A Few More Numbers For The Most Recent Lembi Twelve
Some additional numbers on the twelve properties the Lembis put on the market in May: Lembi hopes to generate $43 million in revenue from the disposition, which equates to approximately…
If You’re Looking To Renovate Or Rewire In San Francisco…
“Unemployment in San Francisco’s building trades sector is over 20 percent, with about 50 percent of unionized electricians out of work, according to San Francisco Building and Construction Trades Council…
A Rose By Any Other Name (But Not Necessarily A Neighborhood)
From the Chronicle with regard to San Francisco’s neighborhood naming: Stepping into the fray, the San Francisco Association of Realtors is coming out with a new neighborhood map this summer…
The Montgomery Surpasses Itself (Now Offering 5% Commissions)
Last month the sales office at The Montgomery extended their “unsurpassed offer” of 4.5% broker commissions through May 31. And while it’s not yet the thirty-first, the sales office is…
Loan Officers Forced To Play The Field Rather Than Pick Their Horse
A long awaited “appraisal overhaul” for agency backed mortgages goes into effect May first. Some color from Julian Hebron at RPM Mortgage: As of May 1, the Federal Housing Finance…
Mortgage Rates Are Down But Are The “Bad Ways” Picking Back Up?
From a plugged-in reader refinancing a home up in Portland: We just signed on our refinance (4.625% for 1 point) and we were talking to a woman who worked at…
Lembis At Risk Of Losing Another 23 Apartment Buildings
After deeding 51 buildings back to the bank in lieu of foreclosure in January, the Lembis are at risk of losing another 23 of their remaining 250-ish apartment buildings in…
A Tighter Fannie…For Condo Mortgages
“ stopped guaranteeing mortgages in condo buildings where fewer than 70% of the units have been sold, up from 51%. In addition, the company won’t back loans for sales in…
Local Housing Developer AF Evans Files For Bankruptcy Protection
In what’s likely not to be good news for the development of 55 Laguna (at the very least with regard to timing), Oakland based developer AF Evans has filed for…
The Market Might Not Like It, But We Do: Paulson Changes Rescue Plan
“U.S. Secretary Henry Paulson plans to use the second half of the $700 billion financial rescue program to help relieve pressures on consumer credit, scrapping an effort to buy devalued…