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FORECLOSURES DROP NEARLY 40% IN CALIFORNIA DUE TO NEW LAW PROTECTING HOMEOWNERS

 

By Miriam Raftery

February 14, 2013 (San Diego) – Just in time for Valentine’s Day, here’s some news homeowners will love.  In California, foreclosure filings plunged 39.5% from December to January – the first time since early 2007 that California did not have the highest foreclosure rates in the nation. Nationally, foreclosures have fallen too, though far less steeply: 11% from December to January, and 28.5% from a year ago.

What’s fueling the sudden change?  According to Mortgage Daily News, the state and national shifts are due to California’s new Homeowners Bill of Rights, passed by the Legislature at the request of California Attorney General Kamala Harris (in photo, left, with Governor Jerry Brown).

HOMEOWNER'S GURU: IS IT A GOOD TIME TO BUY OR SELL A HOME?

 

 

By E.V. Small

February 5, 2013 (San Diego County)--For the past two years this question was extremely easy to answer. The combination of historically low interest rates and abundant inventory due to the record number of foreclosures has resulted in the lowest housing cost in decades.

SOUTHERN CALIFORNIA REAL ESTATE MARKET FINISHES STRONG AT END OF 2012

Foreclosures down 41% in California and 19% nationwide

By Kurt Wannebo

January 5, 2013 (San Diego)--The year 2012 has become the critical turning point in this downward market that began many years ago. Analysts will say that the real estate market started its downward trend in 2008, however, through my work I was able to see indicators and pockets of areas starting to decline as early as 2006. 

EAST COUNTY ROUNDUP: TOP LOCAL AND STATE NEWS

October 18, 2012  --  (San Diego’s East County)--East County Roundup highlights top stories of interest to East County and San Diego’s inland regions, published in other media. This week’s top “Roundup” headlines include:

STATE

  • Foreclosures drop dramatically statewide (Sacramento Bee)
  • Cal-Pers approves 85% rate hike for long-term care (Sacramento Bee)

LOCAL

  • State denies SDG&E bailout (10 News)
  • Judge delays SDG&E trial amid noose talk (UT San Diego)
  • San Diego Supervisors vote to charge poor for their Sixth Amendment rights (Citybeat)
  • Lawsuit says police shouldn’t decide who is a reporter (UT San Diego)
  • Unplugging wind subsidies: Looming end of wind (UT San Diego)
  • Bilbray, Peters spar in first debate (UT San Diego)
  • The race for La Mesa (La Mesa Today)
  • State Treasurer: Fire Poway bond staff (Voice of San Diego)
  • CPUC launches  probe of San Onofre, its costs (UT San Diego)
  • Charter school in La Mesa ranked eighth in state in API scores
  • Real DeMaio doesn’t live up to ‘taxpayer watchdog’ name (Voice of San Diego)
  • SDGLN won’t accept pro-Filner ads (CityBeat)
  • Trailer Parks in La Mesa? One Council Candidate Welcomes the Idea 

Read more for excerpts and links to full stories.

EAST COUNTY ROUNDUP: TOP LOCAL AND STATE NEWS

 
July 26, 2012 --  (San Diego’s East County)--East County Roundup highlights top stories of interest to East County and San Diego’s inland regions, published in other media. This week’s top “Roundup” headlines include: 
 
 
 
 
 
 
STATE
  • Health insurance rebates due next week across California  (Sacramento Bee)
  • California Parks Director resigns amid scandal (Sacramento Bee)
  • Prop 32 opponents blast measure as flawed, unfair (Sacramento Bee)
  • 4th night of unrest in Anaheim as protesters confront police (San Diego Free Press)
  • Will California’s controversial desalination plant get off the ground?  Here’s the last hurdle it faces (Alternet)
LOCAL
  • Foreclosures plummet in San Diego County (UT San Diego)
  • Council won’t sign PBID yet (La Mesa Today)
  • San Diego: America’s Olympic capital (UT San Diego)
  • Lakeside’s Long new face of Olympics (UT San Diego)
  • Abuse of power allegations levied against Border Patrol (10 News)
  • Video shows border agent destroying water for migrants (10 News)
 
Read more for excerpts and links to full stories.

FROM THE REAL ESTATE TRENCHES: THE BIG PICTURE, PLUS LOCAL REAL ESTATE NEWS

 
By Charlotte Reed, REALTOR, SRES CRS
Windermere SoCal Real Estate La Mesa Branch
 
July 13, 2012 (San Diego’s East County) –This week in the real estate trenches, we bring you some “big picture” news of landmark state legislation and a major federal court case settlement, both of which have major ramifications for our local real estate market, lenders and consumers. We also include some local news highlights of interest to the East County real estate community. 

GOVERNOR SIGNS HOMEOWNERS BILL OF RIGHTS INTO LAW


July 11, 2012 -- Marking a major milestone for Californians and all Americans, the Homeowners Bill of Rights, a package of bills sponsored by Attorney General Kamala D. Harris that gives homeowners important new protections and places restrictions on how aggressively banks can foreclose, was signed into law today by Governor Brown.

