The CEO  of Foreclosure Radar is predicting 3 more years of defaults, modifications, short-sales, REOs and foreclosures! He thinks we are simply pushing it down the pike to avoid the inevitable. Sean O’Toole states “I do believe we are kicking the can down the street but not to avoid the responsibility for the massive defaults, [...] read more

Great Seabright neighborhood in Santa Cruz; Wonderful Sunny location; Easy access/walk or bike to Shoppers Corner, Buttery, Whole Foods, Seabright Beach, Surfing & Ocean View Park; Established neighborhood; Good schools; Close to town and shopping; Wonderful yard w/garden/trees and privacy for entertaining/BBQ; Separate artist or private studio/office. This is a really nice three bedroom two [...] read more

Recently we have been advised by our local mortgage professionals here in Santa Cruz that many real estate transactions have experienced delayed closings or worse as a result of the application of new guidelines affecting APR, Good Faith Estimates and Truth in Lending. The reason behind this are the new lender mandates issued by Fannie [...] read more

The Senate has amended HR 4213, the “American Jobs and Closing Tax Loopholes Act of 2010,” to extend the closing deadline for the tax credit, but has not held a vote on the amended bill itself. Senate Democrats have reportedly trimmed $60 billion in spending from the bill in hopes of passing it this week. [...] read more

U.S. home prices fell 3.2 percent in the first quarter of 2010 from the previous quarter, but they were 2.0 percent higher than the first quarter of 2009, according to the S&P/Case-Shiller Home Price Index. In Santa Cruz, the decline from the 1st quarter of 2010 compared to the fourth quarter of 2009 was only [...] read more