The Palm Springs-based TK Theater Corporation, owner of the Lodi Sunset Theater lead the building into foreclosure. It wasn’t open to any discussion with tenants, they say. The building is now heading to foreclosure,although tenants have inquired about the building in the past. Now the Theater counts a dozen years since it is shuttered and [...]
Known as "The Movie Colony East" or Movie Colony Adjacent", the Ruth Hardy Park neighborhood is a popular area with a great mix of architectural styles. Many homes were beautifully remodeled to keep the Mid-Century design. This area showed signs of hyper activity about 6-7 year ago, but as the housing market collapsed the activity [...]
The percentage of homeowners facing foreclosure show decrease in the second quarter. The reason can be the tax credits which increase real estate prices. The latest reports show a slight decrease in defaulting homeowners: last year there were 23%, in the first quarter of 2010 22.5% and now this number went down to 21.5%. Foreclosure [...]
California short sales have tripled since 2008 according to a report released recently. Core Logic, a Santa Ana-based company specialized in real estate and mortgage markets has published its research results. These project about 400,000 short sales in 2010 method used by financially troubled homeowners. By comparison, existing homes sold at a seasonally adjusted annual [...]
According to a new study the first half of 2010 brought a 41% drop in foreclosures in Coachella Valley compared to the same period last year, although auctions rose 13.1% and bank owned properties about 19%. The report, published by RealtyTrac, and Irvine-based company was commented by Darin Blomquist, their spokesman: "It seems to be [...]
Bobbie Vivar obtained loan modification but that cost her 2 years from her life, till she saw the approval coming from the Bank of America. But she had enough of the way lenders treat with struggling homeowners like her. But before Bobbie could begin paying a lower rate, she found a foreclosure notice from another [...]
According to a new report fro the Irvine-based Atlas Hospitality Group the number of defaulted and foreclosed hotels show 18 an increase in Q2 compared to Q1 and an increase of 132% since the second quarter of 2009. The number of foreclosed hotels in California is 478, but the Atlas president Alan X. Reay believes [...]
With short sales becoming ever more popular as an alternative to foreclosures, an alarming trend dampens the irrefutable success the process offers all parties. Of course the short sale process requires the approval of the lender. Large portion of the short sales have been severely hampered by lenders failing to respond timely to the short [...]
With the Eureka Short Sale Program the homeowner’s details are withheld from the market while the conditions of the settlements are being negotiated. Subsequently the property will never be marketed as distressed sale; it will be presented to the market based on its features, not on the vulnerabilities of the parties involved. So the Eureka [...]
While Eureka is able to negotiate an agreement with the timely approval of the lender then simultaneously utilize its immense marketing capabilities to off load the property is a tremendous value to a homeowners flailing in financial uncertainty. Since the property is not marketed as short sale it gives an instant boost in marketability. Real [...]
