Types of Mortgage Lenders | Waccabuc Real Estate

Shopping for a mortgage can feel overwhelming. It’s intrusive because lenders require every detail of your personal and financial life to do their job. It’s complex because rate quotes and associated fees (also known as points) can be presented many different ways, plus rates change daily based on economic conditions. And it’s confusing because there are different kinds of lenders who all have a pitch as to why their model is the best.

If you know how to choose the right lender, you’ll feel more comfortable providing your profile and more confident when analyzing their rate quotes. Here’s a guide to the three main sources for consumer mortgages. Armed with this knowledge, you’ll know how to navigate the available information, and ask the right questions when you’re mortgage shopping.

Retail banks

These companies range from the biggest name-brand institutions down to smaller local banks and credit unions. They underwrite, approve and close loans for consumers, then either keep the loans on their own balance sheets or sell the loans to investment firms, Fannie Mae or Freddie Mac, who bundle the loans into mortgage bonds, aka mortgage backed securities (MBS).

Retail banks usually retain servicing rights, which means you would get your monthly mortgage statement directly from that bank, and the loan agent that handled your loan would remain your primary point of contact for all future inquires.

Advantages: Retail banks are usually a big brand or well-known local brand. These organizations can often be more flexible on loan approvals because they have the option to keep loans on their books, as opposed to selling the loans, which means more stringent underwriting. They also offer non-mortgage financial services like checking, savings, credit cards and financial planning, and they usually offer lower mortgage rates if you use them for additional services like a checking account.

Mortgage banks

Like retail banks, these companies underwrite, approve and close loans for consumers. They then sell the underlying loans to retail banks, investment firms, Fannie Mae or Freddie Mac, who bundle the loans into MBS.

Larger mortgage banks may keep servicing rights, so you’d get your monthly statement from the mortgage bank and retain your loan agent as primary contact for future inquiries. Smaller mortgage banks sell servicing rights along with the loans, which means you’d be contacting the new bank servicer for future inquiries.

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http://www.zillow.com/blog/3-types-of-mortgage-lenders-166562/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+ZillowBlog+%28Zillow+Blog%29

Parisian Flat’s Redo Revolves Around a Terrace View | South Salem Real Estate

It was the terrace that made the owner of this apartment fall head over heels for it,” says architect Manuel Sequeira. He was in charge of the radical overhaul of this 753-square-foot flat in the 20th arrondissement (district) of Paris. “It was her number-one criteria before purchase,” he says. But the client, a manager in the information technology sector, couldn’t fully see the potential of the dark and partitioned apartment at first. It was only after talking with Sequeira, who proposed a modular and open space, with plenty of light, that she was able to picture herself there.

Manuel Sequeira Architecte D.P.L.G

Manuel Sequeira Architecte D.P.L.G

Houzz at a Glance
Who lives here: An IT manager
Location: 20th arrondissement of Paris
Size: 753 square feet (70 square meters)

Sequeira and his client decided to redesign the apartment to enable the light from the terrace to reach every corner. This was when the idea of a modular loft with large windows became obvious.

Manuel Sequeira Architecte D.P.L.G

The apartment was built in the ’70s, and the blueprints reflect the era. Numerous walls, all connected by a long corridor, resulted in dark rooms and less living space.

“The layout of the apartment was poor,” says the architect, who took down the inside walls and created a large living-dining room and a spacious bedroom. “The separation between the living room and the terrace then disappeared.”

 

 

 

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http://www.houzz.com/ideabooks/34693325?utm_source=Houzz&utm_campaign=u860&utm_medium=email&utm_content=gallery7

 

Private boat dock and a bathtub with a view | Katonah Real Estate

One of the last homes where legendary actor Mickey Rooney lived is back on the market for $2.495 million following a massive remodel that rendered it unrecognizable, outside and in.

Before:

Built in 1976, 1400 Redsail Cir — located on the gated island of Westlake Village, north of Malibu — had a “newer kitchen” when Rooney sold it for just over $1 million in April 2013.
The prolific actor died a year later at the age of 93, following a career that included a special Oscar in 1939 for “bringing to the screen the spirit and personification of youth,” a Broadway debut at age 59 and, most recently, a recurring role in the “Night at the Museum” films.
The new owners, Kapilack Investments, hired Cal Western Builders to do a major remodel.
Now the 3,220-square-foot home features 4 bedrooms and a state-of-the-art kitchen:











It also has an alder wood-wrapped fireplace, a fourth bathroom and a master suite that includes a fireplace and a bathroom with a walk-in steam shower and a bathtub with a lake view.

