$2.4 Million Homes in California

Altadena | $2.365 Million A 1917 Craftsman bungalow with five bedrooms and two bathrooms, on a 0.4-acre lot This house, among the first to be built on its street, is a few blocks from Lake Avenue, one of the area’s main thoroughfares. It is less than a 10-minute walk from a coffee shop, a hardware…

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What is a ‘Zombie Mortgage’?

For most buyers, mortgages are the cornerstone of purchasing a home. Sometimes a second mortgage is necessary, too, to cover the down payment, for instance. But what happens if that second mortgage seems to have been forgiven but actually still exists? Introducing: the “zombie mortgage.” These aren’t creatures from the underworld, but mortgages that homeowners…

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