There are two affordable housing organizations who have quietly started a program that adds affordable homes to the Marin County. Northbay Family Homes or NFH and its financing affiliate, the Suburban Alternative Land Trust bought the first two houses in a 20 home workforce housing program in January. The properties are three-bedroom, two-and-a-half bath townhouses [...]
As predicted at the beginning of the year foreclosures are on the rise in Bay Area. The foreclosure lull was due to the paperwork scandal, but as lenders resumed their foreclosure processes, the numbers are on high levels again in Santa Clara and San Mateo counties in January. But this isn’t going to stop here: [...]
Solano County foreclosure activity declined in January, although most of the Bay Area saw a significant increase. Daren Blomquist, director of marketing and communication for RealtyTrac which released a report containing the numbers last week, said Solano County saw a 17% fall in foreclosure posting compared to last year. The percentage of homeowners here who [...]
The longtime popular destination for Napa-area families looking for mini golf or go-karts, the Scandia Family Fun Center is creating its way out of Chapter 11 bankruptcy and foreclosure. The Fun Center was hardly hit by a tough economy, failed expansion plans, increased competition and the most a troubled bank loan. In their bloom age, [...]
Just weeks after acquiring the new ownership, a luxury resort group which hold the iconic Claremont Hotel & Spa in the Berkeley Hills, filed for bankruptcy protection. Tuesday’s bankruptcy filing included four other luxury hotels around the country that the group CNL-AB seized from Morgan Stanley during a foreclosure auction last week. The luxury hotels [...]
California courthouse steps get filed with investors and other interested buyers every weekday across the state. Now the FBI investigates whether some real estate speculators are illegally rigging bids for these sales. “Last week, the FBI conducted interviews and executed search warrants through the entire Bay Area as part of a long-term investigation of anti-competitive [...]
San Francisco Bay Area home prices were down 1.3% in December, because foreclosures accounted a much higher percentage of transactions than usual, Bloomberg reported. The median price of a new and resale house and condo in the region was $375,000, which means a $5,000 drop from $380,000 for both November and a year prior, MDA [...]
