California Foreclosure Activity Up in September Despite Apparent Decline

House puts in place legislation to set up next wave of foreclosures; tax break on forgiven debt could incent mid-tier homeowners to flee without fear

Kennedy Wilson Auctions and Sells 56 Homes in Los Banos and Manteca, California

BEVERLY HILLS, Calif., Oct. 17 /PRNewswire/ -- Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted an inventory closeout auction of Paseo West, a community of one- and two-story single-family homes ranging up to 3,310 square feet in Manteca, Calif.

RealtyTrac(R) Ranked No. 4 on Deloitte’s Technology Fast 50 List of Orange County’s Fastest...

IRVINE, Calif., Oct. 18 /PRNewswire/ -- RealtyTrac(TM), the leading online marketplace for foreclosure properties, has been named to Deloitte's prestigious Technology Fast 50 Program for Orange County, a ranking of the fastest-growing technology companies in the area.

New Construction Homebuyers Offered up to 250,000 Airline Miles

BEVERLY HILLS, Calif., Oct. 17 /PRNewswire/ -- Beginning today, homebuyers in Southern California are eligible to receive up to 250,000 airline miles on their next new construction home purchase. Incentive Real Estate, Inc., a licensed California real estate brokerage, is providing the unique reward to anyone who purchases a home from one of Incentive's select homebuilder partners in the region.

Trulia Breaks Into Hitwise Top 20 for Most Visited Real Estate Websites

Internet's fastest-growing real estate search engine provides listings, data and community features to help consumers make better real estate decisions

Avery Dennison Turns Business Cards Into a Marketing Tool for Realtors

BREA, Calif., Oct. 15 /PRNewswire/ -- Whether a Top Producer or a Rookie, realtors across the country use thousands of business cards every year, which can be very costly. One office product company is offering a new business card alternative that not only saves time and money, but lets agents turn their cards into a marketing tool.

Keller Williams Realty Westside Chooses National Disclosure Authority as Preferred Provider

SANTA MONICA, Calif., Oct. 15 /PRNewswire/ -- National Disclosure Authority (NDA), an independent hazard disclosure company, founded by the most experienced disclosure experts in the industry, announced today that Keller Williams Realty Westside, a leading Los Angeles real estate brokerage firm, has chosen to name NDA as one of their preferred providers.

Charles R. Wilson & Associates Inc. Joins Integra Realty Resources

PASADENA, Calif., Oct. 15 /PRNewswire/ -- Charles R. Wilson & Associates Inc., a leading valuation and consulting firm based in Pasadena, has become part of Integra Realty Resources, the largest national commercial real estate valuation and consulting firm in the U.S. The name of the new office is Integra Realty Resources-Metro.

Eastside Non-Profit Helps Families Hang on to Their Homes During one of the Worst...

Foreclosure Crisis Hits Hardest in Minority Communities - Research Shows 40 Percent of All Loans to Latinos are High Cost Loans

U.S. Department of the Treasury Seized & Forfeited Property Auction Riverside, CA

RIVERSIDE, Calif., Oct. 12 /PRNewswire/ -- VSE Corporation and Rick Levin & Associates, Inc. will conduct an auction of seized and forfeited property on behalf of the U.S. Department of the Treasury. Other participating agencies may include U.S. Customs & Border Protection, Immigration & Customs Enforcement, Internal Revenue Service, United States Secret Service and Bureau of Alcohol, Tobacco & Firearms.

U.S. Department of the Treasury Seized & Forfeited Property Auction Riverside, CA

RIVERSIDE, Calif., Oct. 12 /PRNewswire/ -- VSE Corporation and Rick Levin & Associates, Inc. will conduct an auction of seized and forfeited property on behalf of the U.S. Department of the Treasury. Other participating agencies may include U.S. Customs & Border Protection, Immigration & Customs Enforcement, Internal Revenue Service, United States Secret Service and Bureau of Alcohol, Tobacco & Firearms.

Tim Lewis Communities’ Amberleigh Offers Energy-Efficient Homes With SunPower Solar-Power Systems

SACRAMENTO, Calif., Oct. 11 /PRNewswire-FirstCall/ -- This weekend, Sacramento-based homebuilder Tim Lewis Communities is opening Amberleigh at Madeira, a new community of energy-efficient, solar-powered homes in Elk Grove, Calif. The planned 61 homes will feature building-integrated solar-electric power systems from SunPower Corporation (Nasdaq: SPWR), a Silicon Valley-based manufacturer of high-efficiency, commercially available solar cells, solar panels and solar systems.

