San Francisco Planning Commission Green Lights Schlage Demo
“The City’s old Schlage Lock factory, closed in 1999 and left derelict since then, will finally meet the proverbial wrecking ball, perhaps as soon as February, according to city officials.…
JustQuotes: Just Because It’s Foreclosed Upon Is Not Just Cause
“Tenants in rent-controlled buildings in San Francisco are protected by the need for a ‘just cause’ for eviction,” said Darlene Wolf, executive director of the rent board. “And foreclosure is…
JustQuotes: Let’s See, Ten Percent Versus No Rent Control…
“Consultants presenting information at workshop said that under state law, landlords are allowed to pass on 10 percent of a tenant’s rent in perpetuity to pay for the cost of…
Assuming They Can And Will Pay, Ignoring The Collateral If They Don’t
“Fannie Mae and Freddie Mac, the mortgage-finance companies seized by the U.S. government, are considering waiving a requirement for new appraisals on refinanced loans, their regulator said.” ∙ Fannie, Freddie…
JustQuotes: Why Simply Reducing Rates Won’t Cure The Market’s Ills
“Almost 53 percent of borrowers whose loans were modified in the first quarter of this year re-defaulted by being more than 30 days overdue…” ∙ Majority of Modified Loans Fail…
Bernanke Goes From Bad To Worse And Wants Your Dollars To Follow
“Federal Reserve Chairman Ben S. Bernanke urged using more taxpayer funds for new efforts to prevent home foreclosures, saying the private sector is incapable of coping with the crisis on…
JustQuotes: Another “Immune” Market Has Caught A Nasty Cold
““With all this oil money in the region, I thought the Dubai property market would be secure from the global problems,” the 30-year-old Bentley owner said, reached on his mobile…
JustQuotes: And Housing? Uhh…No.
“What we’ve seen since mid to late September is that business activity has shut down, along with the consumer,” Stephen Gallagher, chief economist at Societe Generale in New York, said…
JustQuotes: And We’ll Add Agents And Investors
“This is San Francisco’s newest frontier: the east edge of Mission Bay, a redevelopment district that has advanced in fits and starts for 20 years. The gap-toothed topography doesn’t signal…
JustQuotes: A Short Sale Narrative That Sounds Awfully Familiar
“Here’s the common narrative: A home goes on the market as a short sale – priced at less than is owed on the mortgage, so the lender must approve any…