Homes for sale grow scarce as sellers wait – ...

Homes for sale grow scarce as sellers waitWorcester TelegramIn the first quarter, foreclosure filings in the US fell to the lowest level since 2007, RealtyTrac Inc. said last month. Resales of foreclosures by Fannie Mae and Freddie Mac, the government-sponsored mortgage buyers, fell to 77104 homes in the first …

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Foreclosure-prevention efforts face obstacles in ...

Los Angeles Times Foreclosure-prevention efforts face obstacles in SacramentoLos Angeles TimesA legislative panel called to rescue two stalled foreclosure-prevention bills is bogged down, and Gov. Jerry Brown wants to use part of California's share of the national mortgage settlement to trim the state's budget deficit. Gov.and more »

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‘Phonehenge’ builder ordered to repay ...

'Phonehenge' builder ordered to repay county thousandsLos Angeles TimesThe Acton property — now in foreclosure — should also be listed, Mitchell said. "It saddens me that Kim's dream of 30 years has been destroyed by the county," said Bill Guild, vice president of the Antelope Valley Truckers Assn. and among the dozen …and more » . . . → Read More: ‘Phonehenge’ builder ordered to repay …

Bay Area home sales see best April in six years ...

Bay Area home sales see best April in six yearsSan Jose Mercury NewsA drop in the number of foreclosure sales, which fetch lower prices, helped push the median sales prices up, DataQuick said. The median sales price of a Contra Costa County single-family home was $ 296750, up 12 percent from a year ago.Foreclosures . . . → Read More: Bay Area home sales see best April in six years …

Southern California housing data signal turnaround ...

Los Angeles Times Southern California housing data signal turnaroundLos Angeles TimesIn another flicker of hope for the battered housing markets, home loans in foreclosure or at least one payment past due have declined to the lowest level since 2008, according to a Mortgage Bankers Assn. report. The quarterly study on delinquencies, …Southern California home . . . → Read More: Southern California housing data signal turnaround …

Needy States Use Housing Aid Cash to Plug Budgets ...

News10.net Needy States Use Housing Aid Cash to Plug BudgetsNew York TimesIn a budget proposed this week, California joined more than a dozen states that want to help close gaping shortfalls using money paid by the nation's biggest banks and earmarked for foreclosure prevention, investigations of financial fraud and blunting …California Homeowners and Advocates . . . → Read More: Needy States Use Housing Aid Cash to Plug Budgets …

Regulator balks at California foreclosure fixes ...

Regulator balks at California foreclosure fixesReutersThe term robosigning describes the practice of bank workers signing off on foreclosure documents en masse without verifying information in the paperwork. The regulator said the proposed legislation in California would loosely define robosigning in a …

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Gov. Jerry Brown calls for more social services ...

USA TODAY Gov. Jerry Brown calls for more social services cuts to help eliminate $ 15.7 …San Jose Mercury NewsCalifornia Attorney General Kamala Harris issued a statement Monday afternoon noting her state Justice Department reached a foreclosure-crisis deal requiring the nation's largest banks to pay $ 410 million to help homeowners get the expert . . . → Read More: Gov. Jerry Brown calls for more social services …

Lenders less leery of reducing homeowners’ ...

Modesto Bee Lenders less leery of reducing homeowners' principalModesto BeeKeep Your Home California's Principal Reduction Program, for example, benefits homeowners who have experienced economic hardship, such as job loss, and who are delinquent on their loan payments or facing foreclosure. A borrower in that situation could …and more »

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A $13.9-million dream house – Los Angeles ...

Los Angeles Times A $ 13.9-million dream houseLos Angeles TimesBy California standards, it's a reasonable price for such a high-end home, but in Vegas' foreclosure-wracked real estate market — with a median sales price of just over $ 100000 — the cost is stratospheric. So, how do sellers dwelling in the rarefied …and more » . . . → Read More: A $13.9-million dream house – Los Angeles …