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Monthly Archives: April 2008
Too Many California Homes Lost to Foreclosure
There’s still plenty of pain ahead for Silicon Valley’s housing market as more homeowners faced the threat of foreclosure in the first three months of this year than during any quarter on record. Mortgage lenders sent a record 3,074 “notices … Continue reading
California Default Mortgages Double in 2008
April 22 (Bloomberg) — California mortgage defaults more than doubled in the first quarter to the highest in 15 years as a drop in sales and prices prevented some homeowners from selling their properties to pay debt, DataQuick Information Systems … Continue reading
Foreclosures Still Impacing California State Homes
Foreclosure proceedings against California homeowners jumped by more than 140 percent in the first quarter compared to a year ago, the result of risky loans during boom times, a real estate research firm said Tuesday. Most loans that went into … Continue reading
California Prices Down, But Buyers Waiting for Lower
They filed into the Eagle Rock open house alone and in groups. Others came in pairs, as if boarding Noah’s ark. Some had been looking for two years, some longer. Twenty-three families checked out the bedrooms (small), dining room (large) … Continue reading
Marin Home Owners Want Tax Reassessments
The number of Marin homeowners seeking property tax cuts could top 1,000 this year as Marin’s real estate market slumps.As home prices fall, the number of property owners asking the county to reassess the tax values of their homes is … Continue reading