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Hot Property: Cheryl Hines lists Brentwood home at $4,249,000
Plus the VH1 'Ochocinco' estate, Shabby Chic's Rachel Ashwell, Canadian actress Estella Warren, rapper-actor Alvin 'Xzibit' Joiner

Try not to get too excited, but "Curb Your Enthusiasm" star Cheryl Hines and her husband, producer Paul Young , have put their gated Brentwood home on the market at $4,249,000.




Credit rescoring can help you qualify for a mortgage
Rapid rescorings by independent, legitimate firms use procedures approved by the three major credit bureaus. They can help correct errors or omissions that are dragging down your scores.

Call it the great real estate disconnect of 2010: Mortgage rates have been at half-century lows and home prices have stabilized, but applications for mortgages to buy houses have declined most weeks during the last three months, as measured by the Mortgage Bankers Assn.




New residential construction drops in June
Housing starts fall 5% overall from May, single-family home construction is down 0.7% and apartment construction declines nearly 20%, the government says. It's the latest sign of trouble in the housing market.

New residential construction dropped in June, another indication that the U.S. housing market is struggling.




Home prices tick up 1.3% in May
It was the second straight monthly increase, according to the Standard & Poor's/Case-Shiller index of 20 U.S. cities, but experts warn it is not likely to last. Los Angeles, San Diego and San Francisco are among the gainers.

Home prices posted strong gains in May as a federal stimulus program boosted sales. But many experts predict the housing market to soften this year as the effects of government support wane.




Special emergency assessment may be illegal
An association's board approved a levy of $9,000 per unit to repair dry rot and water damage to all balconies. Its CC&Rs probably required a vote of the entire membership.

Question: Our board of directors began building renovations several months ago using money the association was awarded in a lawsuit. They found severe dry rot and water damage to nearly all balconies. The board has approved a special emergency assessment of about $9,000 for each unit. This year I was laid off and have been unable to find a job. I wrote the board informing them that I wouldn't be able to pay the assessment until I found work. Their only reply was that I could take advantage of the 15-year loan option other owners were given. Unemployment benefits barely cover my mortgage payment, and I can't take out a personal loan without a job, so I don't see how I can pay the board's loan option. Does the board have to offer me hardship relief? Do I have any options or is my only choice to let the board put a lien on my home?