Local Real Estate News
- Foreclosures decline for California, capital area May 17, 2012Foreclosure activity fell by double-digit percentages across the Sacramento region and the state in April, compared with the same month a year before, ac- cording to data released today by RealtyTrac. […]
- Capitol Towers downtown complex is sold for $64 million May 15, 2012The sprawling Capitol Towers complex, long envisioned as a potential development jewel in downtown Sacramento, has changed hands. […]
- Lenders less leery of reducing homeowners' principal May 13, 2012Principal reduction, long a nonstarter with lenders, has suddenly become a potential reality for thousands of homeowners who owe far more than their houses are worth. Marjorie Carnes of Sacramento joins a protest Thursday at President Barack Obama's Sacramento re-election office. Activists called on federal mortgage lenders Fannie Mae and Freddie Mac to […]
- Defaults gain a personal touch May 13, 2012The Chase Homeownership Center is one of a growing number of brick-and-mortar offices across the Sacramento region where homeowners facing the threat of foreclosure can get help face to face. Rebecca Martello, left, works on a loan modification for Yadira Zavala at the Chase Homeownership Center on Arden Way. Other banks have similar sites. […]
- California homeowners warned about mortgage relief scams May 13, 2012The recent nationwide settlement between states and mortgage lenders is intended to help struggling homeowners, but it may also unleash a new wave of attempts to fleece them. Kenneth Hamilton […]
- Coalition warns against fresh wave of mortgage fraud scams May 11, 2012Anticipating a fresh wave of mortgage fraud scams, a group of law enforcement, state government and real estate officials Friday warned struggling homeowners to be wary. Kenneth Hamilton, 70 […]
- Fannie ends its bailout request May 10, 2012Fannie Mae, the government-backed mortgage financier, said Wednesday that it made a profit in the first quarter of the year and that it does not need additional bailout money a first since the federal government took it over in the fall of 2008. […]
- BofA offers cuts on 200,000 home loans May 9, 2012More than 200,000 letters from Bank of America will begin landing in homeowners' mailboxes this week, the bank said Tuesday, offering principal reduction as part of the $25 billion mortgage settlement announced in February. A customer uses an ATM at a Bank of America branch. A program could cut some mortgage payments an average 30 percent. […]
- California mortgage program increases aid amount May 8, 2012Thousands of struggling homeowners could reduce the amount of money they owe on their mortgages by up to $100,000 under changes that the state's Keep Your Home California program announced Monday. […]
- Mortgage legislation splits California Democrats May 7, 2012The pitched political struggle over the future of California's mortgage law has roused labor and activist groups into using guerrilla tactics to call out moderate Democrats in an election year. Attorney General Kamala Harris talks to an Assembly committee Monday after two bills she backs were taken off the agenda. Foes call the bills "job killers. […]
