A New Lily Pad On A Hayes Valley Lot
If we’re not mistaken [which we were, see UPDATE], 124 Lily is a Topetcher Architecture design built on a lot split from 229 Oak behind. Single-family new construction in Hayes…
More Along The Lines Of A Figurative San Francisco “Tsunami”
“[Moody’s Investors Service] now expects losses of 3.8 percent on loans underlying 2005 prime-jumbo bonds, with estimates of 8 percent for 2006 securitizations, 10.9 percent for 2007 debt and 12.3…
An End To Confidential MLS Sales* (*Unless You’re Willing To Pay)
A plugged-in reader reports (and we hadn’t): Just an FYI (and you may have already covered this), the [San Francisco Association of Realtors] is scheduled to prohibit confidential sale prices…
Rewarding Forgiving Their Riskiest Borrowers
“Wells Fargo has forgiven an average of $46,000 in principal, or 15 percent, for the 43,500 option-ARM loans it has modified this year through September, said Franklin Codel, chief financial…
From Thirty To Fifty And Fifty To Thirty For FHA Condo Loans In 2010
While nearly unheard of just a few years ago, FHA backed loans in the Bay Area have become more common (along with associated defaults). A couple of condo related FHA…
Just BeCause Eviction Vote Scheduled For Tomorrow
Assuming a recomendation by San Francisco’s Land Use and Economic Development Committee this afternoon, tomorrow the Board of Supervisors will vote on Supervisor Avalos’ proposed legislation to extend “just cause”…
The Story (And Faces) Behind The Rise And Fall Of The Lembis
San Francisco Magazine digs deep to tell the story of the Lembis. Their business plan was simple: Exploit the difference between artificially low, rent-controlled rents and the sky’s-the-limit, market-rate rents…
It’s The Principal Of The Underwater Mortgage Matter
“We’re looking now at whether we should provide some further loss sharing for principal write downs,” [FDIC Chairman Sheila] Bair said. “Now you’re in a situation where even the good…
3577 Pacific Recap: Withdrawn From MLS (But Sold Two Days Prior)
As its MLS listing was simply withdrawn on 7/10/09 without mention of a sale, we missed it when 3577 Pacific closed escrow on 7/8/09 with a recorded contract price of…
1844 Market Street Development Hits A Banking Speed Bump
It was a plugged-in tipster that first noticed the movement on 1844 Market Street back in May. And while the builder had indeed broken ground on the 113 unit mixed-use…