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Monthly Archives: November 2008
California Struggling to Help Foreclosures
L.A. Times – November 24, 2008 We cheered when Gov. Arnold Schwarzenegger joined leading Assembly Democrats this month in seeking to reduce foreclosures. The governor’s surprise move — he had opposed most mortgage-related bills during the Legislature’s regular session — … Continue reading
Northern California Home Auctions Total 1500 Soon
By Jim Wasserman jwasserman@sacbee.com More than 1,500 new and foreclosed homes will go on the auction block in coming weeks in Northern California, as banks and builders try to clear inventory by year’s end.But it’s hardly a seasonal trend. All … Continue reading
Foreclosed Houses Lead Sales in Southern and Northern Califoria
By Los Angeles Times and The Associated Press PREV  of NEXT   JUSTIN SULLIVAN / GETTY IMAGES A foreclosure sign sits in front of a home for sale earlier this year in Stockton, Calif., an area especially hard-hit by … Continue reading
Downey Bank & PFF Shut Down in California
 By THE ASSOCIATED PRESS Published: November 21, 2008 WASHINGTON (AP) — Federal regulators shut down two big savings and loans based in Southern California on Friday, saying they fell victim to the acute distress in the housing market in … Continue reading
Home Sales in October UP in Southern California
Roger Showley: (619) 293-1286; roger.showley@uniontrib.com Plunging prices attracted buyers into the Southern California housing market in October in the highest numbers in months, MDA DataQuick reported yesterday. The 21,913 sales last month were up 66.7 percent from a year earlier, … Continue reading