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http://www.zillow.com/blog/mickey-rooney-former-lakeside-home-165398/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+ZillowBlog+%28Zillow+Blog%29

Can Traditional Buyers Save the Recovery? | Bedford Real Estate

The recovery is at a tipping point because traditional buyers are not making up for the decline in sales to investors, who cannot find enough houses to buy profitably.  Cash buyers competing for distressed and low-tier inventory who helped to jump start the overall recovery now are fading from the market.  They have fallen to just 16.8% of all sales, suggesting the shortage of lower priced inventory they seek is the catalyst for stalling gains.

These segments’ rates of growth will likely continue to fall in line with each other as investor engagement dwindles — a result of fewer distressed sale opportunities. As this occurs, markets will be more reliant on performing-only sale demand and price growth, according to the latest market report from Clear Capital.

Moderation continues for the 11th consecutive month. National home price gains fell to 6.7% year-over-year and 1.0% quarter-over-quarter. Meanwhile Distressed Saturation fell to just 16.8% suggesting the shortage of lower priced inventory is the catalyst for stalling gains. National trends were echoed at the regional level, with the West seeing the strongest moderation across the country. In fact, for the first time since the start of the recovery three years ago, the West’s yearly rates of growth fell below 10.0%, a sure sign of more moderation to come.

Improvements in the national economic landscape have not instilled confidence in traditional home buyers (first-time, move-up, second home owners). The general lack of demand in the performing-only segment, coupled with a dwindling supply of distressed inventory, leaves the future of home prices squarely in the hands of traditional home buyers, who have yet to show any signs of re-engaging. Performing-only sales are not yet strong enough to support recovery-sized market growth without distressed sales. It’s been a steady descent for national yearly rates of growth. They have dropped five percentage points from a high of 11.7% in December 2013.

This is due in part to the market’s natural normalization as the correction to the correction subsides and distressed sale inventory dries up. While this is healthy for markets overall, the weakness of price growth in the performing-only segment is further cause for concern. Excluding distressed sales, performing-only national home price growth over the last year was just 4.4%, down from a recovery high of 7.2%. Even more concerning is the performing-only segment’s drop in quarterly growth to 0.6%, nearly cut in half over the last rolling quarter which saw quarterly rates of growth at 1.1%.

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http://www.realestateeconomywatch.com/2014/12/can-traditional-buyers-save-the-recovery/

Camille Grammer's Malibu Home | Pound Ridge Real Estate

If you’re Camille Grammer, it’s never too late to reunite with old friends — or market your home.
During “The Real Housewives of Beverly Hills” premiere last week, the former reality star caught up with current cast members and mentioned she’s still trying to sell her Malibu mansion. This weekend, she lowered her asking price by $1 million.

Now listed for $13.995 million, Grammer’s home at 3250 Serra Rd has been on and off the market since 2012. The current price is a big drop from the original ask of $17.5 million, but it’s still on the high end for Malibu, where the median home value is $2.42 million.

Grammer and ex-husband Kelsey put several properties on the market after their divorce. The “Frasier” star reportedly found a buyer for his Beverly Hills abode last spring.

The 4.75-acre Serra Retreat estate features a gourmet kitchen designed by Wolfgang Puck, a master suite with ocean views, state-of-the-art home theater, horseback riding area and nine-stall barn.
Chris Cortazzo of Coldwell Banker holds the listing.


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http://www.zillow.com/blog/price-cut-camille-grammer-malibu-164963/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+ZillowBlog+%28Zillow+Blog%29

Starter Homes are Still Scarce | Bedford Hills Real Estate

National web sites report inventory remains tight, especially among lower priced starter homes popular with first-time buyers and investors.

The realtor.com October National Housing Trend Report shows that inventory remains tight as total listings have decreased 2.9 percent month over month and 4.8 percent year over year. In October, homes spent approximately 92 days on the market, which is an increase of 2.2 percent month over month and a decrease of 2.1 percent year over year.

However, Zillow reported that inventory of all homes for sale in its site increased by 15.8 percent year-over-year.  Buyers will find the supply of lower-priced homes is growing more slowly than high-priced homes in most of the country.

