By Kevin Chiu A California woman whose home was foreclosed may be able to obtain financial damages as a result of wrongly being dealt with by U.S. Bank in the foreclosure of her home, a federal court has ruled. The lender reneged on its promise to negotiate with the woman and her husband over their… Continue reading California Woman May Receive Damages in Foreclosure Suit
Category: California
California housing market
Underwater Homeowners Receive Little Aid
By Mike Colpitts Underwater homeowners struggling to pay mortgages are getting little aid from an Obama administration program aimed at helping upside down mortgage holders at risk of losing their homes nearly a half a year after the program went into effect. There have been just 40 U.S. homeowners helped by the FHA short refinancing… Continue reading Underwater Homeowners Receive Little Aid
Silicon Valley in Recovery
By Mike Colpitts Led by high tech giant Apple, California’s Silicon Valley is coming back to life after reaching the slowest real estate downturn in its existence. Apple, the second largest U.S. company based on stock market value, acquired Hewlett Packard’s old commercial office setting in Cupertino, and other large tech corporations are leasing offices… Continue reading Silicon Valley in Recovery
Four States Cities Lead Foreclosure Crisis in 2010
By Mike Colpitts Four states cities accounted for 19 of the top 20 metropolitan U.S. foreclosure centers in 2010 as the foreclosure crisis gained momentum in the majority of the nation, despite moratoriums put in place by five major national lenders, according to RealtyTrac. California, Florida, Nevada and Arizona cities accounted for the most foreclosures.… Continue reading Four States Cities Lead Foreclosure Crisis in 2010
Neither Best nor Worst in California
By Mike Colpitts Long viewed as the national leader in real estate and hundreds of other dizzying trends and fads, California neither made the annual Best or Worst 25 Housing Predictor market lists for 2011. It was the first time in the index’s six year history that a Golden State market failed to make the… Continue reading Neither Best nor Worst in California
$4 Million Tech Mansions Drive Comeback
By Kevin Chiu The vacation home market, still tumbling in a downturn in most of the U.S. is making an isolated comeback in Lake Tahoe, especially in the $4-million plus high-end range, where the titans of high-tech land are driving the mini-boom. As the disparity between haves and have-nots grows across America, gated real estate… Continue reading $4 Million Tech Mansions Drive Comeback
Sunshine States Carry Foreclosure Slide
By Mike Colpitts Major sunshine state metropolitan areas accounted for the top 19 of 20 foreclosure rates in the U.S. during the third quarter of the year, according to the quarterly report compiled by RealtyTrac. California, Florida, Nevada and Arizona cities had the highest number of repossessed residential properties. Among all the metro areas tracked… Continue reading Sunshine States Carry Foreclosure Slide
Despite State Tax Credit California Home Sales Decline
By Kevin Chiu Despite a special state home buyer tax credit, sales of homes in California declined more than 17% from a year ago in September, according to San Diego based real estate research firm DataQuick. The median price for a California home is $265,000, which is 5.6% higher for the year. But with a… Continue reading Despite State Tax Credit California Home Sales Decline
Investor Real Estate Market Forecast
Lucky 7 Investor Forecast The “Lucky 7” best investor housing market forecasts for 2011 are made up of markets in six different states for investors willing to take a risk buying real estate to make a profit. Don’t worry the risk will be worth the wait! All seven are already showing Housing Predictor analysts that… Continue reading Investor Real Estate Market Forecast
Mega Home Refinancing Proposed
By Kevin Chiu A California Congressman has proposed a sweeping proposal for homeowners to refinance their mortgages at lower interest rates to keep more homeowners in their homes, despite the amount of equity in their property. “This is a market based solution,” said Rep. Dennis Cardoza (D-CA). “The vast majority of home loans are already… Continue reading Mega Home Refinancing Proposed