemporary with a minimalist design stands out from the older single-family homes along Irvine Avenue on the eastern edge of Costa Mesa.

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Risk-based pricing notices could cut mortgage fees and interest rates

Rules finalized by the Federal Trade Commission and the Federal Reserve will require lenders to alert loan applicants when a problem with their credit files might trigger excessive costs.

For mortgage applicants and home buyers, it’s been a six-year wait, but the Federal Trade Commission and the Federal Reserve finally have come out with consumer credit protection rules first required by Congress in 2003.

Venice condos have juicy past — and views

This contemporary condominium on the Venice boardwalk offers up-close ocean views through floor-to-ceiling glass walls and a rooftop deck that overlooks the beach.