In Downtown Los Angeles, at least eight residential projects and one hotel have fallen into bankruptcy. Some of those projects, along with others in the area, have also faced foreclosure — an equally complex process with just as many possible endings. via Los Angeles Downtown News and Information – LA Downtown News Online > NewsContinue reading “What Happens When Banks Foreclose on Commercial Properties?”
Tag Archives: California
The Growing Underclass: Jobs Gone Forever – Economix Blog – NYTimes.com
As a recent Congressional Budget Office report put it, “Recessions often accelerate the demise or shrinkage of less efficient and less profitable firms, especially those in declining industries and sectors.” via The Growing Underclass: Jobs Gone Forever – Economix Blog – NYTimes.com.
3.5-mile-long train has state officials worried | train, trains, long – News – The Orange County Register
Officials at the California Public Utilities Commission have expressed concerns regarding 3.5-mile-long freight train that Union Pacific sent cross-country and arrived in Southern California over the weekend. “Our safety concerns with the train in question include that there is adequate braking capacity for a train that size, that the track structure could handle the forcesContinue reading “3.5-mile-long train has state officials worried | train, trains, long – News – The Orange County Register”
California Housing Market Forecasting Errors. Making Million Dollar Mistakes and Predicting the Future. 12 Percent of Mortgages with Balances Higher than 1 Million Dollars are now 90 days late. » Dr. Housing Bubble Blog
California Housing Market Forecasting Errors. Making Million Dollar Mistakes and Predicting the Future. 12 Percent of Mortgages with Balances Higher than 1 Million Dollars are now 90 days late. » Dr. Housing Bubble Blog.
Calculated Risk: Bank Failure #140: First Federal Bank of California, Santa Monica, California
Calculated Risk: Bank Failure #140: First Federal Bank of California, Santa Monica, California. FDIC posted this message on the First Federal website: On Friday, December 18, 2009, First Federal Bank of California, a Federal Savings Bank (First Federal Bank of California), Santa Monica, CA was closed by the Office of Thrift Supervision. Subsequently, the FederalContinue reading “Calculated Risk: Bank Failure #140: First Federal Bank of California, Santa Monica, California”
QuantumTom 