Wed05272015

Business & Real Estate

Are stop-losses good for reducing risk?

Equity investments are among the most volatile of the many types of publicly traded investments available to the public.

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Transactions

Los Altos

1505 Cedar Place, Hamilton Trust to S. Seshadri for $2,300,000

10 Deep Well Lane, Ravizza Trust to Kissner Trust for $2,145,000

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Transactions

Los Altos/Los Altos Hills

12012 Adobe Creek Lodge Road, H. Williamson to N. Kokemohr for $6,100,000

1531 Awalt Court, R. & C. Cantwell to H. Li for $3,052,500

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State housing market bump bodes well for summer

California’s housing market continued to pick up steam as existing home sales and prices rose in March, with both posting back-to-back increases, according to the California Association of Realtors’ monthly data report.

Closed escrow sales of existing, single-family, detached homes in California totaled 391,680 units in March. Sales in March rose 6.3 percent from February and 7.3 percent from March 2014. The year-over-year sales increase was the first back-to-back sales gain since December 2012 and the largest observed since May 2012.

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Transactions

Los Altos

380 Blue Oak Lane, A. Modica to Arora Trust for $3,200,000

1415 Braddale Avenue, Benedict Trust to Huang Trust for $2,800,000

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New rule could delay closing of escrow

A new mortgage-loan regulation scheduled to take effect Aug. 1 could delay the closing of escrow if not understood by all parties involved, according to lenders.

The Truth in Lending Act – Real Estate Settlement Procedures Act (TILA-RESPA) Integrated Disclosure rule requires changes to the traditional mortgage-loan acquisition process. Issued by the Consumer Financial Protection Bureau, the changes combine the mortgage disclosure established by TILA-RESPA into a single rule. However, a lender panel at a Silicon Valley Association of Realtors meeting reported that the move to simplify the process has created confusion that could delay the closing of escrow if the new rule is not studied carefully.

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Transactions

Los Altos/Los Altos Hills

100 First Street No. 109, Los Altos8 Limited to Hyman Trust for $978,000

100 First Street No. 307, Los Altos8 Limited to Carroll Trust for $1,055,500

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