|
|
|
Gov. Schwarzenegger's "90 Days of Hope" campaign has rolled out a series of ads and public service announcements encouraging homeowners to fight to save their homes, according to a Tuesday press release.
“It wasn't easy, but we worked with our lender and we got to keep our...
|
Comments [0] - Views [27]
|
|
|
|
Members of the United Pentecostal Church of Taft have lost their church to foreclosure, though the pastor hopes they can find a way to buy it back.
The Rev. Leo J. Fisher says the painful experience is one he hopes all pastors take to heart -- though the congregation is filled with good...
|
Comments [8] - Views [121]
|
|
|
|
On Saturday, we ran a piece about V Heritage Plaza, an under-construction shopping center on South Union Avenue that slid into foreclosure.
Newly recorded docs filed with the Kern County Recorder's office show V Heritage developer William Lee also lost his completed shopping center, Little...
|
Comments [12] - Views [183]
|
|
|
|
Kern County had 749 properties foreclosed on in May, marking the tenth month the tally has increased, Kern County Recorder’s office statistics show.
Foreclosures are at their highest point since at least January 1995, the earliest date included in the recorder’s office report.
...
|
Comments [1] - Views [41]
|
|
|
|
Bakersfield's May median home price of $210,000 matches the median back in October 2004, according to a preliminary monthly report by residential appraiser Gary Crabtree.
The figure represents a 24 percent decline from the same month last year — the highest in Bakersfield history, Crabtree...
|
Comments [4] - Views [60]
|
|
|
|
Kern County had the nation’s ninth riskiest residential mortgage market during the first three months of the year, according to a Monday report by First American CoreLogic, a Santa Ana-based real estate data company.
At the end of 2007, the county ranked No. 8 among the 100 large...
|
Comments [0] - Views [38]
|
|
|
|
Financial blogs in the big city can use more exciting terms, but here at the family paper let's just say we've got charts.
Kern County foreclosures and defaults. In April 2008, they set new records again.
These are from the county recorder's office, and you can enjoy the PDF files by clicking...
|
Comments [2] - Views [71]
|
|
|
|
No surprise here: state foreclosures levels hit their highest mark in 15 years last quarter, Dataquick reported this morning.
Here's the beef:
Lending institutions sent homeowners 113,676 default notices during the January-to-March period. That was up by 39.4 percent from 81,550 the...
|
Comments [2] - Views [113]
|
|
|
|
The idea of families being thrown into the street with all their worldly possessions strewn along the path is a tragic event regardless of the underlying circumstances. What happens to those with no friends or relatives with whom they can live? How will they find even temporary shelter or a place...
|
Comments [2] - Views [168]
|
|
|
|
An opulent Seven Oaks home, one of the most recognizable symbols of real estate agent David Crisp’s rise and fall, was listed for sale Monday for $1.17 million.
Crisp paid $1.7 million for the home less than three years ago.
Details and photos of the home's interior are here.
The bank...
|
Comments [7] - Views [273]
|
|
|
|
We just received a notice from Self Help Enterprises, which offers free foreclosure counseling services to people in Kern, Kings and Tulare counties.
You don't have to be low-income to get help, they say.
The seminars are held Tuesdays at the Self Help offices, 8445 W. Elowin Court...
|
Comments [0] - Views [16]
|
|
|
|
It's kinda remarkable how much money is evaporating from failed mortgages.
We counted about $2.1 million gone -- poof -- one day last week from Kern County foreclosures alone.
Imagine that expanded to include all the troubled markets around the country. Imagine that happening every business...
|
Comments [8] - Views [132]
|
|
|
|
Oops. I inserted a table and I can't
make it go away!!
LIUNA, the Laborers International Union of North America,...
|
Comments [3] - Views [82]
|
|
|
|
Home Tours
http://www.bakersfield.com/...
In the Bakersfield Californian, there was a story about home tours. That is where an agent...
|
Comments [0] - Views [43]
|
|
|
|
The New York Times and other media outlets have reported that Countrywide may be under investigation for misrepresenting their financial position at a time when the sub prime mortgage melt down was looming.
Meanwhile, Countrywide CEO Angelo Mozilo was one of three mortgage industry executives...
|
Comments [0] - Views [136]
|
|
|
|
• The New York Times has a feature today on longtime Sacramento developer Dunmore Homes, which is now tanking (including its Kern County projects):
http://www.nytimes.com/2008...
• The Sacto Biz Journal has a story on...
|
Comments [0] - Views [82]
|
|
|
|
More folks than usual (some even wearing nice clothes!) showed up at the daily City Hall auction this morning to see the SunCal foreclosure go down.
SunCal's debt to Lennar on 515 acres in Shafter had reached about $86 million (with interest and fees).
Bidding opened at $10 million. The...
|
Comments [1] - Views [206]
|
|
|
|
In case if you haven't heard on the news already, over the weekend there were a couple of instances in which a bunch of "partygoers" held parties at foreclosed homes that didn't belong to them, according to police and news reports. Apparantely someone went and looked...
|
Comments [8] - Views [59]
|
|
|
|
Free counseling is available to help homeowners avoid foreclosure. It's coming to communities thoughout California with the help of an $8 million grant, according to a news release from Gov. Arnold Schwarzenegger's folks.
The money's going to the California Housing Finance Agency and...
|
Comments [0] - Views [12]
|
|
|
|
I haven't heard/seen anything about this issue in Bakersfield, but I can't believe it's because it isn't happening...
Foreclosures lead to abandoned animals
By EVELYN NIEVES, Associated Press Writer
STOCKTON, Calif. - The house was ravaged — its floors...
|
Comments [3] - Views [150]
|
|
|
|
REO Speedwagon
In Real Estate these days, you keep hearing about REOs, every time you turn around. You can’t swing a dead cat without hitting an REO. What are they?
REO can stand for several things:
Acronym Definition
REO Radar Electro-Optical
REO Radiated...
|
Comments [3] - Views [139]
|
|
|
|
Recently, I saw a segment on Nightline that got me thinking. It was called “Condo Vultures” and it aired on November 14th, 2007: Condo Vultures Zero in on a Dwindling Market, by Jeffrey Kofman and Howard Rosenberg.
What I liked about it was the dramatic skyline of Miami, like...
|
Comments [3] - Views [241]
|
|
|
|
What do you do when a car crashes into a house you’re trying to sell?
First, you need to rewrite the marketing remarks: Open floor plan . . . Easy access from garage to house . . . room with a view . . .
That is not just a hypothetical question, because a car somehow...
|
Comments [7] - Views [149]
|
|
|
|
The main house and former primary residence of David Crisp was auctioned off today at 11:20 AM on the steps of City Hall, this Monday, December 3rd. The 6,666-square-foot, four-bedroom, 4.5-bath home at 10509 Newquay Court sits behind gates on nearly three-quarters of an acre of manicured lawn....
|
Comments [6] - Views [567]
|
|
|
|
The main house and primary residence of David Crisp was scheduled to be auctioned today at 10 AM on the steps of City Hall, but it was postponed until December 3rd. I have no idea why, and it was also postponed the previous time it was supposed to be auctioned off.
The 6,666-square-foot,...
|
Comments [0] - Views [169]
|
|
|
1
