by Phyllis Rockower | Jul 22, 2013 | Economic News
The state’s unemployment rate fell to 8.5% in June, according to figures released Thursday by the state’s Employment Development Department. That’s down from 10.6% in June 2012, the steepest decline by any state during that time period. It’s not...
by Phyllis Rockower | Jul 15, 2013 | Foreclosure Updates
RealtyTrac found. while the number of overall foreclosures fell by 35% in June from a year ago – to the lowest level since December 2006 – the number of so-called judicial foreclosures surged 34%. In California, we have a trust deed state. That means that foreclosure...
by Phyllis Rockower | Jul 9, 2013 | Housing News, Uncategorized
CoreLogic said today that completed foreclosures ticked up slightly in May compared to April, but the number of homes in process of foreclosure, the foreclosure inventory, was down to about the same degree. Both completed foreclosures and the inventory are lower by...
by Phyllis Rockower | Jun 18, 2013 | Real Estate News
For the past three years they have been swarming over the hardest-hit housing markets, buying distressed properties in bulk and pushing prices higher by double digits. The idea for these investors was not to buy and flip, but to hold and rent. Now some investors say...
by Phyllis Rockower | Feb 17, 2013 | Foreclosure Updates, Uncategorized
California has strict laws about what you can and can not do if someone is in foreclosure. They have a special agreement called an equity purchase agreement and a five day right of rescission. There is a law that will get you in trouble if you violate it. Make sure...