SAN DIEGO COUNTY LIBRARIES OFFER HOME CLINICS THROUGHOUT THE COUNTY

 

March 13, 2012 (San Diego) – Foreclosures and notices of default remain a problem for many in the county.  The San Diego County Library is sponsoring HOME Clinics at branches throughout the county during 2012 to help homeowners get the information they need.  The clinics provide homeowners in distress with the opportunity to speak with professionals regarding their options as well as educational sessions on how to keep their home.  

THE WOMAN WHO STOOD ALONE AGAINST THE “THIEVING BANKS”

How Kamala Harris played hardball and won $18 billion to help California homeowners 

Story by Miriam Raftery, photos by Ron Logan

February 13, 2012 (San Diego) – Last September, the U.S. Department of Justice and attorney generals from other states were ready to sign a multi-state settlement of misconduct by banks that resulted in foreclosures.  The deal on the table? An estimated $4 billion or less for California, the state hardest hit by the foreclosure crisis. Moreover, no wrongdoers would be prosecuted.

So California’s Attorney General Kamala Harris stood up—and walked out. 

Her actions led to a dramatically different settlement reached last week that is expected to ultimately reach $40 billion—including an estimated $18 billion for California and $1.5 billion for San Diego homeowners.

FROM THE REAL ESTATE TRENCHES

By  Charlotte Reed,  Realtor, SRES, CRS
 
Real Estate is my business…my only business
 
A weekly column that focuses on Real Estate news that will have an impact on buyers and sellers of real estate in San Diego East County.
 
February 13, 2012 (San Diego’s East County) -- This week’s top real estate stories are:
 
  •         Big Bank/Feds settlement
  •         Free Homeowners counseling
  •        Weekly ESDCAR meeting 

SUSAN DAVIS URGES PRESIDENT TO APPOINT HOUSING AGENCY DIRECTOR, BYPASS SENATE STONEWALLING


February 1, 2012 (Washington D.C.)--
Congresswoman Susan Davis (D-San Diego), along with 27 other members of Congress, called upon President Obama to make an immediate appointment for the Director of the Federal Housing Financial Agency (FHFA).


“Reigniting the American Dream and expanding on our nation's economic recovery is contingent on restoring the housing market to the pillar of economic strength it once was," said Rep. Davis.  “We need a director in place at FHFA who can guide that effort and help middle class families avoid foreclosures and keep them in their homes.”

PROTESTS MOUNT AGAINST BIG BANKS STATEWIDE AND LOCALLY


HOMEOWNERS & COMMUNITY MEMBERS ASK PUBLIC TO SUPPORT LEGISLATION TO SLOW FORECLOSURES; RAMONA CITIZENS LAUNCH NATIONAL REFORM CAMPAIGN

 

March 20, 2011 (San Diego) -- Rallies held in San Diego, Ramona, and across California last week demanded accountability by big banks and called on the public to support new legislative bills aimed at curbing California’s soaring foreclosure rates.

SENATOR BOXER ANNOUNCES RESOURCES FOR STRUGGLING HOMEOWNERS AS FORECLOSURE RATES IN SAN DIEGO SOAR

 

March 7, 2011 (San Diego) – Foreclosure rates in San Diego County are five times higher than normal, the real estate data firm Foreclosure Radar reports, according to a March 3rd article in the North County Times.

 

Today, California Senator Barbara Boxer has announced a new “Resources for Struggling Homeowners” web page on the constituent services section of her Senate website at http://boxer.senate.gov/en/services/homes.cfm. The Homeowners page contains useful information and links to federal programs that assist people threatened with the loss of their home. It also includes links to the California Housing Finance Agency’s new “Keep Your Home California” program.

READER'S EDITORIAL: RAMONA FORUM ANNOUNCES FRIDAY RALLIES AT BANK TO STOP FORECLOSURES

"Don't wait for your town to be devastated. Take action Now! Here's an example of what you can do.  Pass this on." -- Dave Patterson


By Dave Patterson
 

February 3, 2011 (Ramona)--In October 2007, Ramona lost more than 500 homes to the Witch Creek fire, a devastating blow to our economy and the vitality of our community. Since 2007, approximately 360 families in Ramona have lost their homes to foreclosure with a similar negative effect, and there are currently 140 more foreclosures initiated. Projections for 2011 are worse than 2010 with the potential for another 5 million homes foreclosed nationwide in the next few years.
 

With Ramona suffering at what may be the highest foreclosure rate in the county, we find ourselves at the tip of the iceberg. So we ask the question: at what point will the Ramona community reach the breaking point with the onslaught of home foreclosures? Are 500, 600 or 1,000 foreclosures enough to make our town look like a movie set for the Grapes of Wrath?

