7 Articles match "Los Angeles","May","Properties"

• The Best from RealtyTrac

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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, being
  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. Overall,the foreclosure rate in the Los Angeles region has 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
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fed's Latest Moves No Real Surprise
  
  Remarking on the Fed’s rescue of AIG, the Los Angeles Times commented this morning that it seems to be an “abrupt about-face” in position considering that the Fed did not bail out Lehman Brothers as it filed for bankruptcy protection (after having bailed out Bear Stearns earlier this year). All of this rocking the boat may be making the nation’s financial markets a little queasy as the Fed decides which side its bread is buttered on. 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
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• Foreclosures Fade in World Series Spotlight
  
  Detroit’s Wayne County reported 4,190 properties entering foreclosure in September, the second most only behind Chicago’s Cook County (whose fans didn’t have any team to cheer in the playoffs this year). 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 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
  
  Located in the upscale Curtis Park neighborhood of Sacramento, the property has gone through the foreclosure auction process and reportedly been purchased by Red Rock Mortgage for $388,000, a far cry from the $535,000 Richardson paid for it back in January 2007. RealtyTrac estimates the current market value of the property at $503,000. 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. But the topic of foreclosure recently became much more personal for one Long Beach,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Coastal Disasters = More Foreclosures?
  
  It doesn’t matter if you’re living in Florida or California — coastal property is expensive and so are the insurance premiums that go with them. Back in 1994 something called “The Northridge Earthquake” (misnamed as it was) shook Los Angeles at 4:31 a.m. In 2002 the Florida Legislature created Citizens Property Insurance Corp. 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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• As Home Prices Plummet, When Will You Buy?
  
  percent decline and Los Angeles with a 26.2 have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and will take awhile to rebound, according to many economists. "I The irony of all this may be that just as the market was beginning to find some footing and correct itself in these hard-hit areas, the government jumps in 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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