By Kevin Chiu The threat of bad credit isn’t hurting millions of former homeowners who have undergone foreclosure when it comes to finding a new place to live. Landlords are even getting used to hearing from foreclosure victims applying for homes and apartments to rent. In fact, the plight of former homeowners isn’t even considered… Continue reading Former Homeowners Not Hurt By Bad Credit
Category: California
California housing market
Taking a Loss On Your Own Home
By Kevin Chiu It’s a beating that’s hard to take –a financial loss on your own home. Just a handful of years ago you couldn’t go any where in public without over hearing how hot the housing market was. People were buying and selling property as much as they could afford or were allowed to.… Continue reading Taking a Loss On Your Own Home
Ozzy Osbourne Rocks to New Home
The Prince of Darkness, rocker Ozzy Osbourne has listed his home on the market for sale in the Hidden Hills area of Los Angeles for nearly $13-million. The former lead singer of Black Sabbath has been a hard rock star for almost 40 years, and until recently appeared in a MTV television reality series featuring… Continue reading Ozzy Osbourne Rocks to New Home
Real Estate Investors Plead Guilty to Auction Bid Rigging
By Mike Colpitts Eight San Francisco Bay Area real estate investors have agreed to plead guilty for their roles in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, according to the Department of Justice. The real estate investors took part in conspiracies to rig bids by agreeing to refrain… Continue reading Real Estate Investors Plead Guilty to Auction Bid Rigging
Slowdown in Home Sales New Normal
By Mike Colpitts A slowdown in home sales during what is usually the hottest time of the year for home buying activity just may be the new normal in real estate. The erratic ups and downs the residential market is suffering are setting home sales up for a long recovery process with a series of… Continue reading Slowdown in Home Sales New Normal
Majority Affected by Foreclosures
The crisis is hitting home. An overwhelming majority of respondents to a new Housing Predictor poll say they are directly affected by the foreclosure crisis in their own neighborhood. The survey found that 74% of all those who took part in the online survey from all 50 U.S. states said they think the foreclosure crisis… Continue reading Majority Affected by Foreclosures
Homeowners Crisis Builds New Wave
By Matt Weidner I’m a soldier, a street fighter, an attorney battling foreclosures on behalf of homeowners at the ground level, in the trenches, in courtrooms all across Florida. Let me save you the suspense and get right to the point. Things are worse than they’ve ever been and they are only going to get… Continue reading Homeowners Crisis Builds New Wave
Rent Prices Jump on Housing
By Mike Colpitts Rental rates for homes and apartments are rising and it appears rent prices are accelerating, according to a survey by an online real estate search firm. The report, issued by HotPads.com reveals that rental listing prices have increased an average of nearly 7% in the last year. Listings on studio and 5-bedroom… Continue reading Rent Prices Jump on Housing
Courts May Decide Housing Market Future
By Mike Colpitts Hundreds of lawsuits winding their way through courtrooms in the U.S. could ultimately determine the future of the housing market in America. A major case involving the attempted foreclosure of a home in Utah could produce a court precedent on which other cases could stand. Courts are hearing cases over foreclosure challenges… Continue reading Courts May Decide Housing Market Future
Jumbo Mortgages to Get More Expensive
By Mike Colpitts Mortgages on the nation’s most expensive homes are about to get more costly. In October the government is expected to halt backing jumbo mortgages of more than $625,500 through Freddie Mac and Fannie Mae, triggering higher interest rates and down payments. The change could also send home values lower in some high-end… Continue reading Jumbo Mortgages to Get More Expensive