We posted an item last month about the federal government’s plan to give $2.1 billion to 10 states – California is one – to come up with unique ways of stemming the tide of foreclosures. The California plan has been turned in, and CNNMoney.com reports on the details: California, which will receive $699 million to… CONTINUE
California Foreclosure Filings Drop in April
ForeclosureRadar, an online resource that tracks foreclosure activity across the U.S., reports that California foreclosure filings dropped in April for the first time this year. From HousingWire.com: Notices of default dropped 16% from March, after rising 3.75% from February. Default notices also increased 41% from last year, reaching 27,832 in April. The notices of trustee… CONTINUE
Our Heads a Little Higher Above Water
The Zillow Home Value Index out this week shows that the number of homeowners with underwater mortgages continues to climb, but notes that California home values are on the rise. The Zillow report said that the percentage of single-family home mortgages with negative equity rose to 23.3 percent in the first quarter of 2010, from… CONTINUE
Keeping PACE?
Fannie Mae notified single-family sellers and servicers last week that Property Assessed Clean Energy (PACE) Loans have automatic first lien priority over previously recorded mortgages. Here’s the information from their May 5 lender letter: Fannie Mae has received a number of questions from seller-servicers regarding government- sponsored energy loans, sometimes referred to as Property Assessed… CONTINUE
Told You So
Last week, DRE issued a Short Sale consumer alert statewide “warning consumers and real estate agents about the perils and potential pitfalls of short sales.” (Blatantly commercial message: we’ve had a Short Sale Buyer Advisory posted on our website for awhile now – it’s available at no charge by signing up for a free trial… CONTINUE
Stay or Go?
At the end of 2009, almost 40 percent of California homeowners were underwater with their home loans, and 20 percent had negative equity of 25 percent or more. A recent article at examiner.com examined the pros and cons of strategic default, or walking away from mortgage debt. First, the cons: Foreclosures constitute a loan default… CONTINUE
Rent vs. Buy Debate Heats Up
As the housing market malaise continues, the American Dream of homeownership is facing a more realistic economic paradigm shift. More and more Americans are separating the emotional aspects of home ownership from harsh economic reality and jumping into rentals instead. And many real estate professionals are taking note. Here is an interesting post from a… CONTINUE
Vegas Realtors Roll Dice With New Credit
The federal tax credit for first-time homebuyers may be over, but one Las Vegas brokerage firm is trying to keep the action going with their own version. Coldwell Banker franchises in Vegas and throughout Nevada’s Clark county are encouraging sellers to participate in a program that offers buyers a credit of 3 percent – up… CONTINUE
More Walking
From last Friday’s Wall Street Journal Real Time Economics blog: More homeowners are willing to walk away from their homes voluntarily, according to new research released by the University of Chicago and Northwestern University. About 31% of foreclosures in March were considered “strategic defaults,” in which homeowners walk away when the value of a mortgage… CONTINUE
More Earth Shaking Real Estate News
Last week California geology officials released an updated seismic activity map that includes more than 50 surface fault lines discovered over the last 20 years. The last seismic map update was 16 years ago. The new maps are much more detailed, and have interactive digital versions that are linked to Google maps. Since 1998, real… CONTINUE
California Metros Claim 10 of Top 20 Spots on Foreclosures List
California is #1 again, but not in a good way. According to the newly released Q1 2010 Metropolitan Foreclosure Market Report out last week from RealtyTrac, California metros accounted for 10 of the top 20 metro foreclosure rates. Those metropolitan areas include: Modesto Riverside-San Bernardino-Ontario Stockton Merced Vallejo-Fairfield Bakersfield Sacramento-Arden-Arcade-Roseville Visalia-Porterville Fresno 10. Salinas According… CONTINUE
The New Gold Rush?
If California homebuyers didn’t get in on the federal tax credit that expired last Friday, they can still get a $10,000 credit that kicked in on Saturday, May 1 thanks to California lawmakers. And that has touched off a “feeding frenzy”, according to an article late last week in the Los Angeles Times: “I am… CONTINUE
- « Previous Page
- 1
- …
- 22
- 23
- 24
- 25
- 26
- …
- 35
- Next Page »
