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.
Sonoma County reported an 87 percent jump in default notices that were sent in August to homeowners who had fallen behind in their mortgage payments, according to ForeclosureRadar
Sonoma County homeowners received 738 default notices between March and June, according to DataQuick, a San Diego-based real estate information service.
Santa Rosa’s California Human Development Corporation is one of a score of groups around the state that together will receive more than $3 million in aid for counseling homeowners at risk of losing their homes to foreclosure.
Buyers of larger, middle-class homes may see loan costs rise this fall if the real estate industry can’t persuade Congress to keep higher dollar limits in place for federally backed mortgages. But experts differ on the impact for Sonoma, Lake and Mendocino counties. In Sonoma County, buyers seeking federally backed mortgages this fall may be limited to $520,950, down from the current level of $662,500. Do you think such a change would have much impact on the local housing market?
Each week about 40 borrowers in the county lose their homes. When will it end?
Nearly a third of Sonoma County homeowners with mortgages remained underwater at the end of last year. Almost 31,000 residential properties — 29 percent of homes with mortgages — were in negative equity in late December, according to a report released Tuesday by CoreLogic of Santa Ana. The latest data [...]
Californians purchased homes with cash at a record pace last month, and even in Sonoma County the rate was nearly double the average for the last decade. Nearly 31 percent of all houses and condominiums bought in the Golden State in January were purchased without a mortgage, according to San [...]
Foreclosure activity slowed markedly in Sonoma County at the end of last year, but experts expressed skepticism that the decline signals a reduction in distressed properties. The county recorded 443 homes lost to foreclosure in the fourth quarter of 2010, according to a report released Tuesday by DataQuick Information Systems [...]
Christina Molcillo is a full-time writer with experience in online content development, digital marketing, and creative strategy. She has a background in journalism, magazine publication, web design, teaching, as well as avoiding karaoke nights and awkward situations. She also has a penchant for old cars, older houses, and vintage Italian scooters.