La Canada REMAX
Welcome to La Canada REMAX — your source online for La Canada CA real estate. Whether you’re buying, selling, or just want to browse the REMAX MLS listings, you’ll find something useful here. We’d love to tell you more in person about the homes and condos in La Canada. Save yourself time and [...]

H.R. 3221, the “Housing and Economic Recovery Act of 2008,” passed the House on July 23, 2008, by a vote of 272-152. On Saturday, July 26, 2008, the Senate passed the bill by a vote of 72-13. The President signed the bill on July 30, 2008. The bill includes the following [...]

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Alhambra  Starbucks is among the 88 California stores of the 600 company-owned stores gourmet coffee retailer Starbucks plans to close in a bid to boost its business and weed out unprofitable locations.
The Alhambra store is at 1 East Valley Blvd in Alhambra, CA
RELATED LINK: Full List of Closing Stores (PDF)
The company said closing dates would [...]

California ranked second, with one filing for every 192 households, 2.6 times the national average, and had 20,624 properties seized by banks. Arizona ranked third at one in 201 households, almost 2.5 times the national average, and had 4,297 bank seizures.
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60-Day Notice to Terminate Tenants
Effective July 8, 2008, a tenant or subtenant in possession of a rental housing unit that has been sold through foreclosure is generally entitled to a 60-day written notice to quit, not just 30 days. However, a borrower who remains on the property after foreclosure may be served a three-day [...]

Effective July 8, 2008, anyone who acquires property through foreclosure must maintain the exterior of vacant residential property. Violations of this law include permitting excessive foliage growth that diminishes the value of surrounding properties, failing to take action against trespassers or squatters, failing to take action to prevent mosquitoes from breeding in standing water, or other public nuisances. [...]

Investors With Cash Are Kings in Today’s Market
Some are calling this the best market for investors since real estate tanked in the early 1980s.
Investors, alone and in groups, are negotiating volume deals as they purchase whole subdivisions and bundles of 10 to 50 defaulted loans for pennies on the dollar.
“What we’re seeing today [...]