Lender takes back Santa Rosa’s Courtyard by Marriott
A foreclosure auction failed to attract a buyer Monday for Santa Rosa’s Courtyard by Marriott, but the hotel’s operator said the property will remain open and undergo a major renovation.
“Long, Bleak Winter” Ahead as More U.S. Homeowners Go Underwater
The bad news is that more U.S. homeowners went underwater in the third quarter. The slightly better news is that the San Francisco market, and presumably Sonoma County, bucked that trend. Zillow.com reports last quarter 23.2 percent of all home mortgage holders owed their lenders more than their homes were [...]
Nov. 17 Workshop for Potential Homeowners
Two non-profit groups will help potential buyers understand the basics of home purchases.
Sonoma County foreclosures jump 11 percent
Lenders have foreclosed on 1,500 Sonoma County homes thus far this year, a pace that shows few signs of abating. Foreclosures increased 11 percent in the third quarter from the previous three months, according to San Diego-based MDA DataQuick. The pace remains about the same as last year but is [...]
Foreclosure improprieties could threaten housing market, economist says
Robert Kleinhenz, deputy chief economist with the California Association of Realtors, voiced concerns over investigations that banks failed to properly follow foreclosure laws. He spoke Wednesday at a luncheon of the Women’s Council of Realtors Wine County Chapter.
New rules for tenants in home foreclosures
Foreclosure Radar founder and CEO Sean O’Toole is alerting readers on his site of new requirements for those who foreclose next year on a property with tenants.
New FHA rules start Monday for mortgage insurance premiums.
As a follow to Sunday’s story on home refinancing, loan officer Scott Sheldon passed on news for those who might consider refinancing with an FHA loan. Sheldon, who works for First Cal mortgage company in Petaluma, noted that on Monday the mortgage insurance premium that borrowers must pay upfront will [...]
One in every 14 homeowners delinquent on mortgages.
Sonoma County's delinquency rate remains higher than a year ago. However, the rate of homes in some stage of foreclosure has declined, according to date released Tuesday by CoreLogic.
Foreclosures 101: The stalemate we could find ourselves in for years
Foreclosure Radar's Sean O'Toole thinks neither political leaders nor lenders have much incentive to bail out troubled homeowners or to speed up foreclosures.
Question to readers: How much did the woes of underwater property owners improve this year?
Could the county's "negative equity" rate have dropped so sharply from last year?
