SEASONS CHANGE…AND SO HAS THE MARKET

You can feel it in the air! The season has changed and Fall has arrived. Historically, fall is the time when the real estate market slows down after the summer rush as families settle into a new school year. And this year is no different…or is it? In the last few weeks, we have seen a flurry of price reductions and listings are now taking longer to sell. Could this...

California Foreclosure Reform Update

From Housing Wire By Jon Prior • April 18, 2012 • 12:34pm Seven bills reforming some foreclosure rules passed committees in the California state legislature this week. The bills were introduced in February. One set of bills extends protections to tenants, giving them 90 days before eviction after the foreclosure sale of the property. Another increases penalties to banks that fail to maintain blighted homes. Servicers would be required to provide documentation...