Aromas Real Estate

Featured Article

• Do New Mortgage Rules Make Borrowers Safer?

  Wednesday Jul 16 | via Realty Trac 

  You could hardly miss the headlines this week: More than 1,000 news outlets covered new rules from the Federal Reserve designed to "protect" America's mortgage borrowers.

  Comment?

  Related Topix: Home, Foreclosures, Mortgage, Mortgage, Personal Finance

Local Headlines

• Housing crisis spurs sharp jump in bankruptcies

  4 hrs ago | via Chico Enterprise-Record 

  Like many others caught in the housing crisis, Arthur was on the verge of losing his $600,000 home to foreclosure.

  Comment?

  Related Topix: Real Estate, San Benito County, CA, Santa Cruz, CA, Santa Clara, CA, Santa Cruz Metro, Monterey County, CA

• Woman suspected of running home loan scam

  Jun 21, 2008 | via Monterey County Herald 

  Gonzales police believe a woman targeting Salinas Valley residents in danger of losing their homes to foreclosure took thousands of dollars from more than 40 victims in a bogus refinancing scam. 1 comment

  Related Topix: Foreclosures, Gonzales, CA, Watsonville, CA, Santa Cruz County, CA, San Benito County, CA, Santa Clara County, CA

• Woman Accused Of Scamming Troubled Homeowners

  Jun 18, 2008 | via TheKSBWChannel 

  A Central Coast woman is accused of targeting homeowners on the verge of losing their homes and swindling them out of thousands of dollars.

  Comment?

  Related Topix: Gonzales, CA, Foreclosures, San Benito County, CA, Home, Mortgage

• Pinnacle Bank Announces Q1 2008 Results

  Apr 29, 2008 | via Earth Times 

  Pinnacle Bank , headquartered in Gilroy, California, announced today its unaudited results for the quarter ended March 31, 2008.

  Comment?

  Related Topix: Gilroy, CA, Home, Mortgage, Mortgage, Personal Finance

• California home sales still falling

  Apr 28, 2008 | via Inman 

  Home sales decreased 24.5 percent in March in California compared with the same period a year ago, while the median price of an existing home fell 29 percent, according to a recent report by the California ...

  Comment?

  Related Topix: San Francisco County, CA, Merced, CA, Santa Cruz County, CA, Sacramento, CA, Housing, San Benito County, CA

Regional Headlines

• Merced Sun-Star: Governor takes bold action

  5 hrs ago | via Los Banos Enterprise 

  Gov. Arnold Schwarzenegger appears to have taken a bold step in finding a solution to one segment of the state's housing crisis.

  Comment?

  Related Topix: Arnold Schwarzenegger, Merced Metro, Merced, CA, California, California Government, Home, Mortgage

• Home sales in June plunge 2.6%, a 10-year low, but West sees rise /...

  7 hrs ago | via SFGate 

  With an already huge glut of homes on the market, median prices fell compared with a year ago and analysts predicted prices would keep falling until next spring as tighter credit, a slipping job market and ...

  Comment?

  Related Topix: Housing, Real Estate, Foreclosures, California

• Foreclosure Effect on Renters

  Monday Jul 14 | via Voice of San Diego 

  I've been meaning to post this stat for a while. One-quarter of all foreclosed single-family homes in the state are occupied by renters, the California Apartment Association estimates.

  Comment?

  Related Topix: Foreclosures, California Government, California

• Report: Grand jury investigating subprime lenders

  18 hrs ago | via The Record 

  A federal grand jury reportedly is investigating the nation's largest subprime mortgage lenders, Countrywide Financial Corp., New Century Financial Corp.

  Comment?

  Related Topix: Financial Services, Countrywide Financial, Home, Mortgage, California

• Don't Let Them Slash Your Credit-Card Limits

  21 hrs ago | via WTVF Nashville 

  As big banks such as Wachovia, Citigroup and Bank of America continue to post multimillion-dollar writedowns to cover mortgage loan losses and other bad investments, credit-card holders are increasingly getting ...

  Comment?

  Related Topix: Mortgage, Personal Finance, Home, Mortgage, California

National Headlines

• Existing Home Sales Drop Again

  15 min ago | via On Wall Street 

  June proved to be a pretty hot month, but not in the housing market. The latest figure from the National Association of Realtors shows that existing home sales in June fell, as did the median price of a home.

  Comment?

  Related Topix: Home Selling, Home, Real Estate, Housing

• Stock market outlook mixed

  16 min ago | via The Toronto Star 

  Overseas stock markets were gloomy but Wall Street index futures pointed to a modest recovery Friday from the previous session's sharp losses.

  Comment?

  Related Topix: Housing, New Brunswick, Canada, Canada, Woodstock Area, NB, Juniper, NB, York (Toronto, ON), Ontario, Toronto, ON

• John Edwards in town

  16 min ago | via Off the Kuff 

  Former Senator and Vice Presidential candidate John Edwards was in town this week to promote his anti-poverty agenda.

  Comment?

  Related Topix: North Carolina, Foreclosures, US Politics, US News, John Edwards, 2008 Presidential Election

• U.S. 2Q foreclosure filings more than double 8:28 Am CT

  17 min ago | via Denton Record-Chronicle 

  The number of households facing the foreclosure process more than doubled in the second quarter compared to a year ago, according to data released Friday.

  Comment?

  Related Topix: Irvine, CA, Housing, Foreclosures, Stockton, CA, Stockton Metro

• Federal Bill Will Provide Incentive To 2nd Lienholders To Allow Refinance

  17 min ago | via The Real Estate Bloggers 

  While I am still not thrilled with the 300 billion dollar housing bill working it's way through Congress, they did insert some logic into the process.

  Comment?

  Related Topix: Mortgage, Personal Finance, Home, Mortgage