8 Articles match "Homes","Los Angeles","May"

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• Feared flood of foreclosures in California may be averted
  
  Feared flood of foreclosures in California may be averted Los Angeles Times Signs are emerging that a much-feared escalation of California home foreclosures may not happen, as banks respond to government pressure and scale back their repossessions of...( read more
  Foreclosure Pulse - Wednesday, October 21, 2009
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• Home Prices Fall Deeper Into the Abyss
  
  Homeowners across the country may be feeling a bit like Mel Brooks’ character from his movie “High Anxiety” now that Standard and Poor’s has released its May numbers for the S&P/Case-Shiller Home Price Indices . The S&P figures for May show declines in all 20 metro areas reported for the second straight month — nine with record lows and 10 in double digits. In the movie, Brooks’ character nervously sweats every time he even thinks about getting into an elevator. Well, the nation’s homeowners are sweating it out now,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. quot; Las Vegas and Phoenix posted the two biggest annual declines in home prices of the 20 metro areas tracked in the report, followed by Miami with a 28.2 Prices in those metro areas were down 19.5 percent from their peak in July 2006. "There
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
  
  An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The homeowner said he was trickedinto signing over the title of his home by a scam artist who didnothing to stop the foreclosure and then took out another loan againstthe property with no intention of paying it off. The scammers dontcreate the foreclosure rates, but they swoop The article goes on tomake the case that foreclosure fraud crime is on the rise. It is a crime thatconsumer advocates fear could become increasingly common
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• History in Sen. Dodd's Favor, But Nothing Else
  
  As the national economy continues to languish, politicians like Dodd are looking in earnest at the foreclosure crisis, which may provide the final push over the edge and asking what can be done. What Dodd suggested last week, at least as a temporary fix, is for the federal government to create a new agency called the Home Ownership Preservation Corp. Fashioned after the Home Owners’ It’s a presidential election year. A
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Fade in World Series Spotlight
  
  And foreclosures are just the tip of the iceberg when it comes to the city’s economic woes, reports the Los Angeles Times , which cites the decline of the automotive industry as the primary culprit. The marquee at the State Theatre — just a short walk from Comerica Park, the teams home field — reads: "Lets Party Like Its 1984," a nod to the last time the Tigers won the series. “ In addition to raising the spirits of the city’s residents, the World Series has likely given a temporary boost to the local economy with a sizeable infusion of tourist dollars. The Detroit Tigers are the feel-good story of this year’s World Series, having made it to baseball’s big dance only three years after posting 119 losses — one of the worst records in history.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• When Foreclosure Is Not Politically Correct
  
  Laura Richardson has lost, via foreclosure, the 1,600 square-foot, two-story Sacramento home with three bedrooms and 1.5 The Trustee’s Deed transferring the property to Red Rock was recorded on May 19, 2008, according to the Long Beach Press-Telegram . At the time of sale Richardson allegedly owed her lender, Washington Mutual, more than $578,000 thanks to the 100 percent financing used to purchase the home and the additional fees and costs incurred Typically when you read about a politician and foreclosure, it’s in relation to some piece of legislation created to combat the recent surge in foreclosures.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Coastal Disasters = More Foreclosures?
  
  Back in 1994 something called “The Northridge Earthquake” (misnamed as it was) shook Los Angeles at 4:31 a.m. Foreclosure Market Report. Add to that the fact that many of those homeowners who bought during the past two years financed their home purchase with one of those high-risk adjustable rate mortgages that is due to reset in 2007 or 2008 — and there is something for them to worry about. So even if distressed homeowners wanted to refinance their For anyone who has lived through a natural disaster, the recent tornadoes in Central Florida and the horrific aftermath left behind — approximately 1,500 structures destroyed and 20 people killed — brings back memories of more than just the great need for disaster relief from the federal government (FEMA).
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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