Real Name: Vanessa Gregory Member Since: May 23, 2007 Last Signed In: January 25, 2008 Profile Views: 228 Blog Views: 7849 Shopping this weekend? Fried food!! Another Target for Bako? Miramar Real Estate Group joins franchise. Who wants Pottery Barn? One less grocery store? Real estate agency comes to town. Regulating foreclosures? Layoffs at Bolthouse. Discuss: The economy. June 07 July 07 August 07 September 07 October 07 November 07 December 07 January 08 February 08 March 08 April 08 May 08 June 08 July 08 August 08 September 08 October 08 November 08 December 08 
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As expected, President Bush announced a plan today to provide homeowners some relief from foreclosures.
Read Bloomberg's report, with all the details, here. Basically, strapped homeowners will be allowed to refinance into FHA-insured loans if they have good credit, according to Bloomberg. So, what's everyone think? Is this plan a good idea? Is it enough? And has it arrived in time to right the market? --Vanessa Gregory, staff writer
For all you statistics junkies out there, the latest report from the Office of Federal Housing Enterprise Oversight (OFHEO) is out.
Basically, the OFHEO concludes home prices increased very little nationwide in the last quarter. There's not much that speaks specifically to Bakersfield here, but it's interesting to see how the city compares to the rest of the nation. Plus, it has cool maps showing which states have strong real estate markets and which ones are slowing. Find the full report on their website. One caveat on the study: The OFHEO looks at Freddie Mac and Fannie Mae "conforming loans", which can't exceed $417,000. So it's not a full snapshot of the California housing scene. -Vanessa Gregory, staff writer Once-prominent real estate salesman David Crisp last week received two new default notices on the Stockdale Highway offices he bought in April and was named in a lawsuit demanding repayment of more than $160,000. The Stockdale offices are the latest addition to a growing list of delinquent properties associated with Crisp's former company, Crisp & Cole Real Estate. The lawsuit follows others filed regarding unpaid bills in recent months.
Attempts to reach Crisp by phone and in person Tuesday were unsuccessful. An office worker at Crisp Real Estate Inc., the new company he formed last fall, said Crisp was "in conference calls all day" and would not be available for comment. Read the whole article here. Here's a little back story from the newsroom on this article. Californian reporter Gretchen Wenner noticed the defaulted loan on this property earlier this summer and wondered why it appeared to be sent to David Crisp when the owner was listed as Margarita Leon. Now we have the answer.But there are still lots of questions surrounding the expanding list of delinquent, high value loans associated with the former Crisp & Cole Real Estate Firm. What do you want to know? -Vanessa Gregory, staff writer |