The inventory of for-sale homes in the bottom home-price tier rose year-over-year in 68.3 percent of the 353 total metro areas analyzed by Zillow, while inventory in the top home price tier rose in 82.2 percent, or 290 of the 353 markets analyzed.

In Denver, there were almost four times as many homes available for sale in the upper price tier (priced at $357,900 or more) than there were homes priced in the lowest price tier (less than $219,000).

The same was true in many other markets. Dallas, Atlanta, Phoenix and Nashville had at least two times more homes for sale in the top tier than the bottom tier.

In 25 of the 35 largest metros analyzed, there were more homes for sale this October than last October in all three price tiers. In 14 of those metros, the increase in number of homes for sale was in the double digits in all price tiers.

“Depending on their finances, it’s likely that individual buyers in the same market might be having completely different home buying experiences. Even as conditions improve for buyers overall, it remains a tough row to hoe for first-time buyers and lower-income buyers, especially compared to their more well-off contemporaries,” said Zillow Chief Economist Dr. Stan Humphries. “We expect more demand to come from the lower end of the market in coming years as millennials overtake Generation X as the largest home-buying demographic. As this happens, builders will be forced to build for these more entry-level buyers, and inventory at the bottom tier should improve, however slowly.”


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http://www.realestateeconomywatch.com/2014/11/starter-homes-are-still-scarce/

An unpredictably neutral nature in the bedroom | Bedford Corners Real Estate

A design instructor of mine once claimed that commercial interiors are so often painted beige because it is the color that best masks grimy smudges from people's hands. Yuck! I think I've been antibeige since that very moment. But I do realize that not everyone likes supercolorful interiors. And in fact, bold hues can sometimes distract from other elements in a room, such as interesting materials, textures, furnishings and fixtures. But going neutral does not automatically have to mean white or beige.

Check out these stylish bedrooms with palettes that are predominantly neutral, along with sample color and material palettes inspired by each bedroom. Some have a few chunks of color thrown in, but the neutral hues can definitely stand on their own.

InHaus Development Ltd

Going Gray

Soft gray is a popular neutral these days, but I say kick it up and go a bit darker, even if you use it only as an accent. Layering various gray shades makes for an elegant, minimalist bedroom.

Jennifer Ott Design

Example palette: Create your own version of Fifty Shades of Gray in the bedroom with (clockwise from top left, all from Pittsburgh Paint): Cracked Slate 540-6, City Lights 549-2 and Silver Charm 541-4, with limed oak.

Kate Davidson Design Inc

Not Quite White

Paint your walls a nice off-white shade that's not too beige and not too gray, and you have the perfect backdrop for adding whatever additional color you want. Colorful bedding and accessories are easy to change, giving you flexibility.

Jennifer Ott Design

Example palette: Clockwise from top left (all from Dunn-Edwards): Mint Julep DE5556, Antique Paper DE6218 and Neutral Valley DE6119, with reclaimed wood.

 

 

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http://www.houzz.com/ideabooks/3023739?utm_source=Houzz&utm_campaign=u810&utm_medium=email&utm_content=gallery17

Here Now, a Monochromatic Look at 1980s Chinatown | Armonk Real Estate

6 images

Photos via My Modern Met
Photographer Bud Glick, who in the 1980s wandered the streets of New York on an anthropological mission, writes that, at that time, "an older generation" of Chinatown's denizens were being replaced by a "rapidly expanding new influx of immigration." His series Chinatown, NY was his attempt to document the neighborhood's transformation. For three years he brought his camera to the the hub in lower Manhattan, not doing much with the negatives for some three decades. A generation later, he's pulled them out and started digitally editing them. "When you look at images from another time, often many years later, you see things you didn't see before [...] your photographic style may have been a certain way but we also evolve."

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http://curbed.com/archives/2014/11/14/chinatown-1980s-photographer.php

Teatown Reservation news | Chappaqua Real Estate

November 12, 2014                                                               PROGRAMS: Advanced Registration is required for all programs. Unless noted, all programs meet in the Nature Center and are $7 per person or FREE for members. Please register by calling (914) 762-2912 ext. 110.  Caring for Exotic Reptiles Sunday, November 16 1 pm - 2:30 pm Join Elissa Schilmeister for this program about responsible exotic reptile care. Learn about the exotic pet trade as we explore the realities of keeping pet turtles, lizards and snakes. Elissa will bring a few reptiles from her own personal collection. This program is for adults only.

