The roots of the problem of California foreclosures in California has a long and thoroughly undistinguished history that goes back to the mid-70s. With the passage by the U. S. Congress of the Community Reinvestment Act of 1977 (more familiarly known as the CRA) and the anti-property tax initiative known as Proposition 13 by state voters in 1978, all the ingredients for an eventual real estate crash in California were there. Read More >
Posts Tagged ‘California real property’
The Start Of The Increasing Rate Of California Foreclosures In California’s Housing Markets
Tuesday, March 9th, 2010What To Know About The Rate Of California Foreclosures Over The Long Run
Saturday, March 6th, 2010Coming to grips with rate of California foreclosures in California will be necessary for owners and investors of real estate in the state if it’s going to be able to emerge from the current recession and budget ills plaguing California. There are a number of different reasons for how California got to where it is today and there are no easy solutions, it needs to be said. Read More >