Billionare's Mansion Fetches $65 Million

What housing slump? This 12,000 square-foot mansion owned by the family of billionaire mining magnate Robert Friedland his in escrow...for it's full $65 million dollar asking price. This is a record for Northern California.

What's so special about this place? Well, the home sits on a hilltop on Belvedere Island, about 15 miles north of San Francisco, and has views from the Golden Gate Bridge to the San Francisco-Oakland Bay Bridge.

Mortgage Default Notices Fall by 31%

SAN DIEGO – The pace of foreclosure activity in San Diego County slowed markedly in November, but analysts say it's too soon to predict an end to the surge in defaults that has characterized 2007.
The number of notices of default in the county for last month totaled 1,463, down 31 percent from the 2,119 in October, DataQuick Information Systems reported yesterday.
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