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Monthly Archives: October 2008
Contra Costa Interfaith Helping Fight for Reasonable Mortgage Payments
Oct. 27 (Bloomberg) — For almost a year, Luis Flores has been lobbying mortgage lender IndyMac Federal Bank FSB to cut his house payments. They have doubled since he refinanced his home loan in 2005 and he can’t afford them, … Continue reading
San Fernando Valley Home Sales up 82% as Price Falls 37%
Sales of existing single-family houses climbed 82% in the San Fernando Valley in September as median prices fell by 37% from year-earlier levels, the Southland Regional Assn. of Realtors reported last week. Median prices paid for single-family homes fell to … Continue reading
Countrywide to Lower California Mortgage Rates
By E. Scott Reckard With calls growing for stronger action to help troubled homeowners, consumer advocates are hailing a mortgage-modification program being implemented by Bank of America Corp.’s Countrywide unit as the most ambitious effort yet to avert foreclosures. Â … Continue reading
Irvine Company Dealing in San Diego
IRVINE, Calif., Oct 24, 2008 (BUSINESS WIRE) — The Hoffman Company, a leading land brokerage firm in Southern California, announced today the close of a $30 million transaction in North San Diego County that will allow the residential mixed-use project … Continue reading
Foreclosures in California at New High
Oct. 23 (Bloomberg) — U.S. home prices tumbled the most in at least 17 years in August and foreclosures increased to the highest on record, reducing property values as the global credit crisis weakened the economy, according to reports today. … Continue reading