Real Estate News Blog, (California)

Bargain Hunters benefit from slump (California )

Posted by Website Introductions: (/California) There is gold even in the harshest times. This is especially true in the case of Southern California, where real estate prices are dropping even further. As such, bargain hunters from all over are already having a field day acquiring bargains from foreclosed or endangered properties. As soon as the market goes bullish once again, these properties
Tags: real estate slump, bargains. California Comments: 0.

Prices go lower and lower and lower (California )

Posted by Website Introductions: (/California) Just when will the bottom of the pit show up Prices are still going down and mortgage companies are already crying for help. The situation is no easier in South California, where real estate prices have gone below than 2004 levels, with almost half of all properties sold being foreclosed ones. Because of this, otherwise deserving loan applicants
Tags: denied loans, falling home prices. California Comments: 0.

Is Karl Marx Listening (California )

Posted by Website Introductions: (/California) It is an old and wise saying that nothing is free in this world, yet the Americans seemed to believe that a free market economy is the cure to all ills but not any more. With lots of problems such as housing crisis and so on, the people have began to realize that the nation might have been on a wrong track all these years. Karl Marx are you
Tags: free market, housing crisis. California Comments: 0.

Want loan - you already have it (California )

Posted by Website Introductions: (/California) Real estate is a really hot business and this lures many fraudulent people as well to try and earn some extra cash using unfair or illegal means. Recently a scam was unearthed where lots of apartments had been fraudly mortgaged using the stolen identity of some other persons. It was only when one such person applied for a mortgage did he come to
Tags: fraud, foreclosures. California Comments: 0.

Living in an RV is No Longer Your Ticket to Living in Venice, California (California )

Posted by Art C Ryter: (/California) The downturn in the real estate market, a slowing economy, and no where else to turn has led many to try living in their cars, Recreational Vehicles, or campers. This has become a common phenomenon on beach community streets, though many cities have slowly taken aim at reducing the presence of non-dwelling place residents. Up until this year,
Tags: venice, foreclosure. California Comments: 0.

Man Accused of Killing Realtor Ordered to Stand Trial (California )

Posted by Art C Ryter: (/California) Man in San Diego, California, killed the real estate agent helping him sell his condo that was in forclosure. All opportunities to refinance and seek other help to avoid foreclosure had past. The man apparently had also recently lost his only relatives adding to the depression of his financial condition. Original source: . [404 Check: was link
Tags: real estate, foreclosure. California Comments: 0.

For sale (again): used town (California )

Posted by Art C. Ryder: (/California) The town of Bridgeville, California is for sale again for $1.3M. The town is 83 acres in Northern California. It s up for resale due to the owner s death. You can buy a postage stamp of a house in San Francisco or Los Angeles for that kind of money. Original source: . For sale (again): used town
Tags: real estate, investment. California Comments: 0.

Broker accused of fraud agrees to surrender license (California )

Posted by Art C. Ryder: (/California) Stonewood Consulting Inc. and its broker, Hendrix Moreno Montecastro, will forfeit their real estate licenses rather than contest a wide range of violations filed against them by the California Department of Real Estate, according to an agreement filed with the department. The real estate boom led to many instances of outright fraud, not only to
Tags: real estate, investment. California Comments: 0.

$19.95 Million For a Neutra (California )

Posted by Art C. Ryder: (/California) If you have $19.95 million, why not buy a house built in Los Angeles designed in 1959 by famous architect Richard Neutra. The home sits on 5.2 acres in Bel Air, California. Mind you, the house sold in 2004 for JUST UNDER $6M Another example of the irrational, ridiculous housing market Original source: . $19.95 Million For a Neutra
Tags: real estate, finance. California Comments: 0.

L.A. Home Sales Fell 4.6 Percent in March (California )

Posted by Art C. Ryder: (/California) Home prices in Los Angeles, California rose slightly while home sales fell 4.6 percent in March, marking the eighth straight month of declining home sales. Lists some of the most expensive average home sales prices and highest percentage gains. Foreclosure victims might take heart that at least home prices are still edging upwards. Original
Tags: real estate, forclosure. California Comments: 0.

Subprime assault on southern California (California )

Posted by Art C. Ryder: (/California) Subprime mortgages payments are rising high for homeowners in Southern California leading to record increases in delinquencies and foreclosures. Riverside, San Bernardino and Inland Empire Counties are the worst off due to increased new housing stock, and the doubling of property values in just five years. Many people are heading toward
Tags: foreclosure refinance, forclosure. California Comments: 0.

California foreclosures near record levels (California )

Posted by Art C Ryter: (/California) California foreclosures levels not seen since the last housing market downturn in the mid-1990s. Foreclosure percentage changes from just a year ago are astounding. Most greatly affected areas are places where housing was initially inexpensive such as the Inland Empire and Central Valley. As defaults rise, there may be increased calls for
Tags: real estate, forclosure. California Comments: 0.

An unsettling adjustment (California )

Posted by Art C Ryter: (/California) Presents the case of San Diego residents trying to sell their home before defaulting on their mortgage or losing their home to foreclosure. Although the couple makes over $90,000, their mortgage payments are rising at astonishingly high rates. Many similar cases are happening across the nation: Homebuyers bought homes with the intent to
Tags: foreclosure help, avoid foreclosure. California Comments: 0.

Impossible loan turns dream home into nightmare (California )

Posted by Art C. Ryder: (/California) Presents the story of a couple of first time homebuyers duped into a home priced above its assessed value and financed with a loan that was impossible to maintain on a farm laborer budget. Lenders and real estate agents in the case were potentially short of criminal in selling the house and financing to the two families involved. The article has
Tags: foreclosure help, real estate. California Comments: 0.

For Distressed Homeowners, Short Sales Stave Off Credit Ruin (California )

Posted by Art C. Ryder: (/California) Discusses short sales, selling a property for a loss rather than a profit, as a way for troubled homeowners to avoid foreclosure and ruining their future ability to buy a home. Short sales can be difficult to orchestrate to avoid foreclosure because buyers, sellers and lenders must agree on the sale price and determine who pays takes and how much
Tags: foreclosure help, avoid foreclosure. California Comments: 1.

Foreclosures on the rise (California )

Posted by Art C. Ryder: (/California) Foreclosures are on the rise in the Coachella Valley, California, just as they are throughout the country. Homes are taking longer to sell and as more homeowners fall behind on payments, more foreclosures are hitting the market. Many homeowners need foreclosure help due to adjustable interest rate mortgages that are resetting at higher rates.
Tags: real estate, forclosure. California Comments: 0.

L.A. housing market holds its ground (California )

Posted by Art C Ryter: (/California) Notes that the housing market in Los Angeles County is holding its ground despite news of rising foreclosures across the country. Prices also seem to be rising in the area while other real estate housing markets prices are declining. Some mortgage brokers suggest that the subprime mortgage market was not as deep in the county which may explain
Tags: foreclosure help, foreclosure refinance. California Comments: 0.