Don’t get too excited, folks, it’s a $250,000, but you can probably afford more than you think. So let’s get started. In Alameda County, you can get this three-bedroom, one-bath house in Hayward. It’s been on the market two weeks and hasn’t been reduced, so the sellers are probably still optimistic. The 1,046-square-foot house originally [...]
Filed under: House Hunt, Price Check, The Market | 1 Comment »
In yet another ripple-effect of the foreclosure crisis, the City of Manteca voted this week to ease up on dunning builders for $3.5 million in fees. The Sun Post reports: Manteca-based Raymus Development and Sales can now wait until January 2011 to pay the city $2 million for homebuilding reservation fees for its Shadowbrook subdivision. The money was [...]
Filed under: Foreclosure Fever, Mortgage Mania, The Market | Tagged: builders, developer fees, fees, foreclosure, Manteca, new homes, Raymus | 2 Comments »
Attorney General Jerry Brown announced today arrest warrants for five people allegedly getting homeowners in foreclosure to pay $10,000 and save their home by deeding their property to a “land grant” company. The Federal Land Grant Company, run by Bill Hutchings and wife Xiaoke Li out of San Diego, reportedly attached a survey of the Spanish Land [...]
Filed under: Broken Dream Home, Foreclosure Fever | Tagged: attorney general, Brown, foreclosure rescue, foreclosure scam, land grant | Leave a Comment »
Unfortunately, Rep. Laura Richardson has no tie to the Bay Area, so I didn’t first blog about this when I read it on LAObserved.com yesterday, but it’s blown up way, way too much, so here it is from our sister paper, the Daily Breeze: Rep. Laura Richardson lost her Sacramento home in a foreclosure auction two weeks [...]
Filed under: Foreclosure Fever, House Hunt, Mortgage Mania, The Market | 5 Comments »
Sales Volume Median Price All homes Apr-07 Apr-08 %Chng Apr-07 Apr-08 %Chng Alameda 1,555 1,240 -20.3% $586,500 $473,750 -19.20% Contra Costa 1,246 1,265 1.5% $600,000 $395,000 -34.20% Marin 313 216 -31.0% $925,000 $800,000 -13.50% Napa 109 100 -8.3% $563,000 $499,000 -11.40% Santa Clara 2,009 1,440 -28.3% [...]
Filed under: Foreclosure Fever, House Hunt, The Market | 1 Comment »
All homes Apr-07 Apr-08 % Chng Apr-07 Apr-08 % Chng Los Angeles 7,225 5,016 -30.6% $540,000 $435,000 -19.40% Orange 2,682 2,166 -19.2% $629,000 $500,000 -20.50% Riverside 2,987 3,186 6.7% $409,000 $295,000 -27.90% San Bernardino 2,049 1,667 -18.6% $370,000 $265,000 -28.40% San Diego 3,436 2,809 -18.2% $490,000 $400,000 -18.40% Ventura [...]
Filed under: Foreclosure Fever, The Market | Leave a Comment »