DOLLAR-WISE DIVAS: ARE YOU IN DANGER OF LOSING YOUR HOME? FREE LOAN MODIFICATION ASSISTANCE

 

Share creative ideas to assist people of all ages with tips to save money and improve their lifestyle!

 

By Nancy and Dawn Clement

October 27, 2010 (San Diego’s East County) – Recently, Dollar-Wi$e Diva Nancy had lunch with Jeff Davi, the California Department of Real Estate Commissioner. The event was a real estate summit with several hundred realtors in attendance. Davi challenged us to become more proactive and share our knowledge with our communities. We accepted the challenge! Our next few Dollar-Wi$e Divas columns will focus on ideas and solutions to assist homeowners who are facing hardships in paying for their mortgages.


A startling statistic:
as of June 30, 1 of every 10 American homeowners is at least one month behind on their mortgage payment according to the Mortgage Brokers Association.

BIG BANK BACKS DOWN--FOR NOW; HALTS FORECLOSURE ON CANCER PATIENT'S HOME AS CONGRESSMAN LEADS VIGIL

 

By Miriam Raftery
“I hope this will spread across America.” - Congressman Bob Filner at a pre-dawn rally, where he announced that Union Bank called off plans to have the Sheriff issue a foreclosure notice today to evict a woman and her child with cancer

“We can join together and fight these banks.” – Ray Lutz, 52nd Congressional district candidate
 

September 14, 2010 (Bonita) – “Thank you, thank you!” Luz Maria Villanueva’s voice was choked with emotion at a rally on her front lawn organized by Congressman Bob Filner (D-San Diego). Nearly 100 people turned out at 5:30 a.m. for a candlelight vigil to protest Union Bank’s announced plan to have the Sheriff’s department take Villanueva’s Bonita home. She has pleaded for a reprieve at least until her son, who is legally blind and has cancer, completes chemotherapy treatments.

CONGRESSMAN FILNER TO LEAD COMMUNITY RALLY TO SAVE CHILD WITH CANCER FROM LOSING FAMILY HOME TO FORECLOSURE IN BONITA


East County News Service

September 13, 2010 (Bonita) – Congressman Bob Filner (D-San Diego) is urging  the public to join him in a massive demonstration against foreclosures.

ANDERSON BILL TO PROTECT HOMEOWNERS FROM FORECLOSURE AWAITS GOVERNOR’S SIGNATURE

October 8, 2009 (San Diego’s East County)—AB 1046, authored by Assemblyman Joel Anderson (R-Alpine) has passed both houses of the Legislature unanimously and is now on the Governor’s desk. If enacted, would protect homeowners from having their home seized by creditors as payment for debt that is unrelated to their mortgage.

 

“Hard times can fall on anyone and it is important to have basic legal protections for their greatest investment - their life savings,” Anderson said.

REPORT: FORECLOSURE MEDIATION PROGRAMS’ POTENTIAL TO HELP HOMEOWNERS NOW IN JEOPARDY DUE TO LACK OF INDUSTRY ACCOUNTABILITY

 

National Consumer Law Center Looks at 25 Programs in 14 States Including California: Mediation Programs Seen as Faltering

 

October 7, 2009 (Washington D.C.)--A spate of new state and local programs that have emerged over the last year requiring mediations or conferences before foreclosures sales take place have great potential to help homeowners, but are suffering from the same lack of industry accountability that has plagued voluntary federal mortgage modification programs, according to a major new study from the nonprofit National Consumer Law Center (NCLC).

GOOD MONEY: SEIZE THE OPPORTUNITY! UNDERSTAND THE INCENTIVES FOR FIRST-TIME HOME PURCHASERS


Editor's  Note:  Our columnist, Judith Seid, has been a featured guest on NBC and San Diego News Network recently, for those who want more of her "Good Money" advice.

 
GOOD MONEY: Your guide to profitable & socially responsible investing

By Judith L. Seid, CFP ®
President, Blue Summit Financial Group
 
August 15, 2009 (La Mesa) -- It doesn’t get much better than this for first-time home buyers. Low interest rates. Home prices at a five-year low--and free government money for your purchase!

ASSEMBLYMEMBER BLOCK TO HOST 2 PUBLIC EVENTS THIS WEEK: OPEN HOUSE & FREE CLINIC FOR DISTRESSED HOMEOWNERS

July 5, 2009 (Lemon Grove)-- Assemblymember Marty Block (D-78) will host an open house at his DistOffice in Lemon Grove on Friday, plus a free clinic in Bonita on Saturday for homeowners facing foreclosure.

EL CAJON LAUNCHES PROGRAM TO PREVENT HOME FORECLOSURES

foreclosure.jpg

June 1, 2009 (El Cajon) If you're a homeowner in need of help to avoid foreclosure, take heart! Starting today, the City of El Cajon is offering help through a new Homeownership Foreclosure Program (HFP). The HFP Program provides a toolbox of alternatives for low and moderate-income homeowners of properties within the incorporated City of El Cajon who are in jeopardy of losing their homes.

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