A new government-sponsored refinance program for underwater homeowners is just gearing up in Sonoma County. But loan officers told local real estate agents Tuesday that it can provide real help to those owners who qualify.
People who lost their homes through foreclosure may ask for a federal review and may be eligible for compensation for financial injury under a new program announced Tuesday in Washington by the Office of the Comptroller of the Currency.
May home sales dropped to their lowest level in Sonoma County in four years, due primarily to a decrease in the sale of financially distressed properties. The county recorded 360 single-family homes sold last month, according to The Press Democrat monthly housing report compiled by Coldwell Banker manager Rick Laws. [...]