Archives

SAN BERNARDINO, CA - December 28, 2010 - (RealEstateRama) -- San Bernardino County Assessor Dennis Draeger announced today that property tax relief will be available for victims of last week’s devastating floods that have ravaged San Bernardino County. According to news reports, many structures have either been destroyed or suffered extensive damage as a result of flooding in many areas of San Bernardino County

LOS ANGELES, CA - December 22, 2010 - (RealEstateRama) -- Mayor Villaraigosa joined a news conference call with fellow US Conference of Mayor (USCM) counterparts to discuss the issues of hunger and homelessness in the United States. These issues remain major challenges in U.S. cities according to a USCM report on the status of Hunger and Homelessness in 27 cities in America (listed below) that was released today by the U.S. Conference of Mayors

LOS ANGELES, CA - December 22, 2010 - (RealEstateRama) -- California home sales rose in November, but were down from the previous year, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The statewide median price declined from both the previous month and previous year

LOS ANGELES, CA - December 21, 2010 - (RealEstateRama) -- Attorney General Edmund G. Brown Jr. announced today that Wells Fargo has agreed to provide loan modifications worth more than $2 billion to thousands of California homeowners with "pick-a-pay" loans and to pay an additional $32 million to thousands of borrowers who lost their homes through foreclosure.

SACRAMENTO, CA - December 21, 2010 - (RealEstateRama) -- California homebuilders pulled permits for 21 percent more homes in November when compared to the same month a year ago, but it wont be enough to keep the state from seeing the second-lowest number of housing starts on record, the California Building Industry Association announced today.

SACRAMENTO, CA - December 20, 2010 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced today that Melissa Villegas, 31, of Sacramento, the last defendant in a mortgage fraud scheme, pleaded guilty today before United States District Judge Edward J. Garcia to conspiracy to commit mail fraud. Rick Villegas, 33, of Sacramento, pleaded guilty to mail fraud on December 15, 2010; Kathleen DeLapp, 47, of Auburn, pleaded guilty to misprision of felony on December 9, 2010; and Robert Martinson, 48, of Newcastle, pleaded guilty to mail fraud on January 8, 2010

December 17, 2010 - (RealEstateRama) -- Congresswoman Maxine Waters (D-CA), chairwoman of the Housing and Community Opportunity Subcommittee, took to the House floor this morning in support of H.R. 5510, the “Aiding Those Facing Foreclosure Act of 2010,” which would allow states to use their Hardest Hit Funds to provide legal assistance for homeowners facing foreclosure.

December 8, 2010 - (RealEstateRama) -- Through a new delivery program, the Office of Sustainability is extending the benefits of mulch to residents throughout the City. Mulch from City tree trimming operations is now available by request to Long Beach homeowners

LOS ANGELES, CA - December 6, 2010 - (RealEstateRama) -- With a new criminal case being filed this morning, federal authorities have now charged three defendants for their roles in a foreclosure rescue scam that promised the owners of hundreds of distressed properties that they could indefinitely postpone foreclosure sales.

December 3, 2010 - (RealEstateRama) -- California's Building Standards Code will change in 2011, and all development project and permit applications that are submitted to the City of Long Beach on or after January 1, 2011 must comply with the updated code.

LOS ANGELES, CA - December 2, 2010 - (RealEstateRama) -- In response to recommendations in the Deficit Reduction Commission report released today, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said it strongly opposes any changes that would modify or reduce the mortgage interest deduction.

Washington, DC - November 26, 2010 - (RealEstateRama) -- Congresswoman Maxine Waters (D-CA), Chairwoman of the Subcommittee on Housing and Community Opportunity, released the following statement in response to the announcement today by the Federal Trade Commission (FTC) issuing a final rule to protect distressed homeowners from mortgage relief scams.

Los Angeles, CA - November 24, 2010 - (RealEstateRama) -- The Los Angeles County NeighborWorks® Center for Foreclosure Solutions (CFS) coalition has been helping families facing foreclosure since the beginning of the mortgage crisis. As families head into the holidays, the significance of having a home in which to share holiday dinners with family is more important than other times in the year. As joblessness in Los Angeles remains historically high helping families to stay in their home is critical this holiday season

SAN DIMAS, CA - November 24, 2010 - (RealEstateRama) -- Congressman David Dreier (R-CA) will participate as a volunteer server at the Los Angeles Mission’s Annual Thanksgiving for the Homeless tomorrow, November 24, 2010. Dreier, a member of the Mission’s Board of Directors, has participated in the event for many years. He said the annual event is an opportunity to help those dealing with these challenging times

LOS ANGELES, CA - November 24, 2010 - (RealEstateRama) -- A federal grand jury has indicted a Sherman Oaks woman for her role in a $2 million mortgage fraud scheme in which she allegedly filed fraudulent loan applications that in some cases falsely claimed she and her husband earned nearly $50,000 per month.

SACRAMENTO, CA - November 23, 2010 - (RealEstateRama) -- Having fallen in September after four straight months of gains, total housing production in California continued to decrease in October, the California Building Industry Association announced today.

LOS ANGELES, CA - November 23, 2010 - (RealEstateRama) -- California home sales declined in October, from both the previous month and previous year, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)

November 18, 2010 - (RealEstateRama) -- More than seventy children at the Sage before and after school daycare center will now be able to enjoy a newly renovated playground thanks to the work of The Housing Authority of the City of Los Angeles (HACLA).

LOS ANGELES, CA - November 18, 2010 - (RealEstateRama) -- More than 5,500 first-time home buyers were approved for the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) Housing Affordability Fund (C.A.R.H.A.F.) Mortgage Protection Program (MPP), which provides mortgage payment assistance in the event of a job layoff

LOS ANGELES, CA - November 16, 2010 - (RealEstateRama) -- Housing affordability among first-time home buyers improved slightly in the third quarter of 2010, both on a quarter-to-quarter and year-to-year basis, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. The percentage of first-time buyers who could afford to purchase an entry-level home in California stood at 66 percent in the third quarter of 2010, according to C.A.R.’s First-time Buyer Housing Affordability Index (FTB-HAI). In the second quarter of 2010, the Index was a revised 65 percent and was 64 percent in the third quarter of 2009