From the WSJ: The Securities and Exchange Commission staff is readying civil fraud charges against Countrywide Financial Corp. co-founder Angelo Mozilo, in what would be the highest-profile government legal action against a chief executive connected to the financial...
The city of Indio has a plan. This is basic common sense. Economists call it broken window syndrome. This from tonight's Nightline.
[Jim was kind enough to leave a JimTV in the cue. Enjoy. -RD] On second look, the 10% undercut mentioned in this video is harder to discern. We'll call the 'upgrades' credit even, figuring all buyers got something similar. They have a slightly smaller house (2,976sf)...
It is amazing how so many people continue to misunderstand the intent, extent and impact of California's Proposition 13. • Is $6,000/yr on a modest 2br tract home too low? • Is it fair to charge tax based on the stupidest person's in the neighborhood's price? •...
Meet the new boss, same as the old boss. While Jim the Realtor is on a well deserved and long overdue break he has foolishly handed the helm over to me. Rob Dawg. When last we did this it was a different world. Think back to the halcyon days of 2007. A bucolic time...
Lucky me! This week I'll be with our daughter Natalie on her 6th grade trip to Astro Camp in Idyllwild. I'll be back Friday, and in the interim Donna, Richard, and crew will be handling the business as usual. The last time we went on a real vacation was August, 2007,...
The builder of the 14 homes called Emerald Pointe is just hanging on - hoping that some retail buyers might surface that could put a couple of bucks in his pocket. In 2007 they sold the two prime locations at the end of the culdesac for $1,870,000 and $1,934,500. In...
From the North County Times: For the first time since home prices started diving three years ago, the median price for a house in North County showed a meaningful uptick in April, a sign the region's housing market might be transitioning toward stability. To be sure,...
There's another website for searching for foreclosures, First American CoreLogic's site: www.realquest.com It's free too! For those who have sent in requests for more information from this blog's 'foreclosures' button (above right), I apologize for being a little...
The Senate voted 91-5 in favor of the Helping Families Save Their Homes Act of 2009 (S896), which includes legal protection for servicers that modify residential mortgages. Five Senate Republicans voted against the housing bill. The safe harbor protects mortgage...
