Assessor-Recorder Phil Ting along with Supervisors Avalos, Cohen and Mirkarimi will gathered at City Hall to address the “Wall Street Wrecking Ball” report for San Francisco, “uniting behind solutions to help homeowners facing foreclosure and City Hall deal with the economic and budget impact of the mortgage crisis” on Friday afternoon, Socketsite reported. Avalos, Cohen [...]
What we read from RealtyTrac statistics is seen first hand by San Francisco Bay Area sheriff’s departments, who are having to hand out eviction notices in a fast pace. As the latest reports coming from RealtyTrac show, San Francisco and the whole nine-county Bay Area mortgage defaults is up in an accelerated pace and even [...]
The San Francisco housing market is giving positive signs, as recorded home sales volume increased 7.3% on a year-over-year basis in August. The numbers are promising: 484 recorded sales last month, while there were only 451 sales a year prior, and we are talking about 9 percentage points rise compared to the prior month, versus [...]
While the country is in the deepest double-dip recession since the 1930s, a San Francisco deal breaks the prices: a mixed-use building on San Francisco’s Market Street was sold for a whopping $1,100 a square foot. According to the Business Times, Invesco paid $51 million for 800 Market St, a 47,000 square foot building. The [...]
After more than 18 months of battle with her lender, Wells Fargo, Berkeley homeowner Tanya Dennis convinced the bank to modify her mortgage. Tanya Dennis, a short, 63-year-old woman started her fight against the lender by breaking into her own house, after Wells Fargo foreclosed on her and Alameda County sheriff deputies evicted her. However, [...]
The 56 Sotelo Avenue was first listed with an asking price of $1,995,000, while it was purchased in 2007 for $1,900,000. The additional $95,000 is because the property was remodeled incorporating new wrought iron gates imported from South America amongst other updates. After spending ten months on the market, it was relisted and reduced for [...]
It’s been almost five years ago that One Rincon Hill opened its sales office door. At that time, with “One Gincon” signature cocktails in their hands, buyers lined up until late in the evening for the right to reserve a unit in the building. But 3 years after the owners moved into the high-rise apartment, [...]
