There are sings for improvement across the board, but these are quite week at the moment. Last month, the number of homeowners who received notice of default dropped in the Bay Area in Contra Costa County, according to a report posted by RealtyTrac. In addition Contra Costa County and Alameda County registered a decline in [...]
A group of homeowners from San Jose filed a class-action lawsuit against Aurora Loan Services LLC alleging the mortgage company made them pay thousands of dollars each to have troubled mortgages reviewed by the company. Aurora promised them loan modifications, but the homeowners woke up with their properties foreclosed with little or no notice. The [...]
Short sales increase made this type of real estate transaction common, so this is part of the options list for a homebuyer. In fact, a report published by RealtyTrac revealed that short sales now represent almost one third of all residential sales in the country. In Tampa Bay, those numbers are likely to be higher, [...]
San Francisco has the name and fame behind it as the number one town in California State, ever since the period of Gold Rush, centuries back. Migration of people – not only from other parts of the country – but people from other countries like China as well, was the order for many years in [...]
The competition for bargains have a high influence on the Bay Area housing market, specially in Oakland and nearby San Francisco. In this case bargains mean foreclosed homes. These areas have a high number of distressed properties: nearly three of every 1,000 homeowners lost their homes to foreclosure in May – a Zillow report shows. [...]
A Business Report appearing in San Francisco Chronicle analyses the above question in detail. Here are some of the interesting points raised: To refresh memory – federal government announced tax incentives to make way for speedy recovery of economy and enthuse home buyers to engage in buying activity. To become eligible for the tax break [...]
Although both seem remotely connected with each other, the BP’s Gulf oil spill – presently affecting only dolphins, birds and other animals so far – is creating a scare among the real estate business people, in that it will affect the property values of those cities having seashore – including San Francisco Bay Area. Trulia.com [...]
It is reported that a new legislation in California in the offing, would extend protections for distressed home owners caught under foreclosure – even if they had refinanced the original mortgage. The State Senate approved the new law in June and it was passed by a State Assembly Committee last Tuesday. The final voting is [...]
