A large portion of property owners in Contra Costa County remain underwater, making payments on mortgages higher than the value of the home, even though overall home prices in the San Francisco Bay Area are climbing upward once again.
California should receive at least $20.6 billion from a settlement with the nation’s major mortgage lenders, the largest share of any state and about $2 billion more than expected when the agreement to assist homeowners was announced last year, according to a report released Thursday.
Pacific Gas and Electric, owner of the Diablo Canyon nuclear power plant near Morrow Bay, plans to map the underwater fault lines to determine their risk to the plant, but environmentalists claim that could kill countless fish.
A luxury condominium in Downtown San Jose belonging to retired Santa Clara County superintendent Dr. Charles Weis is at the center of a debate that could cost taxpayers.
HARP 2.0, a more liberal version of the original Home Affordable Refinance Program, was unveiled in 2011. The new program started picking up steam just a few months ago, according to Rick Harper of the Consumer Credit Counseling Service.
Underwater California homeowners may soon get some relief. The state-run program Keep Your Home California is changing its rules in effort to help homeowners qualify for a principal reduction of up to $100,000.
The Santa Clara County Sheriff’s department is reviewing sonar images taken from local reservoirs as the search continues for a missing Morgan Hill teen.
Port Director Lisa Ekers revised her estimate to $22.5 million in tsunami-related damage to Santa Cruz Harbor, up from $17 million.
A California official on Monday estimated that statewide damage from last week’s tsunami triggered by a massive offshore earthquake near Japan exceeds $40 million.