With such a great yet sometimes checkered history, Bank of America has experienced many problems. Starting as far back as in 1904 in Los Angeles when Amadeo Giannini first founded the then named Bank of Italy, offering a service to immigrants who were unwelcome by other banking establishments. In the most recent years, after having [...]

In recent times, Bank of America has been in the lime light for all the wrong reasons. Dating back to 1904, this institution had many rough patches and a somewhat checkered history. Yet, it remains the largest bank in the United States with branches in more than 150 countries. It is the fifth largest company [...]

Contrary to all hopes California is reeling under renewed foreclosure onslaught. During the second quarter of 2008 lenders launched foreclosure attacks on a record number of house owners in California. Simultaneously real estate markets have plunged to all time low levels. There were 121,341 NOD’s or notices of default – the first step in the [...]

The hunting instinct has not gone out of vogue – is very much there with outward cosmetic changes. Today busloads of hunters are on a foreclosure safari – trying to target sitting ducks. It is a common scene now – also in Prince William County. Real estate companies chartered a bus carrying 25 prospective buyers [...]

It seemed as if a big party on. Cars rolled in on a foggy Sunday April morning in downtown Riverside. Men in tuxedos guided the traffic. Now that was unusual! People shopping for real estate bargains tumbled out in dockers, sandals and shorts. Don’t let the casual dress code divert your attention. These were all [...]

Bankers are watching and waiting with uncertainty the snowballing effect of the sub-prime tsunami crisis. Even though April provided a breather by a dip of 1% in foreclosure listing, it was still up by 62% compared to last year. Even then it will be far above the average of last year. Statistics pouring in show [...]