Cities and Counties Owning Foreclosures?

Yes, it may sound familiar to you faithful readers, about Perata’s mortgage and foreclosure relief bill currently in the Assembly, but here it is: In Oakland, you can see a house or two in foreclosure and it’s obvious right away,” he said, saying the bill was an important step to preventing further deterioration of neighborhoods. “It’s like watching [...]

Rundown REO? That’s $1,000 a Day, Please.

The state legislature decided to do something to keep rundown REOs from further fanning foreclosures — a $1,000 a day fine for waist-high weeds, squatters and plagueWest Nile virus-carrying mosquitoes. Read on: California lawmakers want banks and other lenders to make sure foreclosed homes don’t become run down and a source of blight.  If they [...]

Why Is This a Story?

One of the responsibilities of being a media provider is that you need to weed through what is a story and what is a nonstory (that’s journo-speak for “Just because someone sends out a press release doesn’t mean it’s news.”) Kind of like this one from Bank of America. According to the news release and [...]

Open House Hard Sells (Stop it, Agents!)

So there I was, in the neighborhood we want to buy and saw the “Open House” sign. Since I’m such a sucker for those, my husband and I went in to go take a look. My husband said, “I don’t know. The agent has a 925 area code, it’s going to be overpriced.” (Sorry, but we have [...]

Help on the Way? Not for half of you!

So I saw this on the WSJ Web site and other areas (but the WSJ always has such cool graphics!) and thought it might be of interest. The metamessage isn’t that different from the report I did last month (yes, I’m petty) but just more proof that there is little help out there for people in [...]

Auctions, Auctions Everywhere!

I try not to be gung-ho advertising auctions, yet we seem to advertise the puppies. Today is more of the same, with two auctions on Sunday, May 4 in Oakland and Walnut Creek, for those who want a downtown Oakland condo or a single-family home in Pittsburg. (Different audiences, I know.) The low cost is [...]

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