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California Foreclosures News

What recession? High-tech Silicon Valley is hot again Saturday, July 16, 2011 @ 8:38PMInvestors pile into Internet IPOs and start-ups As she unloaded groceries in the driveway of her Palo Alto, Calif., home, Lisen Stromberg was approached by a real estate broker who asked whether she'd be willing to sell her five-bedroom house to a senior Facebook executive.
Home auction draws hungry buyers to Oakland Saturday, July 16, 2011 @ 7:35PMThere was a free, open to the public auction on Saturday in Oakland with homes from all over Northern California up for grabs.
Calif. June home sales down 11 percent from '10 Saturday, July 16, 2011 @ 8:17AMHome sales in California got a minor boost in June, but activity was still slower than it was a year earlier, a tracking firm reported Thursday.A total of 38,975 homes were sold in the state last month, up 9.
New home market down but not out Saturday, July 16, 2011 @ 4:54AMWorkers frame new homes on Friday at Escena in Palm Springs. After a lull in construction, the development is bustling with construction activity. / Michael Snyder The desert sun
California may join probe of Wall Street's role in mortgage meltdown Thursday, July 14, 2011 @ 8:28PMNew York's and Delaware's investigation could lead to criminal charges against financial executives. 'California was disproportionately harmed by the mortgage crisis, and our homeowners badly need relief,' the state's attorney general says. California is considering joining New York and Delaware in a wide-ranging investigation into Wall Street's role in the mortgage meltdown that could lead to ...
Island Profile: A couple of city lawyers find refuge on the Island Wednesday, July 13, 2011 @ 5:23PMPhyllis Gangel-Jacob is many things. At the age of 81, she’s a retired justice of the New York Supreme Court, a former Criminal Court judge, grandmother of four, mother of Jamie Gangel, the national reporter for the Today Show, a judicial hearing officer for the New York Supreme Court, the mother-in-law of Daniel Silva, the [...]
Census Report 1999-2000 to 2009-2010: The more Lindsay changes, the more it stays the same Wednesday, July 13, 2011 @ 1:10PMThere are a lot more people enjoying Sweet Brier Plaza during the day, but that may not be a good sign for Lindsay’s residents. On the surface, Lindsay looks like a completely different city last year than it did in 2000.
Foreclosures gone wrong can haunt unaware homeowners Sunday, July 10, 2011 @ 1:48AMLenders continue to make foreclosure mistakes despite extensive publicity and promises to fix problems.
DWP makes list of most hated firms Sunday, July 10, 2011 @ 12:31AMUtility gets poor marks for billings, rate proposal.
The lost frontier Saturday, July 9, 2011 @ 4:39AMWay back last century, America went space happy. Astronauts were rock stars, flying in the face of gravity and Earth-bound limits, setting celestial records nearly every day. Lost in our love of space, we gazed up at the flecks of glitter in the night sky and wondered what was out there and how far we might someday go. For the past 30 years, Nasa’s space shuttles have served as the primary ...
Brown vetoes bill to revive senior property-tax help Saturday, July 9, 2011 @ 12:09AMSACRAMENTO - Gov. Jerry Brown vetoed legislation Friday that would have revived a state program that allowed thousands of low-income seniors and disabled people to postpone their property taxes without risking foreclosure.
Rep. Giffords absent, but presence remains Friday, July 8, 2011 @ 8:22AMDespite lack of a vote, staff serving constituents.
Fitch Affirms California Dept. of Veterans Affairs GO & Rev Bonds at 'AA-'; Outlook Remains Negative Thursday, July 7, 2011 @ 2:21PMNEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AA-' rating on $799.5 million outstanding State of California Veterans general obligation (GO) bonds and $546.7 outstanding California Department of Veterans Affairs (Cal Vets, or the Department) home purchase revenue bonds. The Outlook for the GO and revenue bonds remains Negative. RATING RATIONALE: --The Negative Outlook is based on ...
Stupid (California) Guaranty Tricks Thursday, July 7, 2011 @ 5:22AMIt’s interesting how badly guaranties can get screwed up in California commercial real estate loans. You wouldn’t think it would be that hard: the basic idea of a guaranty is fairly simple, and, after all, lots of loan documents started with forms written by reasonably competent lawyers.
Landlords Limit Freebies as U.S. Apartment Vacancy Drops to Three-Year Low Thursday, July 7, 2011 @ 5:18AMThe apartment vacancy rate fell to 6 percent in the three months ended June 30 from 6.2 percent in the first quarter and 7.8 percent a year earlier, the New York-based property research firm said in a report today.
Veteran Realtor opensDave Clark Realty in Post Falls Thursday, July 7, 2011 @ 3:33AMPOST FALLS - Dave Clark knows real estate.
Local home prices slide again, but market may be stabilizing Wednesday, July 6, 2011 @ 4:50PMHome sales were relatively flat last month despite lower prices, but a spike in pending sales may indicate the real-estate market is slowly regaining its footing.
