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 [...]
Bay Area home sales were up from November to December at a time, when interest rates have started to climb from record lows and sales of foreclosed homes are starting to creep up, according to data released there days. The MDA DataQuick report says that home sales were up on a month-to-month bases, but not [...]
"There is a backlog of inventory of homes that are in the process of being foreclosed, or are already foreclosed and are yet to be listed. There is a lot of inventory that has yet to hit the market," said Faramarz Moeen-Ziai, a mortgage banker with San Ramon-based Bank of Commerce Mortgage. "Total properties receiving [...]
The number of bay Area homes that were in some stage of foreclosure was declined almost 5% in 2010, a better showing compared with the national market. Looking back to 2010 and analyzing these numbers we can say that this is an encouraging sign in this 4 year old foreclosure crisis, but high unemployment rate [...]
A Bay Area soldier has got back home for the holidays. The good news for him and his family is that they can really call that property home. A year ago the family was one step away from losing their home of 10 years. Fortunately, the holidays brought their smile back to their faces: they [...]
