14 Articles match "Houses","Los Angeles"

• The Best from RealtyTrac

  MORE

• California Home Sales and Prices Inch Up
  
  California Home Sales and Prices Inch Up October 16, 2009, Los Angeles Times California's housing market showed more signs of recovery in September, as the median sales price rose nearly 1 percent from August, to $251,000, a real estate research firm...( read more ) ...Tags: Tags: foreclosure rates defaults foreclosur
  Foreclosure Pulse - Friday, October 16, 2009
  READ MORE
• 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. Overall,the foreclosure rate in the Los Angeles region has doubled sinceOctober, according to RealtyTrac Inc., At the same time, thesteep rise in housing prices over the last few years has created amassive amount of equity in many properties — a tempting target forswindlers. 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.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Foreclosure Crisis Sparks Surge in Arson
  
  We’ve seen a dramatic increase in this kind of fraud,” Dan Bales, the head of fraud investigations at Mercury Insurance, told the Los Angeles Times . “People People upside-down on their house with variable-interest-rate loans, or upside-down on their cars, are pretty quick to burn their property right now.” In desperate times people resort to desperate measures. Facing foreclosure, some homeowners are setting fire to their homes for the insurance money.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Fed's Latest Moves No Real Surprise
  
  Tight credit conditions, the ongoing housing contraction, and some slowing in export growth are likely to weigh on economic growth over the next few quarters.” rdquo; The New York Times commented today that the decision to keep the key rate where it is clearly demonstrates the Fed’s limited ability to solve a problem involving the nation’s housing and mortgage markets. Remarking on the Fed’s Financial analysts who were hoping for some downward movement on interest rates yesterday by the Federal Reserve were disappointed as Ben Bernanke and his merry band unanimously voted to do nothing.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Room Enough for a Catnap
  
  The original report that went out said they were mountain lions, according to The Los Angeles Times . Representatives of animal control services noted that bobcats are not known to attack people, but this family probably came down the hill looking for food and this particular house — which has been vacant for at least six months — has a koi pond in the backyard. In this lackluster real estate market potential homebuyers have been sitting on the fence, observing from the sidelines as the number of foreclosures keeps going up and home prices keep plummeting. What
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• 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. But for at least five games, the city has pushed concerns about the housing market and the economy to the backburner and chosen to focus on baseball: “The local news media have started calling Detroit "Tiger Town." 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
  READ MORE
• History in Sen. Dodd's Favor, But Nothing Else
  
  formed in the 1930s to deal with foreclosures, the new agency would assist homeowners in refinancing their subprime mortgages — many of which are now resetting at much higher interest rates, resulting, in many cases, in foreclosures, according to a report in the Los Angeles Times . Pollack, a resident fellow at the American Enterprise Institute , a conservative think tank, told the Times that he thought the plan was “a reasonable project” during hard economic times that has historical precedent. Dodd is scheduled to hold a private meeting with Federal Reserve Chairman Ben
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Coastal Disasters = More Foreclosures?
  
  Back in 1994 something called “The Northridge Earthquake” (misnamed as it was) shook Los Angeles at 4:31 a.m. Most lenders will not fund a loan for a house that is uninsured. If they wanted to sell the property outright, it’s going to be a problem as well because no one wants to buy a house that can’t be insured. 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
  READ MORE
• California Tops PMI's Risk Index
  
  Seven out of the 10 riskiest housing markets in the nation for home price deflation over the next two years are located in California, according to the Winter 2007 PMI U.S. Rounding out the top 10 with their scores were: Nassau-Suffolk, NY (601); Riverside-San Bernardino-Ontario, CA (600); Los Angeles-Long Beach-Glendale, CA (597); Boston-Quincy, MA (595); Providence-New Bedford-Fall River, RI-MA (595); and San Jose-Sunnyvale-Santa Clara, CA (592). Market Risk Index just released by the PMI Mortgage Insurance Co. Studying the 50 largest Metropolitan Statistical Areas (MSAs)
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Mayors Predict Rising Foreclosures in 2008
  
  That will worsen the already sharp housing downturn, with ripple effects on hiring and spending. billion in economic activity in 2008, followed by Los Angeles at $8.3 Mounting home foreclosures will lead to “profound” effects on the economy next year, bleeding billions of dollars in lost tax revenues, shrinking job growth and reducing consumer spending in the nation’s major metropolitan areas, according to a new report released this week by the U.S. Conference of Mayors .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE