The Wall Street Journal recently reported on the effect the sub-prime crisis is having on many community associations. While the crisis is not a problem in some areas of the country, in California it is a affecting many associations budgets, as many boards did not anticipate or address the potential…
To foreclose or not foreclose, that seems to be the question that many association board members and managers are asking themselves these days. There is no question that the sub-prime meltdown/crisis has increased the number of delinquent homeowners. Data Quick Information Services reports that in the first three months of…
Calaveras Enterprise – April 13, 2005 Copperopolis couple get their house back By Vanessa Turner Tom and Anita Radcliff got the deed to their house back and the Copper Cove couple is ready to get on with their lives. The Radcliffs get to keep their home and have received money…
BILL BANNING FORECLOSURES ON SMALL DEBTS ADVANCES By JIM WASSERMAN Associated Press SACRAMENTO – A bill proposing to ban home foreclosures as a tool to collect small debts in private communities easily cleared a key Senate hurdle Tuesday, beginning a journey that could eventually collide with the veto pen of…
California Senator Denise Moreno Ducheny (who represents parts of San Diego and Riverside Counties and all of Imperial County) recently unveiled a proposal, similar to one she offered last year, the veru same one that was vetoed by the Governor as being overly broad, claiming that it is “aimed at…