Hedge funds and private equity firms are looking to cash in on real estate, “rushing in to buy up companies and assets in every part of the housing supply chain, including undeveloped land, homebuilders, foreclosed homes, and building parts manufacturers,” . . . → Read More: Investors Take Big Bite Out of Housing Market
Detectives say suspects obtained lists of subscribers who had submitted “vacation holds.”
The Los Angeles Times is reporting that three men have been arrested in connection with $1 million in burglaries from the homes of vacationing Times subscribers.
The burglaries occurred over the past three years, according to the Los Angeles Sheriff’s Department.
“Detectives said . . . → Read More: Burglary Ring Hits Vacationing L.A. Times Subscribers
No matter what real estate trends look like, buying a house is always a big decision. So when is the right time to make this investment? . . . → Read More: Your Home – Your Nest Egg
The housing market has turned—at last.
[Click picture to enlarge]
The U.S. finally has moved beyond attention-grabbing predictions from housing “experts” that housing is bottoming. The numbers are now convincing.
Nearly seven years after the housing bubble burst, most indexes of house prices are bending up. “We finally saw some rising home prices,” S&P’s . . . → Read More: Yes, The U.S. Housing Bust Is Over
Buying a condo in the Greater Los Angeles and San Fernando Valley areas is about to get easier thanks to new FHA changes. A famous songwriter refuses to leave his foreclosed home, and interest rates do some crazy things this week.
Enjoy this Facebook Friday video. If you have any questions, post below.
. . . → Read More: WAR! What is it good for? Getting squatters out!
For the third consecutive month, foreclosure filings dropped, sinking to their lowest level since July 2007, according to RealtyTrac’s April report on nationwide foreclosure activity.
Foreclosure activity, which includes default notices, scheduled auctions, and bank repossessions, fell 5 percent from March to April and were down 14 percent year-over-year.
“More distressed loans are being diverted . . . → Read More: Foreclosures Plummet to 5-Year Lows
California is helping homeowners pay their mortgage through a program called Keep Your Home California. Marsia saw a presentation during Congressman Brad Sherman’s Seminar on Refinancing, Home Purchasing & Foreclosure Prevention last February and it looks to be a great program. To find out who qualifies, watch this short video.
Also, Ikea is selling houses to . . . → Read More: Is California Really Giving Free Money to Homeowners?
The Los Angeles Department of Water and Power (LADWP) is warning its customers to be aware of a multi-state scam targeting utility customers.
According to reports, con artists have visited customers in person, posted flyers, and used social media and texting to send messages claiming that President Obama will provide a credit or directly pay . . . → Read More: Alert: Multi-State Scam Offering DWP Bill Credits From President Obama
Mayor Villaraigosa’s latest proposed budget includes raising parking fines, especially in the street sweeping category. As the LA Times points out, the fines are high and will be hard on neighborhoods with mostly apartment buildings and too few parking spaces. (See here for more on the numbers involved in LA’s parking and parking fines.)
– . . . → Read More: Here’s What You Could Be Paying For Street Cleaning Tickets
Image: 1937 mural by Buckley Mac-Gurrin depicting the 1781 founding of Los Angeles. The mural once appeared in the Los Angeles Hall of Records, but is now in storage. Photo courtesy of the Los Angeles Public Library Photo Collection.
by Jeremy Rosenberg of KCET
Law: Laws of the Indies Year: . . . → Read More: Laws That Shaped L.A.: Why Los Angeles Isn’t a Beach Town