Month: May 2022

Marc & Tiffany Angeles An over-the-top modern mansion in Bel Air was listed for $87.8 million for an auction this week. But the highest bid came in just under $45.8 million, according to the home’s seller, dermatologist-turned-developer Alex Khadavi. “Horrible, Horrible, Horrible!” was how Khadavi characterized the auction results to CNBC. He filed for Chapter
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SDI Productions With soaring prices and record home equity, you may expect a profit from selling your property. But the windfall may trigger an unexpected tax bill next April.  While home profits dipped slightly, the typical single-family seller still scored a $103,000 gross profit during the first quarter of 2022, according to ATTOM, a nationwide
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Americans are more stressed about money than they’ve ever been, according to the American Psychological Association’s latest Stress In America Survey. “Eighty-seven percent of Americans said that inflation and the rising costs of everyday goods is what’s driving their stress,” said Vaile Wright, senior director of health care innovation at the American Psychological Association. More
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In New York, commercial mortgage foreclosures can take years. Mortgage lenders find themselves tempted to short-circuit the process by taking, as additional collateral for their mortgage loans, pledges of equity interests in the borrower entities. Here, the members of the limited liability company borrower pledge their membership interests to the lenders to give the lenders
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Modern litigation entitles either party in a dispute to require the other party to dig through its files and computer records and hand over all sorts of documents and other information that could be “relevant” to the litigation. This process, called “discovery” or sometimes “disclosure,” often requires more work and creates more visits to the
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Cooking and real estate have some qualities in common. Sam Sifton, the New York Times food writer, engages so many readers, cooks and non-cooks alike, both because he personalizes his columns and he engages with the totality of cooking: the craft, the emotional benefits, and the social significance of sitting down together to eat delicious
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