Foreclosure Activity Decreases 8 Percent in September According to RealtyTrac(R) U.S. Foreclosure Market Report

IRVINE, Calif., Oct. 11 /PRNewswire/ -- RealtyTrac(R)), the leading online marketplace for foreclosure properties, today released its September 2007 U.S. Foreclosure Market Report, which shows a total of 223,538 foreclosure filings -- default notices, auction sale notices and bank repossessions -- were reported during the month, down 8 percent from the 32-month high in the previous month, but still up 99 percent from the number reported in September 2006.

Survey Results Show Lenders Not Helping Borrowers Keep Their Homes

SAN FRANCISCO, Oct. 10 /PRNewswire-USNewswire/ -- California's largest lenders are not helping borrowers, who struggle to make their mortgage payments, avoid foreclosure. The California Reinvestment Coalition (CRC) surveyed 33 of the state's more than 80 mortgage counseling agencies that offer assistance to financially strained borrowers, and found that most borrowers are pushed to foreclosure or short sale, leaving them without the homes they worked so hard to own.

Mortgage Meltdown

Ever since the real estate market boiled over, melting down the mortgage industry and its cheap-money feeding frenzy, I've been waiting for one happy outcome: an end to the roar of mortgage brokers at my various doors.

Countrywide Home Loans Partners with RealEC Technologies to Deliver Online Closing Platform

SANTA ANA, Calif., Oct. 10 /PRNewswire-FirstCall/ -- RealEC Technologies Inc., the leading provider of collaborative network solutions to the mortgage industry, today announced it has entered into an agreement with Countrywide Home Loans, Inc., a division of Countrywide Financial Corporation, allowing Countrywide to use RealEC's Web-based closing platform for mortgage refinance and home equity lending transactions.

PMI Mortgage Insurance Co. Heralds House Vote to Extend Tax Deductibility for Mortgage Insurance...

WALNUT CREEK, Calif., Oct. 4 /PRNewswire-FirstCall/ -- The PMI Group, Inc. (NYSE: PMI) applauds Thursday's overwhelming vote in the House of Representatives to pass H.R. 3648, which, among other things, extends the tax provision enabling low- to moderate-income homebuyers to deduct the cost of mortgage insurance premiums from their federal income tax returns until 2014. Similar legislation, S. 1416, was introduced in the Senate in July.

Triyar Hospitality and Warburg Pincus Launch Joint Venture Targeting Select Service Hotel Development

LOS ANGELES, Oct. 4 /PRNewswire/ -- Triyar Hospitality announced today that it has launched its first $160 million joint venture with Warburg Pincus Real Estate I, L.P. to acquire and develop select-service hotels in the Western and Southwestern United States.

California Landslide Destroys 2 Homes, Damages Several Others

Dozens of city workers remained at site of a landslide Thursday morning, monitoring the area for signs of fresh slippage and keeping evacuated residents from returning home.

Dalton Investments Launches Distressed Mortgage Strategy

LOS ANGELES, Oct. 2 /PRNewswire/ -- Dalton Investments, LLC, a SEC- registered investment management firm serving institutional and private clients, today announced that it is offering a new distressed-mortgage strategy that will buy defaulted loans from mortgage servicing companies at significant discounts and restructure them, providing affordable monthly payments for homeowners and a residential mortgage- and real estate-backed investment vehicle for Dalton's investors.

Popular Government & Nonprofit Press Releases

President Signs Rep. Cook’s Legislation to Ensure Fair Housing Benefit for...

President Trump has signed HR 3218, Harry W. Colmery Veterans Educational Assistance Act of 2017. Rep. Cook was a co-sponsor of the legislation, which includes language from his Veterans Education Equity Act.

Recent Government & Nonprofit Press Releases

Lofgren announces federal funding for zero-emissions buses at Mineta Airport

A new, nearly $3.2 million federal grant was awarded to the Norman Y. Mineta San Jose International Airport to purchase six zero-emissions shuttle buses and associated charging infrastructure, announced U.S. Rep. Zoe Lofgren (D-San Jose) today