Coloma Real Estate News
Tuesday Apr 28 | via Rocklin and Roseville Today
A federal grand jury returned a 21-count indictment against Abolghasseni "Abe" Alizadeh, 56, of Granite Bay, and Mary Sue Weaver, 62, of Roseville, charging them with various counts of mail, wire and bank fraud in connection with schemes to defraud lenders in large commercial real estate transactions between mid-2004 and April 2008, United States Attorney Benjamin B. Wagner announced. According to court documents, Alizadeh, a property developer, was formerly the principal partner in Kobra Properties, a company that owned numerous commercial real estate properties in Northern California. Comment?
Apr 3, 2015 | via JD Supra
PACE loans can cover up to 100% of the cost of a project, depending on the specific program and the particular project. Similar to other assessments, a PACE assessment runs with the property and can be transferred to a purchaser upon sale. Comment?
Mar 15, 2015 | via Groong
Auburn Journal March 15 2015 People in business: Joseph Vitullo joins Union Bank as mortgage consultant Union Bank announced that Joseph Vitullo has joined its Retail Consumer Lending team as a mortgage consultant in Placer County. Based in Auburn, Vitullo is responsible for assisting clients with their home mortgage needs. Comment?
Mar 6, 2015 | via Tahoe Daily Tribune
On Feb. 27, Placer County released a revised notice of preparation of an Environmental Impact Report for the Martis Valley West Parcel Project. The deadline to submit written comments is 5 p.m., March 30. They can be mailed to Environmental Coordination Services, Community Development Resource Agency, 3091 County Center Drive, Suite 190 Auburn, CA 95603; faxed to 530-745-3080 or emailed to email@example.com. Comment?
Feb 18, 2015 | via Rocklin and Roseville Today
Placer County is accepting applications for a program that helps eligible low-income residents purchase their first homes by making monthly mortgage payments more affordable. Loans up to $100,000 are available through the First-Time Home Buyer Assistance Program to help qualified households purchase homes in unincorporated areas of Placer County. Comment?
14 hrs ago | via Federal Bureau of Investigation
A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced. Felony charges were filed today in the U.S. District Court for the Northern District of California in Oakland against Wayne Lippman of Walnut Creek, California. Comment?
Yesterday | via The Columbian
More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities. That's the finding of an analysis of Census data by Enterprise Community Partners, a nonprofit that helps finance affordable housing. Comment?
Sunday | via WTSP-TV Saint Petersburg
More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities. 1 in 4 renters use half their pay for housing costs More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities. Comment?
Sunday | via News Herald
Since the end of 2010, rental prices have surged at nearly twice the pace of average hourly wages, according to data from the real estate firm Zillow and the Labor Department. 1 in 4 renters use half their pay for housing costs Since the end of 2010, rental prices have surged at nearly twice the pace of average hourly wages, according to data from the real estate firm Zillow and the Labor Department. Comment?
Sunday | via Zillow Blog
With rents eating up an ever greater share of people's incomes, more renters are looking to buy homes. But that avenue isn't possible for many lower-income workers. Comment?
6 hrs ago | via West Australian
The Commonwealth Bank has passed on a portion of the Reserve Bank's 0.25 per cent interest rate cut, cutting its standard variable rate by 20 basis points. The cut puts its standard variable rate to what it says is the lowest in its history at 5.45 per cent. Comment?
6 hrs ago | via Canada NewsWire
Common equity tier 1 capital ratio was 10.5%, the tier 1 ratio was 11.8% and the total capital ratio was 13.1% at The impact of higher fee income arising from increased capital market activities, growth in our Commercial and Global Banking and Market portfolios and increased gains on sales of available-for-sale securities was more than offset by the impact of derivative fair value movements recycled to the income statement due to hedge accounting criteria not having been met. Results also continue to be negatively impacted by competitive pressures in the low interest rate environment and run-off of the consumer finance portfolio. Comment?
6 hrs ago | via The Columbus Dispatch
In June 2014, Heather Schneiter bought a new house on Dresden Street in the South Linden neighborhood for the asking price of $92,000. The three-bedroom, two-and-a-half bath, 1,646-square-foot house, located across the street from the Linden-McKinley STEM Academy, was built by the Greater Linden Development Corp. using federal neighborhood-stabilization funds. Comment?
6 hrs ago | via Cape Gazette
Before the crash, it used to be easy. You called a loan officer, told them what you made and what you owed and BAM! - they sent you a pre-qualification letter. Comment?
6 hrs ago | via This Is Somerset
Political leaders will embark on a frenetic final 48 hours of campaigning as they desperately seek to secure a decisive breakthrough with voters at Thursday's General Election. With polling stations open in just two days for one of the most finely-balanced contests in living memory, they will tour the country to push key messages in a bid to move stubbornly-deadlocked polls. Comment?
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