Issue: August 04, 2009 (Archive)

Wednesday, September 8, 2010

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Sell yourself short
More than two years into the housing crisis, lenders are beginning to allow more troubled homeowners to unload their homes for less than they owe. The practice, known as a short sale, is gaining popularity as an alternative to foreclosure, but it remains a difficult and lengthy task to pull off because the lender bears the brunt of the loss.

Watergate Hotel poised for more scandals
the watergate hotel in Washington, part of the complex made famous by the political scandal that brought down US President Richard Nixon, sold in an auction to mortgage holder PB Capital.

Before you deal
The number of homeowners short selling their home is growing, according to government data. But it is still not an easy process. Here are a few things borrowers should consider when pursuing a short sale of their property:

No room for residents at Chelsea Hotel
overheard on the Chelsea Hotel stairway one recent Sunday:

Gasping for air
Hong kong, slowly but surely, is going with the flow of the green revolution sweeping across the world.

London calling
With the latest phase of its Silkworks development, St James Urban Living is presenting Hong Kong investors with another chance to snap up a choice London property.

In Neverland
It was while I was making my way across a rope bridge in a quiet corner of Michael Jackson's Neverland Ranch - next to an elaborate treehouse crowned with a ship's wheel, and overlooking a bronze sculpture of smiling children - that I finally figured out what the late entertainer's compound represents from an architectural point of view.

Chelsea riverside
Nothing shapes a city quite like a river - Guangzhou, Shanghai, Paris, New York and, of course, London. And no home stands out more than a Thames address. Welcome to Chelsea Bridge Wharf, yet another residential landmark from Berkeley Homes, a desirable address prized for its proximity to central London,

Suite Wan Chai
Garden east is located just off the beaten track in Queen's Road East in a more civil and gracious corner of Wan Chai. The 28-story tower is dedicated to serving longer-term upscale travelers, and that commitment shows in all 216 units, which come with the imprimatur of interior designer Philip Liao.

Wright LA masterpiece goes under the hammer
frank lloyd wright's Ennis House in Los Angeles, a hilltop masterpiece composed of patterned and smooth concrete blocks that has been threatened by man and Mother Nature, is being offered for sale at US$15 million (HK$117 million) by the private foundation that has been restoring it.

Back in action
Asian property firms are beginning to see light at the end of the tunnel and several are positioning for an upturn even as the world economy struggles to recover from its worst recession in decades.

A diplomatic affair
Lila Castellaneta arrived at Villa Firenze, her new Washington DC home at the edge of Rock Creek Park, full of grand plans for diplomatic entertaining. It was 2005, and she and husband Giovanni, the new Italian ambassador to the United States, were moving into the 1927 English Tudor-style estate that serves as the ambassador's official residence.

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