Monthly Archives: January 2011

Bank of America in Nevada Court

Attorneys for Bank of America and ReconTrust moved the case to federal court this week and said that the lawsuit will ultimately fail because B of A and ReconTrust were in compliance with the law. They would like Judge Lane’s … Continue reading

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Fannie and Freddie Have Inventory

The government-controlled mortgage companies’ inventory of foreclosed residential property has quadrupled in three years and now stands at a record $24 billion. The number of properties they own has increased fivefold to nearly 242,000, representing roughly a third of all … Continue reading

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Renting versus Buying

Las Vegas ranks among the top cities where buying a home is more affordable than renting, according to Trulia.com. Trulia, a real estate and property search website based in San Francisco, calculates the price-to-rent ratio for the 50 largest U.S. … Continue reading

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Foreclosure Numbers Down in 2010

Fewer Californians grappled with foreclosure last year, bucking a national trend and giving homeowners fresh hope that state’s housing market could be on the mend. The 14 percent drop in foreclosure activity contrasted with a 2 percent rise nationally, according … Continue reading

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Bay Area Home Prices Down

The San Francisco Bay Area’s median home price dipped more than 1 percent last month to $375,000 from $380,000 in December 2009, as low-priced foreclosures and other distressed properties continued to dominate the market. San Diego-based MDA DataQuick said Thursday … Continue reading

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