Monthly Archives: January 2009

Lew Sichelman, Special to The Chronicle Sunday, January 25, 2009 (01-25) 04:00 PST Las Vegas – – Contrary to popular belief, the country’s residential construction business is not at a complete standstill. But it’s close. According to the latest Commerce … Continue reading →

By MARCY GORDON Businessweek.com  Regulators on Friday shut down 1st Centennial Bank in California, the third U.S. bank to fail this year. California regulators closed the Redlands-based bank and appointed the Federal Deposit Insurance Corp. as receiver. 1st Centennial had … Continue reading →

Jim Porter Law Review In today’s economy, we are seeing all sorts of seldom-before-seen tricks and schemes to deal with declining property values and upside down loans.  I have seen unrecorded second deeds of trust, contracts of sale (like the … Continue reading →

    Pete Carey Mercury News Posted: 01/21/2009 11:43:17 AM PST   he Santa Clara County housing market had its worst year in modern history in 2008, marked by the largest yearly percentage drop in home prices in at least two … Continue reading →

By TERENCE CHEA – 13 hours ago SAN FRANCISCO (AP) — The median home price in California plummeted 38 percent in December from a year earlier as low-cost foreclosures boosted sales but lowered property values, a real estate tracking firm … Continue reading →