Southern California washes away foreclosure impact 0 The median price paid for a house in Southern California rose 23.4% from a year earlier, representing a 56-month high in March, according to San Diego-based DataQuick .
If you are foreclosed on, and the bank is not able to recover the full amount borrowed, the difference is considered income. You might find yourself having to pay income taxes on the amount you were not able to pay back. Consult with an attorney or CPA to learn how a foreclosure will personally impact you in southern california. mental effects
Jacob Gaffney named editor-in-chief at HousingWire This year’s 52 honorees were chosen by HousingWire’s editorial board for their influences to both their companies and the industry as a whole. "As the Vanguards award program continues to grow and to be more successful, the entry point gets tighter," said Jacob Gaffney, HousingWire Editor-in-Chief.
It’s too bad for the middle class, but the foreign buyers, hedge funds, and flippers are not likely going away. The population near the California coast is only going to increase as well. California housing is still a good buy, if you can afford it, I wouldn’t hold my breath for 2011 prices anytime soon.
Sellers may wonder whether doing a short sale would affect their credit less than completing a foreclosure, and whether there are other advantages between the two.While in foreclosure, and depending on state laws, a seller could possibly stay in the property, essentially rent free, for four months to a year before being forced to vacate.
The Foreclosure Crisis and Its Impact on Today’s Housing Market Ryan Reft His work has appeared in several journals, including Souls, The Sixties, California History, Planning Perspectives, Southern California Quarterly, and the Journal of Urban History, as well as in the anthology "Barack Obama and african american empowerment: The Rise of.
Blue skies and sprawling beaches aren’t Southern California’s only draw. Fortune partner Great Place to Work combed through thousands of employee surveys to pick out the best companies to work.
The Long Beach plant closure will leave about 2,000 local Boeing employees in search of new work, and place another hurdle in front of Southern California’s efforts to recover from the lingering.
Wells Fargo standing by accuracy of foreclosure affidavits 2012 marks milestone year for Trulia WFC Resources has done an excellent job creating their web-based course, From Stress to Resilience. I’m very impressed with the presentation, the graphics and the overall design and functionality.
Love and hate on the Johnson-Crapo GSE reform effort Credit Rater Accused of Misrepresenting Surveillance Approach for complex securities credit rating agency dbsr Inc. will pay nearly $6 million to settle Securities and Exchange Commission charges. The regulator is accusing the credit rater of misrepresenting the surveillance method it used for rating certain kinds of complex financial instruments over a three-year period.Cherry Creek Mortgage expands to two new states Cherry Creek Mortgage’s HomeStyle Renovation Loan and FHA 203(K) can provide the resources you need to transform a primary residence or investment property-without juggling separate loans. Regardless of whether you are buying or refinancing, you can roll renovation costs into your mortgage loan.Freddie Mac: 3 reasons lending will hit lows not seen since 2000 – Historic Mortgage Rates – FHFA / Freddie Mac / MBA. If those weren’t enough reasons to partner with AFR, Initial jobless claims hit a low not seen since october 1969 signaling labor.