Did you know that our Homeowners' Bill of Rights expired? Don't worry - the state legislature has a new bill in place to reinstate many of the old provisions: [button link="http://journal.firsttuesday.us/californias-homeowner-bill-of-rights-is-back/65586/"...
Kamala Harris, who has been dubbed the 'female Obama', is likely to run for president of the United States - possibly as soon as 2020. This is a long article on her performance in public office: LINK This excerpt summarizes the impact from her $20 billion foreclosure...
The real estate market in our neighboring Orange County has performed much like San Diego's. Here, Jon outlines the 12 differences between the bubble days of 2007, and now: http://www.ocregister.com/2017/08/06/orange-countys-housing-bubble-10-years-later/ These stats...
Our local home prices have risen so quickly that it feels like we're in 'bubble' conditions again - could the bubble burst this time? The last two times the real estate bubble has popped, it was due to banks having to offload their foreclosed properties for whatever...
With the difficulty the state politicians had in reaching an agreement - and it's not done yet, Moonbeam still has to sign it - this will probably be the last chance for over-encumbered homeowners to short-sell and avoid taxation on their debt relief. With less than...
Collateral damage from the on-going No Foreclosure era - hat tip to Richard! http://www.nytimes.com/2016/05/15/us/las-vegas-squatters-housing-collapse.html LAS VEGAS — On a drive through this desert city, the blight from the housing collapse of eight years ago can be...
The hedgies got fired up this week over RealtyTrac's report of California foreclosures rising 57% last month - the post is featured at the top of their front page, and has great comments: www.zerohedge.com. At first glance, it would support my theory that banks...
Reader avgjoe took exception to the whole idea of foreclosures in this environment. Yesterday he said, "There are still people around me getn a free ride after 5 years. The banks have limited inventory by not foreclosing on people hoping for a bigger payday. Lets get...
A California man successfully halted a foreclosure sale on his property using the newly minted California Homeowner Bill of Rights to obtain a court injunction against two foreclosing parties: Bank of America and its Recontrust Co. subsidiary. For simply obtaining the...
Can you help but be suspicious about what is really going on when you see lousy reports like this? Reporters aren't looking too hard at it. From HW: The California Homeowner Bill of Rights is slowing the movement of distressed properties in the West Coast state,...
