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San Jose weighs bond to fight homelessness

by Leila Mortaz | Nov 6, 2015 | News, Real Estate (Residential)

SAN JOSE — The city of San Jose is about to launch a feasibility study about putting a $250,000 million housing and homelessness bond on the ballot next year. The far-reaching measure would be aimed directly at offering a range of help to public servants,...

Wells Fargo to pay $81.6M to homeowners in bankruptcy

by Leila Mortaz | Nov 6, 2015 | News, Real Estate (Residential)

It’s amazing how Department of Justice settles these violations!  Each family here gets $1,285  dollars for losing their homes to a foreclosure. What do you think? ********************************************** Wells Fargo Bank has agreed to pay $81.6 million to...

Alameda: City Council imposes moratorium on some rent increases

by Leila Mortaz | Nov 5, 2015 | News, Property Management, Real Estate (Residential)

Yesterday we praised the City of Richmond, California for avoiding the implementation of rent control.  Today, we have no choice but to raise concerns about City of Alameda sticking their nose where it does not belong.   These kind of measures are ineffective and...

Mortgage Denial Rates Down, Especially Among Black Borrowers

by Leila Mortaz | Nov 5, 2015 | Home Buyer Tips, Home Seller Tips, News, Real Estate (Residential)

SEATTLE, Nov. 5, 2015 /PRNewswire/ — The percentage of U.S. mortgage applicants getting approved has increasedi, especially among middle-income black and Hispanic loan applicants, indicating that easing mortgage restrictions are making it easier for more...

Richmond: Rent control ordinance formally repealed

by Leila Mortaz | Nov 4, 2015 | Home Buyer Tips, News, Property Management, Real Estate (Residential)

We have written in the past about the challenge that Rent Control that creates by keeping investors away.  Here’s some news about Richmond city officials deciding against Rent Control which we salute. *********************************** By Karina Ioffee...

Sound Off: How would a dip in the tech sector affect Bay Area real estate?

by Leila Mortaz | Oct 30, 2015 | News, Real Estate (Residential), Silicon Valley life style

We are hearing and seeing a lot of families who are nervous about the high cost of homes.  Some are selling and renting.  Is this a good time to sell and take some profits? ******************************************** Published 2:52 pm, Friday, October 30, 2015 A:...
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