San Diego City Attorney Wants City To Be Foreclosure Sanctuary

"San Diego City Attorney Wants City To Be Foreclosure Sanctuary"San Diego City Attorney Michael Aguirre, today, filed a lawsuit against Bank of America Corp and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in his city, which he wants to...

San Diego Home Foreclosures Up 180% In One Year

DataQuick Information Systems of La Jolla reported yesterday home foreclosures were up 18 percent over May and a 180 percent increase over June 2007. New June notices of default dropped just  2% percent from May, but they were still up 93 percent from a year ago.

Midwest Air cuts service to 11 cities

Rising fuel costs have forced Midwest Air to reduce air service considerably. The airline had served 47 cities in January, and is now down to 32, grounding a third of its fleet."The Midwest Air Group will cut daily...

Henriette and 11 Earthquakes in Baja, missing Japanese Scientist found dead.

Last night as inhabitants of the city of La Paz were waiting for hurricane Henriette to pass by, another  small quake was felt. It's an amazing  omission how national news have barely...

ICE mounts outdoor ad campaign to raise awareness about human trafficking

" "Hidden in plain sight" is theme of displays in San Diego and six other U.S. cities SAN DIEGO - As part of it's ongoing effort to raise public awareness about the plight of human trafficking victims in the United...

Reworked Subprime Loan Deadbeats … 40% End Up Defaulting

Moody’s Investors Service: More than two of every five subprime borrowers whose mortgages were reworked in H1’07 are defaulting anyway. Among subprime adjustable-rate mortgages modified in H1’07, 42% were at least 90 days late on March 31.

"Unstoppable" Disease Threatens California Citrus

An enemy is at the gates... border agents are seeking out psyllids, tiny bugs which cary a devastating plant disease. These bugs are threatening California's citrus groves, which are vital to the state's economy. So...

San Diego Real Estate … The Coming Next Wave of Foreclosures

Next,  it's NOT going to be Sub-prime loans, but ARM's that will spike up home foreclosures.Many Option ARM home loans are going to reset in 2009 - 2011. This will be the next wave of foreclosures. These loans...

Del Mar Race Track heads to the starting gate

Del Mar Race Track heads to the starting gateDEL MAR ---- There was a sense of calm surrounding the Del Mar Race Track on Tuesday.That aura will be decidedly different Wednesday.The 69th thoroughbred meeting will get...

Real Estate - Jim Rogers says Fannie and Freddie are a ‘disaster’

"The U.S. Treasury Department's plan to shore up Fannie Mae and Freddie Mac is an “unmitigated disaster'' and the largest U.S. mortgage lenders are “basically insolvent,'' according to investor Jim Rogers.

Latinos want hopefuls to address core issues

"Reforming the nation's health care system will be the topic of a town-hall meeting Sunday afternoon, with representatives from the McCain and Obama campaigns participating. “There is something very wrong out there in the system when you have Latinos not only working one...

Tijuana Gas Prices $2 lower than in U.S

Gas prices do not represent another serious problem to the economy of mexican working class in northen states, but our tomatoe trucks have been stopped at the border because of the salmonella outbreak. Tomatoes from...

Fed to issue new rules to stop shady home-lending practices

The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.   Sounds like closing the barn doors after the...

Real Estate - Pending Home Sales in May - Third-Lowest on Record

The National Association of Realtors just reported that pending sales for existing homes fell 4.7% in May 2008. This marks the third lowest reading on record in May. Home sales are considered pending when the seller...

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