San Simeon 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

• Foreclosures continue to soar

  Yesterday | via Monterey County Herald 

  Foreclosures in Monterey County continue to climb at a record pace, with 847 homes lost to foreclosure in the second quarter, reflecting an increase of 443 percent over the second quarter of 2007. 1 comment

  Related Topix: Santa Cruz County, CA, San Luis Obispo County, CA, Santa Barbara County, CA, Housing, Monterey County, CA

• Hurst's suspension marks third strike for local lenders

  Yesterday | via SanLuisObispo.com 

  State regulators say Atascadero's Hurst Financial has fraudulent business practices; the action follows similar orders to two other lenders The state's Department of Corporations has suspended Atascadero-based ...

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  Related Topix: Housing, Atascadero, CA, San Luis Obispo, CA, San Luis Obispo Metro, San Luis Obispo County, CA

• Foreclosures continue to skyrocket in California

  Tuesday | via KSBY-TV San Luis Obispo 

  DataQuick studies showed more than 63,000 California homes were lost to foreclosure between April and June."); var headline = escape ; OpenWin "> DataQuick studies showed more than 63,000 California homes were ...

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  Related Topix: California, Foreclosures

• State suspends Atascadero-based Hurst Financial's securities permit

  Tuesday | via SanLuisObispo.com 

  The state's Department of Corporations has suspended Atascadero-based Hurst Financial's permit to collect and sell securities to California investors, describing the business's practices as "tending to work a ...

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  Related Topix: Housing, San Luis Obispo Metro, Atascadero, CA, San Luis Obispo County, CA

• Night Moves: EFI files fund Chapter 11

  Friday Jul 4 | via UncoveredSLO 

  Estate Financial Inc. principals Karen Guth and Joshua Yaguda placed EFI's Mortgage Fund LLC into voluntary Chapter 11 bankruptcy with a July 1 appearance in .

  Comment?

  Related Topix: Paso Robles, CA, San Luis Obispo County, CA, Home, Mortgage, Mortgage, Personal Finance

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

  4 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

  5 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

  9 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

  11 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

• The slump persists: Home sales tumble across US

  2 min ago | via KVEW 

  Sales of existing homes tumbled more sharply than expected in June, pushing activity down to the lowest level in more than a decade.

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  Related Topix: Housing, Real Estate, Foreclosures, Home, Mortgage, Mortgage, Personal Finance

• Post a comment

  2 min ago | via International Herald Tribune 

  A U.S. geological agency unveiled the largest-ever survey of petroleum resources north of the Arctic Circle.

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  Related Topix: Israel, World News, Middle East, Housing

• Stocks tumble after sales of existing homes fall

  3 min ago | via KVEW 

  Stocks skidded lower Thursday after a steeper-than-expected decline in existing home sales wiped away some of the market's optimism about upbeat earnings reports.

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

• Home sales at 10-year low, jobless claims jump

  3 min ago | via Reuters 

  Jobless claims jumped and the pace of existing home sales tumbled to a 10-year low as slowing growth hit hiring and a glut of unsold houses weighed on real estate, data released on Thursday showed.

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  Related Topix: Home, Home Selling, Housing, Real Estate, Mortgage, Financial Markets

• Daytona Beach area home sales, prices slide again in June

  3 min ago | via Daytona Beach News-Journal Online 

  Existing home sales in the Daytona Beach area slipped 13 percent in June, when compared to the same period last year, while prices slid another 14 percent, the Florida Association of Realtors reported today.

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