Making Good: Your Treasure Valley business community: accomplishments and promotions. Tuesday, July 5, 2011 @ 5:54PMJorene Batali, a Scentsy independent consultant, was named Up & Coming Business Woman of the Year by the Boise and Southern Idaho Chapter of the National Association of Women Business Owners. Kitty Fleishman, Idaho Magazine, was named Trail Blazer. Tammy de Weerd, mayor of Meridian, was honored for leadership.
Moody's: The Rocket City Ranks #1 for Employment Growth; Shows Huntsville, TurnKey Ventures To Be a Safe Investment Saturday, July 2, 2011 @ 12:35AMThere's a high quality of life in Huntsville, AL; Moody's asserts steady markets and long-term security.TurnKey Ventures in Huntsville AL is the who and where of the investment equation. Huntsville, AL (PRWEB) July 01, 2011 According to Moody's, Huntsville Alabama "The Rocket City" ranks #1 in the nation for employment growth during the recession. TurnKey Ventures in Huntsville Alabama offers a ...
Personal Finance: Paving the way to saving: Start now, even a few bucks Friday, July 1, 2011 @ 10:28PMIt's July: School's out, summer's on … and the financial surveys are out in full force.
Builder Lennar Bulldozes Forlorn, Empty Homes Friday, July 1, 2011 @ 11:35AMAs builders struggle to compete with bargain-priced inventory, particularly foreclosures, theyve downsized and simplified new homes. They are also tearing them down.
West Coast Democrats fault Obama on housing Thursday, June 30, 2011 @ 7:54PMWASHINGTON - President Barack Obama has made numerous visits in recent months to rejuvenated auto factories and high-tech companies to tout his economic policies to address high unemployment.
Is the American dream still housed within four walls surrounded by a mortgage? Thursday, June 30, 2011 @ 4:04PMA foreclosure sign hangs on a fence in front of a foreclosed home on April 6, 2011 in Richmond, California.
Rate of delinquent Las Vegas homeowners falls for 15th month Thursday, June 30, 2011 @ 1:56PMThe percentage of Las Vegas homeowners delinquent in their mortgage has fallen for 15 consecutive months, according to a California research firm.
In the fight against affordable rental housing, everyone stands to lose Thursday, June 30, 2011 @ 12:32PMCushing N. Dolbeare was an early adopter. In 1974, she founded the Ad Hoc Low Income Housing Coalition as a response to the Nixon administration placing a moratorium on federal housing programs.
Between the Lines: Manipulating Obama Thursday, June 30, 2011 @ 4:10AM*The reelection bid of President Barack Obama has posed some interesting dilemmas for those who helped push the change agenda. The change agenda has evolved into a manipulation agenda, whereby everybody has a new demand for the President. The new demand is an extension of the old demands of classic “stakeholder” politics; what did the [...]
Oakland quietly reels as Brown signs bills eliminating redevelopment Wednesday, June 29, 2011 @ 8:34PMGov. Jerry Brown signed two bills eliminating the state's redevelopment agencies and allowing them to pay a total of $1.7 billion to revive themselves, he announced Wednesday, triggering a promise by his opponents to file a lawsuit and sending Oakland and numerous other California cities into a hushed, cautious damage control effort.
KB Home Reports Wider Quarterly Loss as Orders Decline in Housing Slump Wednesday, June 29, 2011 @ 7:37AMKB Home (KBH) , the Los Angeles-based homebuilder that targets first-time buyers, reported a wider second-quarter loss as new orders and revenue decreased amid weak demand for new houses.
HOUSING: San Diego home prices rise slightly in April, but down from last year Tuesday, June 28, 2011 @ 10:35AMHouse prices in San Diego County in April rose slightly compared to March, as house buying season warmed up, but prices were 4.3 percent lower than they had been in April 2010, an index said Tuesday.
HOUSING: San Diego home prices rise slightly in April Tuesday, June 28, 2011 @ 10:35AMHouse prices in San Diego County in April rose slightly compared with March, as homebuying season warmed up; but prices were 4.3 percent lower than they had been in April 2010, a respected index said Tuesday.
HOUSING: Case-Shiller: San Diego house prices rise slightly in April, but down from last April Tuesday, June 28, 2011 @ 9:45AMHouse prices in San Diego County in April rose slightly compared to March, as house buying season warmed up, but put prices were 4.3 percent lower than they had been in April 2010, a respected index said Tuesday.
Home prices up in April for the first time in eight months Tuesday, June 28, 2011 @ 9:22AMA closely watched index of home prices in America's largest cities ticked up in April over March, the first such improvement in eight months, though experts attributed the increase largely to seasonal variations. Prices of previously owned single-family homes rose a modest 0.8% in April over March but were down 4.0% from April 2010, according to the Standard & Poor's/Case-Shiller index of 20 ...
