San Francisco market shows some weeks signs of recovery if we look at the average price per square foot of a San Francisco home. The average price was $556 which means an increase of 7.5% compared with the same period last year. The median price of a housing unit presented a slight drop of 0.8% [...]
10 months. No, it’s not a late-born baby, it’s the inventory sitting on the seller’s block, which means the national housing market isn’t recovering at all. According to Trulia, sellers continue to cut the prices of homes on the market all over California and nationwide. The western and southwestern states are hardest hit: California, New [...]
The latest data show a slight drop of homeowners underwater in the area. The nationwide picture reflects 10.8 million household, or 22.5% of all mortgaged homes, which means a 0.5% drop from Q2. In East Bay, about 171,000 households or 31.2% of all mortgaged homes were underwater n Q3. This a significant decline from 178,000 [...]
Ron Ward worked in real estate for 15 year, and now he is in a fight with Wells Fargo Home Mortgage for wrongful foreclosure. The formula is simple: he dreamt a built an ocean view home five years ago, which is worth $1.5 million and Wells Fargo foreclosed on him during the robo-signing period. At [...]
After Christmas foreclosure sale will come, said Santa in the form of a foreclosure sale letter from East West Bank. The "good" news comes after Title Two Investment Corp. and Adeline Investments Inc., which borrowed $4.65 million three years ago did not make the payment due last December or subsequent installments, according to a default [...]
Petaluna’s Adobe Creek Golf Club closed its doors these days after it came under control of a court-appointed receiver. Although "nobody wants to see it closed for an extended period" said Kenton Johnson, an executive with Robb Evans & Associates who manages the property it is uncertain at the moment when the golf course will [...]
The foreclosure crisis continues to threaten millions of homes nationwide, but while so many homeowners face the terrible prospect of losing their homes, millions of renters face the same eviction problem. Now there are strong new laws to protect tenants caught up in this mess. The laws are to avoid these kind of situations Joey [...]
The July to September period meant less house sale transactions at Sheriff sales compared with the same period in 2009, the latest industry data reveals. Real estate observers have reported that the number of distressed properties in the state has dropped, although it remains at almost record level. San Francisco home foreclosure auctions declined along [...]
Home sales dip in Santa Cruz during October as more homes entered the foreclosure pipeline. A total of 110 single-family homes sold, down 36% from a year prior, according to Gary Gangnes of Reak Options Realty, a real estate market tracking company. Median home price was $501,250 which is the lowest since the beginning of [...]
Foreclosure mess causes embarrassing situations, just like the one Jim Burden is in since October. PNC Financial Services Group Inc. was to sell him a foreclosed house in San Francisco last month, when foreclosure moratorium came into the scene. Now Jim lives in a motel waiting for a miracle to come. "I can’t get the [...]