Visit Teatown Holiday Birthday  Party Special Book a party and invite a friend to book a party and each save $25 on the booking fee.   Offer ends Dec. 15. Please call 914-762-2912 to book your party.   1600 Spring Valley Road Ossining, NY 10562  914-762-2912  www.teatown.org    Teatown Lake Reservation's   mission is to inspire our community to lifelong environmental stewardship. Nature Center hours: 9 am - 5 pm daily Trails are open 365 days a year from dawn to dusk.   Click here for Teatown membership benefits, details,  and to purchase or renew  your membership online.    Your donation can make   an immediate impact and help   support our environmental education programs and the stewardship of our 1,000 acre preserve.       Shop on Amazon?  Click the link below and a portion of your Amazon purchase will be donated to Teatown! Click here.

Upcoming Events and Workshops: Winter Birds Saturday, November 22  9 am - 10:30 am Winter is on the way! Charlie Roberto will lead a bird walk around Teatown Lake to locate our last lingering songbirds and other birds that remain for the winter. Free. Bats in Peril Saturday, November 22 10 am - 11 am Did you know that bats are in a critical state of decline throughout the northeast due to white-nose syndrome? Come learn all about the curious and often misunderstood world of nocturnal insect-eating bats and what present-day challenges they face. Learn why we should all care about a future without these important little creatures. This program is for adults only. Going Green: Out With the Old & In With  the New Sunday, November 23 11 am - 12:30 pm Reduce, reuse, recycle, turn an old t-shirt into a reusable bag and learn about ways to reduce your ecological footprint. Not suitable for children under 8. In the Nature Center Gallery:   Ceramic Plates & Sculpture  by Barbara Krohn On exhibit November & December 2014 Ms. Krohn and her family have long standing connections to Teatown and we are very pleased to be hosting an exhibit of her recent works.   Click here for more info. Teatown Highlight: Invasive Removal at Teatown    We have been monitoring our lakes for an invasive aquatic plant called Hydrilla (Hydrilla verticillata) that was found in the Croton River just last year.   Hydrilla is highly invasive, capable of taking over various types of waterbodies. It can grow 1 foot per day, and can be introduced to a new area through transport on waterfowl or humans.   Think you have hydrilla in a water body near you? Contact Teatown or click here for more information about hydrilla: http://www.dec.ny.gov/outdoor/85939.html         www.teatown.org

Can a Debt Collector Fax My Employer? | South Salem Real Estate

A reader, Joanne, wrote to us concerned because a debt collector had sent a fax to her employer, and right at the top of the fax was her Social Security number, available to anyone who happened to grab it from the fax machine. Here's what she asked:

Can the debt collection agency send a fax to my employer disclosing my Social Security number on an unsecure fax line inquiring … to fill in employment information about me? I feel violated that they exposed my SSN publicly.

At our request, she sent a copy of the document, and we showed it to Troy Doucet, a consumer protection lawyer who practices in Ohio.

He discussed debt collector letters with us, and indicated placing a Social Security number on a fax is only one potential problem. There could be other concerns that are far more serious.

Can They Do That? 

Debtors are often confused about what collectors can and can't say to others about their debts, including their employer. The good news is that federal law restricts debt collectors' contact with third parties.

Doucet said in an email, "a debt collector may only contact employers, family, or friends for the purpose of locating the debtor, and is prohibited under the FDCPA from conveying information that would indicate the purpose of the communication is to collect a debt." The Fair Debt Collection Practices Act is designed to protect consumers from abusive, deceptive or unfair practices by debt collectors.

The first page of the fax requested job title, dates of employment and address of the employer. Such an inquiry, if it were a genuine effort to locate Joanne, or if she had a judgment against her, would likely be perfectly legal and appropriate. However, without a legal judgment, the request goes beyond what is likely allowed under the FDCPA because it is asking for more than just her personal contact information. Nevertheless, an employer is not required to respond to a faxed request for information.

Are They For Real?

The second page of the fax raises some concerns because it uses language that is often used by scammers to scare consumers into paying debts they may not owe. It lists a "case number" and a message.

