Lenders voluntarily rewrote the terms of 136,785 mortgage loans in 2008, in compliance with a 2007 agreement with Governor Schwarzenegger. Of these loan workouts, 58% involved lowering interest rates to reduce monthly payments....
Read MoreHomeowners wishing to lower their mortgage payments through a loan modification must be careful who they choose to work with: loan modification firms are too often nothing more than scam artists who charge to provide services...
Read MoreThe pervasive myth that affluent neighborhoods are immune to economic decline has again been shattered. Home prices in Beverly Hills, Santa Monica, and Malibu dropped up to 30% at the end of 2008. In Beverly Hills, 47% fewer...
Read MoreFeaturing DRE regulations of current import.
Read MoreMedian home prices again stir debate Too often, the median home sales price is used to judge actual price movement in the housing market. For December, 2008, real estate research firm MDA DataQuick reported a 47% drop from peak...
Read More
