The short sale has its genesis in pure hardship. The mortgagor is financing a debt that is embarrassingly under secured and they wonder what economic sense is inherent in such conduct. The lender is facing commensurate frustration as their security evaporates by the day. At some stage both have to act according to what is [...]
There are large number of foreclosures in bay area. In the month of March alone, as many as 11,000 homes are reported to be in some stage of the foreclosure process. The increasing foreclosure rate has significantly led to the decrease in the property tax revenue generated by the government and an estimate of about [...]
Certainly the banks are feeling the pinch. Even though the financial institutions receive as much Executive support as the autonomy they are willing to forgo, the ensuing regulation of the financial system means that the banks will be soon laden with policy and procedure. These polices of course will err on the side of conservative [...]
The centre of the Dot Com controversy in 2000, Silicon Valley in the South Bay district has retained some of the highest quality intellectual property in the world. The largest participants in technological commerce choose their place of business to be San Francisco’s South Bay. While unemployment has been an inevitable consequence to the economic [...]
To some it may seem anomalous that property values in the South Bay district of San Francisco have emerged relatively unharmed after the global financial crisis, and indeed this is the case however, the San Jose district has also suffered from the lack of development funding. Residing in the most populous state in the United [...]
In last December prices as well as sales picked up for the third running month with the media jumping to $380,000 from what it was a year previously – $50,000. 7,828 deals on new and old single family houses and condos were closed showing 13.6% increase from what it was a year previously. The media [...]
The crawling up of price of residential houses in some regions of East Bay caused some to think that the collapse in the market was now history. But trends indicate that the double dip factors are showing up. Unemployment troubles came close on its heels as a chain reaction set it. The lengthy intense recession [...]
Reserves fall short of covering non-performing assets at 110 of 181 small-cap banks and institutions on the Russell 2500 Financial Services Index, according to first-quarter data compiled by Bloomberg. Non-performing assets are mostly loans 90 days or more overdue. Read Full Article Tags: Non+Perfoming+Assets, Housing, Lending
