The number of financially distressed California homeowners dropped in previous quarter as a result of turmoil and policy changes within the mortgage industry, a real estate research firm reported. The first quarter of 2011 brought 68,239 notices of default recorded at county recorders, which means a 2% decline from the previous quarter and down 15.8% [...]
San Francisco homes sales fell a whole percent in March on a year-over-year basis with 495 sales recorded this year, while there were 500 home sale transactions a year prior. However, the March numbers are 45.6% higher than February sales. For context, March sales figures for San Francisco from 2004 to 2009 were 749 (2004), [...]
Sacramentans struggling to keep their homes increasingly are suing their homes are suing their lenders for fraud. This doesn’t mean that judges rule in their favor though. Their situation led some of these troubled homeowners to pay thousands of dollars to people who are not attorneys to help prepare their cases. Other, hire attorneys in [...]
Vallejo might see the end of the foreclosure crisis, as the San Francisco Bay housing market registered a stabilization among home prices. It has been a rough few years in Vallejo, one of the ten American cities with the highest foreclosure rates since the housing bubble burst. The city is bankrupt and has slashed services [...]
According to recent reports published by Trulia, the San Francisco housing market registered slight drop in median sales price for homes in San Francisco between the January 11 to March 11 period, when the average sales price was $590,000 based on 1,085 sale transactions. This means a 5.6% drop when compared with the same period [...]
Britannia Business Center 3, a big office complex in Pleasanton has been hit by a mortgage default that totals $35 million, making the second group of Hacienda Business Park buildings controlled by the same owner that have entered default. Two years ago, Britannia Business Center 2, the approximately 276,000 square-foot complex slipped into default on [...]