"This Law Office is investigating [consumer name redacted] on pending charges out of [consumer's County]. Please complete & return promptly. We also would like a copy provided to [consumer]." That is, the fax also asks the employer to share the letter with the alleged debtor, which may be an illegitimate effort to pressure the debtor into paying.

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http://finance.yahoo.com/news/debt-collector-fax-employer-103028267.html

New Castle Zoning Board Moves Closer To Mosque Vote | Chappaqua Real Estate

The New Castle Zoning Board of Appeals voted to adopt a findings statement for the Upper Westchester Muslim Society’s proposed mosque, a step that effectively ends its environmental review of the project.

The ZBA made the unanimous vote at its Oct. 29 meeting following overviews of several environmental topics by Town Planner Sabrina Charney Hull.

The proposed mosque would be nearly 25,000 square feet and located at 130 Pinesbridge Road, which is in the West End of town. The project includes 120 onsite parking spaces and 15 allotted for landbanking, which means potential future use. The society, which is also called UWMS, has proposed having offsite parking at several nearby locations, which would be used for two major holidays. Busing would then be used to bring people to the site. If UWMS is not unable to secure enough offsite parking, then it proposes to cap attendance.

The proposed mosque has been met with concern from several neighboring residents who worry about traffic , potential septic failure and impact on a nearby lake. During her overview discussion, Hull noted that the applicant has committed to pumping out the septic tank and overflow tank prior to holidays. Hull, discussing hydraulic connectivity, explained that the lake is not connected to the site.
The next step for the ZBA is to vote on whether to grant UWMS a special permit for the mosque. ZBA Chairman Kenneth Cooper does not expect a vote at the board’s November meeting because they have not seen a draft of the permit’s language.

“So it would be, I think too quick a turnaround to expect it that soon,” he said.

A vote on the permit, according to Cooper, depends on how quickly it is drafted and on how quickly they are able to give input.

Adoption of the findings statement followed acceptance of a Final Environmental Impact Statement (FEIS) for the project. The FEIS, in turn, was the successor document to the project’s Draft Environmental Impact Statement (DEIS). the Muslim Society revised its project earlier this year to expand a setback near an neighboring property and to include its current parking proposal.
Hussein Elzoghby, a Muslim Society board member, expressed satisfaction with the findings statement being consistent with what they worked on previously in the DEIS and FEIS.
The atmosphere at the Zoning Bosrd meeting was markedly different from earlier ones, with turnout being considerably lower. The previous meetings were for public hearings pertaining to the project.


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http://chappaqua.dailyvoice.com/news/new-castle-zoning-board-moves-closer-mosque-vote

Darling Red-Brick 'Castle' in the Hamptons Wants $4.3M | Bedford Hills Real Estate

So what if this historic red-brick house is moatless and only 2,900 square feet in size—its characteristic ivy-covered turret has got the oceanfront town of Southampton, New York, calling it "the Castle" nonetheless. Built in 1911, the three-bedroom dwelling was most recently purchased by noted Manhattan interior designer William Sofield in for $830K in 1999. After over a decade of careful restoration, Sofield has listed the home for $4.3M.

There are two bedroom suites on the main level and a sunny master bedroom up in the turret. Sofield has tried to revive the home's original arts-and-crafts style décor, complete with retro appliances in the kitchen and plenty of wooden furnishings throughout. The petite residence also has a surprising treat in the backyard: right next to the heated gunite pool, there's a design-y gazebo formed by elaborately carved openings.

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http://curbed.com/archives/2014/11/04/southampton-ivy-castle-william-sofield.php

Location Is King | Bedford Real Estate

The real estate adage “location, location, location” has been around for decades. Real estate agents, investors and experienced home buyers will tell you that location trumps everything. I always advise clients that you can make changes to a home, but you can’t change the location — short of moving the house.

Some neighborhoods change over time, of course, and most improve rather than getting worse. So as you set out to buy a home, should you look for the best home on the worst block? The worst home on the best block? The best home on the best block? (In real estate, “block” is a loose term for an area or neighborhood.) Here’s what you need to know.

How to buy in a great area at a lower price

A home could be in the best school district in the top neighborhood of any town, but if it’s on a busy street, across from a commercial center, next to a school or near a freeway on or off-ramp, that home’s value will always be significantly less than the values of comparable homes nearby. If you want to be in a great area but don’t want to pay top dollar, buying a home near a slightly undesirable feature could be an option, so long as the broader location is good.

