Tuesday, February 07, 2006

Real Estate News for Tuesday, February 7th, 2006

Realtor sentenced to prison in Huntington Beach condo scheme. A real estate agent was sentenced to prison for helping former Huntington Beach Mayor Pam Houchen illegally sell converted condominiums. U.S. District Court Judge David O. Carter sentenced Thomas Bagshaw to four months behind bars and four months of home detention for forging signatures to help Houchen, 48, illegally convert two four-unit apartment complexes into eight condos, which she sold for $1.7 million. A 1984 law requires apartment owners to modify the property and pay fees before selling units individually. Click here to read more.

Finding California's Affordable Housing. With real estate prices continuing their high-water marks in California, you might be interested to know where you can still buy something cheaply. It’s California's version of Big Sky Country, Modoc County is in the upper right hand corner of the state. The median home price just passed $100,000, and that fact was the talk of the town down at the Double-D Doughnut Shop. Alturas is the county seat. It's about a six-and-a-half hour drive from the Bay Area, which makes it closer to Boise than San Francisco. It's also where more and more people are moving from the Bay Area and L.A., simply because of the cheap real estate. Click here to read more.

~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com

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