Real Estate News: Tax Liens Trigger More Foreclosures ...

By WSJ Staff

Here is a look at real-estate news from the weekend and today in WSJ:

Tax Liens Trigger More Foreclosures:?Although mortgage default is behind most home foreclosures in the U.S., the number of foreclosures tied to delinquent tax payments is climbing.

Insurance Deductibles Soar:?Percentage-based deductibles long have been used for earthquake coverage in California and property coverage in hurricane-prone coastal areas. But they are spreading well beyond that, one of the reasons your homeowner?s insurance now probably covers less while costing more.

House of the Day:?The owner of this 11,000-square-foot, lakefront home in northwest Idaho incorporated nature both inside and out of the property with an homage to American Indian art.

Europe House of the Day:?This four-bedroom hilltop villa with a separate one-bedroom cottage has been created by the South African artist Jeanette Finn.

Asia House of the Day:?Tucked away in a suburb of New Taipei City, Taiwan, is this three-story townhouse with a basement-level master bedroom that has direct access to the pool and plenty of light.

Greater New York:

Condos, Co-op Boards Face Bigger Risks:?A state appellate court decision handed down last week makes it easier for individual board members to be personally sued for damages when co-op or condo boards are taken to court by spurned apartment applicants or unhappy residents.

Deep Roots in Staten Island?s West Brighton: A real-estate profile of Staten Island?s West Brighton neighborhood.

New Nets Arena Proves a Magnet:?When the Nets win a game at the new Barclays Center, where will the after-party be held?

The Commish: A Breeze on Fifth Avenue: $707 million ? the price that Vornado agreed to pay for retail space at 666 Fifth Ave.

Source: http://blogs.wsj.com/developments/2012/07/16/real-estate-news-tax-liens-trigger-more-foreclosures/

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