The worst house on the best block: go for it, if you’re willing to work on it

If you have a good location, nobody can take that away from you. Smart real estate investors and developers know that if a home is in a good location, it’s a good investment. In places like San Francisco, it’s not uncommon to see 10 developers make offers on an absolutely ugly, tear-down house simply because of the location. If it’s a good house, there’s a huge upside for the person who renovates it.

For a home buyer who wants to live in the home and isn’t afraid of a little work, this is the best purchase to make. Why? Because once the renovations are done, you’re sitting on equity. The lesson here: Don’t be afraid to buy a home that needs work, particularly if it’s in a prime location.

The best house on the best block: a great choice if you plan to stick around

Buying a fully renovated home in an A+ neighborhood is a safe choice because it will likely hold its value. But it will not have the same upside seen by its fixer-upper neighbor down the street. While there will likely be dozens of buyers lined up to purchase a move-in ready home on a prime block, a home buyer needs to understand that they’re paying top market value for the house.

In this next generation of real estate, the world moves faster. People get job transfers more often, and it’s less common for someone to stay in their home for 30 years. If you pay top dollar for the best house on the best block and then have to sell it within a few years, your investment may not have time to appreciate enough to cover your selling closing costs.

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http://www.zillow.com/blog/location-is-king-in-home-buying-163569/

Comfort Food and Garden Strolls in Crown Heights/Ditmas Park | Pound Ridge Real Estate

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Photos: Driely S. for Racked

Crown Heights may have been anointed the next "up-and-coming" neighborhood by The New York Times, but it hasn't peaked at full-blown, chain store-stuffed popularity just yet. Instead, the area is buzzing with new businesses, delicious eats, talented artists, and a strong vintage game. After feasting on comfort food, caffeinating with strong coffee, and stocking up on pre-loved fashion and hard-to-find books, Ditmas Park—home of the Brooklyn Botanic Garden—is a quick stroll away. Here's how to hit up the best of both neighborhoods in one Saturday.

• 
  ↑ Start your day on a Southern note with down-home cooking at Catfish (1433 Bedford Avenue). This cozy neighborhood spot serves up thoughtfully prepared comfort food with a side of spice. Tuck into chicken-fried steak with eggs, a catfish po’boy, or shrimp and grits, and complement your meal with a kick in the form of a Creole Bloody Mary.
• 
  ↑ Temporary tattoos, handmade chocolates, candles, greeting cards, jewelry, toys for babies, sweaters for dogs—Owl & Thistle General Store (833 Franklin Avenue) is full of the kinds of things you never knew you needed. The inventory is eclectic with a crafty, locavore slant. You’ll find unique gifts, not to mention snacks from Brooklyn favorites like McClure’s, Nunu and Brewklyn Grind Coffee & Tea Co.

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http://ny.racked.com/archives/2014/10/31/perfect_saturday_crown_heightsditmas_park.php

L.A. Trophy Home with Neutra Addition Returns at $2.55M | Bedford Corners Real Estate

Location: Los Angeles
Price: $2,550,000
The Skinny: Built in 1949 for Oscar-nominated screenwriter and Mr. Magoo co-creator Millard Kaufman, this 2,503-square-foot dwelling features a lower-level master suite designed by celebrated Austrian-American modernist Richard Neutra. When it was on the market back in 2012, Curbed LA could find no mention of the architect behind the rest of the home anywhere, but given that the grounds were done by landscape architect Garrett Eckbo, they guessed it was the work of the under-appreciated Josef Van der Kar, who collaborated with Eckbo on all of his projects. The four-bedroom home has redwood built-ins, long walls of glass, a fireplace in the living room, a swimming pool out back, and multiple decks and patios, from which the view looks pretty swell.

                      

The place has changed hands a pretty remarkable six times since 1997. Since June of 2012, when it was listed by interior designer Thierry Marchand—who sold it for $1.8M to someone who later nabbed $2.2M for it in June of this year—the only obvious difference in this oft-flipped abode is that the colored walls in the non-master bedrooms and one of the bathrooms have been painted white. Fun fact: as Curbed LA reported on that occasion, the home is "sandwiched between a John Lautner, a Rudolph Schindler, and a couple of Buff & Hensmans," so it's definitely in good company.


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http://curbed.com/archives/2014/10/30/millard-kaufman-residence-neutra-addition-for-sale.php