Covina Real Estate

Featured Article

• High-End Foreclosures Rising Among Top Tier Homes

  Monday Jun 30 | via Realty Trac 

  Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited ...

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  Related Topix: Housing, Home, Mortgage

Local Headlines

• Home foreclosures hit record high

  1 hr ago | via LA Daily News 

  Home foreclosures across the San Fernando Valley hit another record high during the year's second quarter as the housing crisis intensified, a research center said today. 1 comment

  Related Topix: Glendale, CA, Calabasas, CA, Northridge, CA, Education, Housing, Los Angeles County, CA

• Housing bill getting favorable reviews

  12 hrs ago | via San Gabriel Valley Tribune 

  A bank owned property on Calera Ave. on Wednesday July 23, 2008, in Covina. A sweeping bailout package that gained House approval on Wednesday won't necessarily turn the nation's sagging housing market around.

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  Related Topix: Covina, CA, Personal Finance, Home, Mortgage, Mortgage

• Spelling's widow buys condo for $47 million

  13 hrs ago | via Pleasant Hill Record 

  The top two floors of a residential tower still under construction have been sold for a record $47 million to Candy Spelling, the widow of TV mogul Aaron Spelling.

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  Related Topix: Housing, Foreclosures, Los Angeles County, CA, Beverly Hills, CA, Home Listing, Home

• Jonas Brothers buy house in Dallas-Fort Worth area

  19 hrs ago | via WIBW-TV Topeka 

  The Jonas Brothers reportedly bought a house in a Dallas-Fort Worth suburb - and some young neighbors sound thrilled.

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  Related Topix: Tarrant County, TX, Jonas Brothers, Home Listing, Home, Real Estate, Entertainment

• Jonas Brothers buy house in Dallas area

  Yesterday | via Daily Herald 

  The Jonas Brothers reportedly bought a house in a Dallas-Fort Worth suburb -- and some young neighbors sound thrilled.

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  Related Topix: Tarrant County, TX, Jonas Brothers, Home Listing, Home, Real Estate

Regional Headlines

• Report: Grand jury investigating subprime lenders

  1 hr ago | via The Record 

  A federal grand jury reportedly is investigating the nation's largest subprime mortgage lenders, Countrywide Financial Corp., New Century Financial Corp.

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  Related Topix: Financial Services, Countrywide Financial, Home, Mortgage, California

• Don't Let Them Slash Your Credit-Card Limits

  3 hrs ago | via WTVF Nashville 

  As big banks such as Wachovia, Citigroup and Bank of America continue to post multimillion-dollar writedowns to cover mortgage loan losses and other bad investments, credit-card holders are increasingly getting ...

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  Related Topix: Mortgage, Personal Finance, Home, Mortgage, California

• Resets begin peaking on subprime loans

  4 hrs ago | via Ledger Dispatch 

  The number of homeowners facing an increase in their subprime adjustable-rate mortgage payments will peak this summer, testing the efforts of lenders and others to keep those people out of foreclosure and ...

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  Related Topix: California, Home, Mortgage, Mortgage, Personal Finance

• Subprime Today: National City posts record loss

  8 hrs ago | via MarketWatch 

  Each morning, Subprime Today provides a summary of MarketWatch's financial coverage as well as stories from other news outlets, providing links to those original articles.

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  Related Topix: National City Corporation, Banking, Financial Services, MarketWatch, Startups, Home, Mortgage, Mortgage, Personal Finance, California

• Focus on foreclosures

  10 hrs ago | via San Bernardino County Sun 

  Help may be on the way for homeowners, banks and communities hit hard by the mortgage crisis after the House of Representatives approved a relief package on Wednesday. 1 comment

  Related Topix: Claremont Graduate University, Claremont Consortium of Colleges, California, Home, Mortgage, Mortgage, Personal Finance

National Headlines

• Discounted mortgage notes can stop foreclosures

  6 min ago | via Business Standard 

  Where politicians and bankers see vexing liabilities in defaulted mortgages and foreclosures, Robert Lee sees opportunities as he picks up the pieces of the housing bust.

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  Related Topix: Huntington Beach, CA, Home, Mortgage, Mortgage, Personal Finance, Foreclosures

• Closing Market ... Dow "283.10 ... S&P "29.65 ... Nasdaq "45.77

  7 min ago | via Cleveland.com 

  Wall Street abruptly ended an earnings-driven rally and closed sharply lower today after a steeper-than-expected decline in existing home sales and worries about the financial sector chilled the market's recent ...

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  Related Topix: Home, Housing, Home Selling, Real Estate

• Stocks Tumble After Sales of Existing Homes Fall; Dow Down 283 Points

  8 min ago | via ArkansasBusiness.com 

  The major indexes fell about 2 percent, including the Dow Jones industrial average, which lost more than 275 points.

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  Related Topix: Financial Markets, The National, Entertainment, Television, Real Estate, Home, Housing, Home Selling

• Housing Market Legislation Update

  8 min ago | via Business Law Prof Blog 

  On Wednesday, President Bush dropped his opposition to the current housing market legislation despite his objections to a $3.9 billion provision.

  Comment?

  Related Topix: Mortgage, Personal Finance, Home, Mortgage

• US House to help homeowners

  9 min ago | via The Taipei Times 

  AIDING MORTGAGE GIANTS: The House of Representatives voted to pass a bill that will provide liquidity to Fannie Mae and Freddie Mac, with some denying it is a bailout AP, WASHINGTON Friday, Jul 25, 2008, Page 7 ...

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  Related Topix: Foreclosures, George Bush, US Politics, US News, Financial Services, Fannie Mae, Home, Mortgage, Mortgage, Personal Finance