Lawndale 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

• 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

• Foreclosure notices double in 2nd quarter

  Yesterday | via San Gabriel Valley Tribune 

  Lenders sent more than twice as many foreclosure notices in the second quarter of this year as they sent over the same period last year, according to a leading real estate tracking firm.

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  Related Topix: West Covina, CA, Home, Mortgage, San Gabriel, CA, Home Listing, Los Angeles County, CA

• Record number of California homeowners default on mortgages in 2nd quarter

  Yesterday | via KCPQ 

  A record number of California homeowners defaulted on mortgages last quarter, a real estate information service reported today.

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  Related Topix: Home, Mortgage, Mortgage, Personal Finance, Foreclosures, Los Angeles County, CA

Regional Headlines

• Report: Grand jury investigating subprime lenders

  55 min 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.

  Comment?

  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 ...

  Comment?

  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.

  Comment?

  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

• Sales of Existing Homes Nonexistent

  1 min ago | via Huliq.com 

  Sales of US existing homes fell 2.6% to an annualized rate of 4.86 million from a 4.99 million pace the prior month.

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

• Banks step up Fed borrowing, Wall Street passes

  1 min ago | via The Flint Journal 

  Banks stepped up their borrowing over the past week from the Federal Reserve's emergency lending program, while Wall Street firms didn't draw such loans.

  Comment?

  Related Topix: Home, Mortgage, Mortgage, Personal Finance

• Jobless claims jump as housing market gets weaker

  1 min ago | via Marin Independent Journal 

  Two cornerstones of the economy - jobs and housing - sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record.

  Comment?

  Related Topix: Housing, Foreclosures

• Gloomy day for U.S. markets

  1 min ago | via The Globe and Mail 

  The number of U.S. workers filing new claims for jobless benefits jumped 34,000 last week, the Labor Department said, in part reflecting seasonal volatility typical at this time of year, but also indicating ...

  Comment?

  Related Topix: Financial Markets, Home, Mortgage, Home Selling, Stamford, CT, New Haven Metro

• Md. Woman Charged In Tax Scandal

  1 min ago | via NewsChannel 8 

  A real estate agent from Prince George's County has been charged in a scheme that prosecutors believe defrauded the D.C. tax office out of nearly $50 million.

  Comment?

  Related Topix: Real Estate, Clinton, MD, University of the District of Columbia