Newport Beach, incorporated in 1906, is a city in Orange County, California, 10 miles (16 km) south of downtown Santa Ana. As of January 1, 2009, the population was 86,252. The current OMB metropolitan designation for Newport Beach lies within the Santa Ana-Anaheim-Irvine area. The city's median family income and property values consistently place high in national rankings making Newport Beach one of the wealthiest communities in California, and in United States overall. As of February 2010 Portfolio. com ranked Newport Beach, California the richest U.S. city. The Daily Pilot, Costa Mesa, CA a neighboring city newspaper reported more than a quarter households have an income greater than $200,000, and the median value for homes exceeds $1 million.
What is real estate law?
Real Estate Law refers to laws and regulations that regulate land and things permanently fixed to the land such as a building. Real estate is synonymous of real property and sometimes called realty. Real estate lawyers deal with issues as varied as real estate transactions, as in the sale and purchase of real estate, construction defects, landlord-tenant disputes, eminent domain, 1031 exchanges, foreclosures and mortgage law to name a few.