Reverend Jesse Jackson’s PUSH Celebrates 40 Years Tuesday, June 28, 2011 @ 8:56AM*This past week, reports Gospel Today, Rev. Jesse Jackson hosted thousands from near and far in Chicago at the 40th annual PUSH Convention. The week’s theme: “A More Perfect Union: Closing the Gap.” Still standing for civil rights, Jackson warned that voting rights are under attack and inequities have heightened regarding foreclosures, underemployment, lack of [...]
Hispanic population growth has big effect Monday, June 27, 2011 @ 1:50PMYoungsters, many Latino, see their futures intertwined with mostly white baby boomers.
Pinning down pension benefits Monday, June 27, 2011 @ 2:09AMFor 12 years, Joanne Parke was an auto delivery driver and yard foreman, helping shuttle hundreds of new Volkswagens, Porsches and Audis from California's Port of Oakland.
The Insistent Question: Where Are The Jobs? Sunday, June 26, 2011 @ 3:19PMThe legislation ensured that for all of this year all jobless workers who reach the normal six-month cutoff point for unemployment benefits – estimated at about four million – would automatically have their payments renewed.
'Green Building' A Green Shoot In Construction Slump Thursday, June 23, 2011 @ 2:37PMNew construction may be in the dumps, but some green building is popping up in the dry landscape. It's a budding trend in a stagnant industry, say building experts, including panelists at a Standard & Poor's Housing Summit this month.
A sliver of hope for California housing market Wednesday, June 22, 2011 @ 1:54PMCalifornia's mangled real estate market saw a sliver of promise Tuesday, despite a downward nat
U.S. Stocks Are Little Changed as Fed Maintains Record Stimulus Wednesday, June 22, 2011 @ 12:51PMU.S. stocks were little changed, following a four-day rally for the Standard & Poor’s 500 Index, as the Federal Reserve said it will end its $600 billion bond- purchase program while maintaining record monetary stimulus.
More than 20 years until home prices reach pre-bust levels, Moody's says Wednesday, June 22, 2011 @ 11:02AMLas Vegas homeowners will have to wait until 2020 to get back half the value of their home lost during the housing collapse and more than 20 years before getting it all back, according to a Pennsylvania research firm. The struggle of the housing market, in part, is why Moody’s Analytics forecasts the economic recovery will be slow in Southern Nevada.
Report: Shadow Inventory Continues To Decline Nationwide Wednesday, June 22, 2011 @ 10:22AMThe country's current residential shadow inventory as of April declined to 1.7 million units, representing a five-month supply, according to California-based CoreLogic, a provider of information, analytics and business services.
The Law Offices of Joseph M. Tosti is Expanding Their Internet Presence through Multiple Websites Wednesday, June 22, 2011 @ 8:00AMIrvine Bankruptcy attorneys at The Law Offices of Joseph M. Tosti are easy to find in Southern California through their new sites.
New budget cuts jobs, uses reserves Wednesday, June 22, 2011 @ 1:38AMThe city of Santa Maria cannot continue to balance its budget using reserve funds, expense deferrals and departmental cuts.
County facing slow economic recovery Wednesday, June 22, 2011 @ 1:34AMLOS ANGELES - Los Angeles County's economic recovery has been slow and sputtering, but two Southland experts figure there's cause for hope.
US Homeowners refinancing to add equity Sunday, June 19, 2011 @ 3:54AMWhile millions of U.S. homeowners have negotiated lower monthly mortgage bills in an effort to avoid foreclosure, Cecelia Kirchman happily added $250 to her payment when she refinanced last August.
The 10 Cities Still Getting Killed By Foreclosures Thursday, June 16, 2011 @ 8:23AMWe decided to look at the 10 metro areas that have the highest foreclosure rate, most of which are from the sun belt. All of the top 10 metro areas are from California, Michigan, Arizona, Nevada.
California home sales fall 13.3% in May Wednesday, June 15, 2011 @ 8:26PMWith homebuyer tax credits having expired and little job growth, home sales and prices have remained weak this spring. The median price for a home in California was $249,000 in May, down 10.4% from the same month last year and unchanged from April, a report says. Sales of homes in California plunged 13.3% in May from the same month a year ago, when tax incentives were fueling the market ...
Home prices in Southern California drop in May Monday, June 13, 2011 @ 1:43PMSouthern California's median home price fell more than eight percent last month to $280,000 from May 2010, its largest year-to-year drop in 20 months.
Rent-to-own products enticing -- and costly Sunday, June 12, 2011 @ 11:56PMRent-to-own stores offer a powerful temptation for people who want new furniture or the latest TV but can't afford them.
Negative Equity Ducks a Bullet Sunday, June 12, 2011 @ 1:21PMRISMedia, June 13, 2011— Despite double dipping to their lowest levels since 2009, housing prices in the first quarter failed to drive up the percentage of homeowners who are underwater on their mortgages. In fact, modest reductions in the number…