The upscale La Quinta Resort & Club, PGA West and Citrus Club members have no information about the future of the golf courses and facilities. They are asking the new owner to assure them the courses and the maintenance of other facilities at the level expected of this world-class property. In court documents filed recently [...]
A new regulation coming from the Riverside County supervisors may prohibit foreclosure auctions at the 108 year old county’s courthouse steps. Problems with gatherings on the steps of the Riverside Historic Courthouse in the centre of Riverside are when several hundreds of people show up for an auction. “It’s not our intent (with this ordinance) [...]
MDA DataQuick published its report about the Californian housing market and the numbers aren’t quite positive. At least for some. Home prices dropped 2.4% last month to $249,000 from $255,000 registered in March 2010. This makes 2011 the sixth year of decreases in a row, as home prices were influenced by distressed properties. However, the [...]
Riverside County has the second highest foreclosure rate in California in the first three months of 2011, RealtyTrac reported yesterday. A total 16,8888 mortgage default notices, auction sale notices and bank repossessions were recorded countywide in the first quarter of 2011, translating to 1 in every 46 Riverside households in some stage of foreclosure, according [...]
San Diego-based Pacifica Host Hotels has added another coastal property to its portfolio: the 98 room Inn at Morry Bay, which slipped into foreclosure last year. The Central Coast property was built in 1960 and burdened with almost $14 million in debt and it was sold for slightly above $9 million, said Michael Jesus, vice [...]
A “geographically blessed golf destination” according to PGA West’s website, the development winds through 2,200 acres of valley in Palm Springs. Its six golf courses, designed by golf legends Pete Dye, Jack Nicklaus and Greg Norman, frequently host major golf tournaments. But the golf course owners run into trouble and filed for Chapter 11 protection [...]
According to the latest stats published by research firms, fewer San Diego homeowners defaulted on their mortgages in February and foreclosures declined year-over-year for the fifth consecutive time. Although this is great news for Californian homeowners analysts are cautious when commenting the state’s distressed market. “It’s hard to tell if this is a signal for [...]
