Bakersfield Real Estate News
Thursday May 21 | via Inman Real Estate News
Driven by an increase in bank repossessions, 125,875 properties faced some form of foreclosure activity in April, representing an 18-month high, according to RealtyTrac's U.S. Foreclosure Market Report. April's foreclosure property count marks a 3 percent jump from March and a 9 percent leap from a year ago, but RealtyTrac Vice President Daren Blomquist emphasized that it's a lagging indicator and a consequence of past foreclosures moving through the pipeline, not an indication of a current housing turbulence. Comment?
Apr 13, 2015 | via TurnTo23.com
BAKERSFIELD, Calif. - FRESNO, Calif. - Evelyn Brigget Sanchez, 32, and Darling Arlette Montalvo, 34, both of Bakersfield, were sentenced today to two years in prison each for their involvement in a mortgage fraud scheme that ran from October 2005 to May 2007, United States Attorney Benjamin B. Wagner announced. Comment?
Mar 20, 2015 | via Los Angeles Times
An Amazon Fulfillment Center in San Bernardino. The logistics industry is a huge source of the Inland Empire's recent health. Comment?
Nov 12, 2014 | via The Fresno Bee
In 2014, the price we are paying for this misguided decision is the most expensive midterm election in history coupled with record low voter turnout. Either of these trends would be of serious concern; together, they are catastrophic. Comment?
Oct 29, 2014 | via Los Angeles Times
The Fed's key short-term interest rate has been at rock bottom since December 2008, and the focus in the markets now shifts to when Fed Chairwoman Janet L. Yellen, above, and her colleagues might begin to raise it. The Fed's key short-term interest rate has been at rock bottom since December 2008, and the focus in the markets now shifts to when Fed Chairwoman Janet L. Yellen, above, and her colleagues might begin to raise it. Comment?
Friday | via Banker & Tradesman
A new report from real estate data collector RealtyTrac shows U.S. foreclosure filings were up 3 percent in April compared with March and up 9 percent from the same time last year, reaching their highest levels in over a year. The U.S. foreclosure rate in April was one in every 1,049 housing units with a foreclosure filing, according to RealtyTrac. Comment?
Thursday | via Monterey County Herald
The University Village Apartments, an affordable housing development off Second Avenue in Marina, are under contruction in March 2014. Monterey >> Rising home prices so far this year have kept Monterey County home affordability at near-record lows, contributing to an increase in rents. Comment?
Wednesday May 20 | via Palo Alto Weekly
Home sales are provided by California REsource, a real estate information company that obtains the information from the County Recorder's Office. Information is recorded from deeds after the close of escrow and published within four to eight weeks. Comment?
Wednesday May 20 | via JD Supra
Policyholders seeking insurance funds to settle a case often face an insurer's demand that some amount should be allocated to uncovered claims or parties. The issue arises often under directors and officers liability policies, when settlements resolve the liability of covered directors and the uncovered company. Comment?
Saturday May 16 | via The Orange County Register
Not so long ago, Orange County was a comparatively affordable place to buy a home. Not anymore. Comment?
28 min ago | via The Independent
Note: We do not store your email address but your IP address will be logged to prevent abuse of this feature. Please read our Legal Terms & Policies I wasn't surprised to read the research from Nottingham building society this week revealing that one in six homeowners are considering remortgaging before the end of this year. Comment?
55 min ago | via KFYI-AM Phoenix
Ready for some straight talk on mortgage? Radio personality Kerri Kasem and mortgage guru Alex Michaels host an informative discussion about today's market, loan products, and how refinancing can help you: * Lock-in a lower interest rate * Cash-out refinance to pay off high interest debts or finance a large purchase The New American Funding Mortgage Radio Show demystifies mortgage to help you understand the terrain of today's market and make informed decisions about one of life's biggest investments. Comment?
1 hr ago | via Reuters
May 24 With the latest effort by Sweden to cool its housing market postponed by a court, concerns are escalating that political stagnation, a faulty institutional set-up and high household debt risks sending the triple A economy into a tailspin. A move to force homeowners to pay down the principal of their mortgages -- what many economists say is the very least needed to avoid a housing bubble -- was postponed after a court in April said the Swedish Financial Supervisory Authority lacked a legal mandate. Comment?
2 hrs ago | via The Independent
What have banks learnt from the payment protection insurance scandal? Judging from bald statistics from the Financial Ombudsman Service , the banks have used the experience to learn how to mis-sell other products. Claims to the FOS have gone up 278 per cent for "packaged accounts" - those offering a range of insurance products and services along with a fee-paying account. Comment?
2 hrs ago | via The Independent
Simon Read is Personal Finance Editor at The Independent. He edits the Saturday Your Money section as well as writing for the news and business pages of the Independent and i newspaper. Comment?
Copyright © 2015 Topix LLC