7 Articles match "Houses","Los Angeles","Rights"

• The Best from RealtyTrac

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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. 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
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• 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
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• Room Enough for a Catnap
  
  Hopefully the right time to pounce on a devastated market, timing the bottom of the market before the turnaround begins. Well, for one family it was the right time, an attractive property, and so they came off the fence and pounced at the opportunity of occupying a foreclosed property — quite literally, given that it’s a family of bobcats. The original report that went out said they were mountain lions, according to The Los Angeles Times 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.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 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 . It was only a few months ago that President Bush declined to accept any alternative that would act as a bailout of either subprime lenders or homeowners who were greedy enough to buy more home than they could rightly afford, and then benefit from their greed. It’s a presidential election year.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Fouls Up Sports Stars
  
  Two recent cases in point: record-setting baseball player Jose Canseco , and former NBA star Latrell Sprewell . Canseco, who first came to prominence as a right fielder with the Oakland Athletics back in the 1980s, has decided to walk away from his home in the Los Angeles suburb of Encino, Calif. Neighbors reportedly call it “The Hotel” because it was the biggest house in the neighborhood. It’s not just average Americans who are losing their homes to foreclosure these days. Even rich and famous athletes who earned millions of dollars during
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Economic Indicators: Image Is Everything
  
  Still, on a yearly basis existing home sales were down almost 24 percent from February 2007, and the national median sales price for all housing types for the month was down 8.2 percent), while Phoenix, San Diego, Los Angeles, Detroit, Tampa, San Francisco, Washington, D.C. Perception is everything in this market, and for savvy home buyers and investors who spend the time needed to conduct proper When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. When reports of telltale economic indicators are released,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  percent decline and Los Angeles with a 26.2 quot;I think this time residential housing is in the 100-year flood, and I think it's going to take a long time to recover," said David Shulman, senior economist at the UCLA Anderson Forecast , at the Zelman & Associates Housing Summit in Dallas on Sept. Now, in 2009, or will you wait until 2020 when everyone has forgotten about this housing slump and is raving about skyrocketing home prices? Posted 09-30-2008 11:27 Home prices in 20 of the nation's major metro areas in July were collectively down 16.3
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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