Although they did nothing wrong, residents had to leave the property after their landlord got default notices. These cases are just two of the thousands of californians who ended up in the streets although they had different plans and agreements with their landlord. Gerald Chiaro moved into his new digs in January last year and [...]
Dozen people showed up at the Orange County Courthouse for the Best Western Hotel foreclosure auction. But it seems like it was so cold that it froze the auction too. The foreclosure auctions scheduled for both the Best Western located on Route 15 i Orange and the adjacent Red Carpet Inn was postponed, at least [...]
Continuous paperwork filing and communication with the lender didn’t help the Espinosa couple to escape from foreclosure. Art and Joyce Espinosa bought their home back in 2005 and they thought they did this for the rest of their life. But their dream didn’t last too much: the recession hit and Art’s post-retirement business of making [...]
Gold courses used to be a great place to relax and have a good time so when you mention golf course, things that come into the picture are birdies, a bogey, hooks and slices. As the recession hit the talk around golf courses changed to defaults, bankruptcies, foreclosure and seizures. Golf courses in the desert [...]
A once foreclosed foreclosed home in San Juan Capistrano breaks the prices of new constructions. The real estate which was sold couple of year ago for almost $400,000 at a foreclosure auction, located at 25712 Paseo De La Paz is listed for an amazing price of $5 million. Public records reveal that previous owners have [...]
The number of California homes going into foreclosure hit the bottom during the Q4 of 2010, the result of shifting market conditions as well as evolving lender and mortgage servicer policies, a real estate information service reported. A total of 69,799 Notices of Default (NoDs) were recorded at county recorders offices during the October-to-December period. [...]
More than a year passed since its completion, but it Best Western is still empty and now heading for foreclosure. George Thakor’s property – through Prav Lodging LLC – is located on Route 15, next door to the Red Carpet Inn, also Thakor’s property. But not for long time: next week both will go up [...]
December and Santa Claus brought lots of good news for Palm Springs housing. For instance sales of existing homes jumped in December making the last month of the year the fifth in a row of gains – an industry report says. Re-sale houses climbed 12.3% in December to an annual rate of 5.28 million [...]
California registered the highest number in distressed loans with more than $1.5 billion in distressed hotel loans just in San Diego and Riverside counties. Although revenues and overnight stays improved, foreclosures in the region totaled $255 million, while defaults were listed in excess of $1.3 billion, raising the amount to more than $1.5 billion distressed [...]
