Our network

Real Estate

Community Business Bank Provides Significant Funding for Affordable Housing Renovation

Community Business Bank Provides Significant Funding for Affordable Housing Renovation

Community Business Bank announces that it has provided significant financing toward renovating the Olivewood Apartments, a 68-unit affordable housing project located at 2801-2811 La Quinta Drive in Sacramento County. The nearly 50-year-old complex will see renovations to exteriors and interiors, including new siding of the buildings, a modern façade, dual pane windows, bathrooms, kitchens and flooring.

The $10.3 million project is a joint venture between Pacific Development Group of Lodi and Alliance Property Group of Los Angeles, owners of Olivewood Apartments, with RDR Builders of Lodi as general contractors. Construction is in progress on the project’s first phase that once completed will also include a swimming pool and 1,750-square-foot community center that will be used to hold programs for residents of all ages.

Cool and beautify your home - naturally

Cool and beautify your home - naturally

Not only do trees beautify your home and neighborhood, they can help to dramatically reduce cooling costs during the hot summer months. Sacramento County residents are eligible for up to 10 free trees through the Sacramento Shade tree program, a partnership between Sacramento Tree Foundations and the Sacramento Municipal Utility District (SMUD). Businesses, parks and schools in the SMUD service area are also eligible for free SMUD shade trees.

Sacramento Shade customers can choose from over 30 deciduous trees (deciduous trees shed their leaves in the fall to allow the warm winter sun into your home).

Sacramento foreclosure auction nets $4.6M Sunday

Sacramento foreclosure auction nets $4.6M Sunday

SACRAMENTO - Sacramento area homebuyers Sunday spent $4.6 million on new local area foreclosures as Auction.com auctioned 81 new bank-owned properties at the Radisson Hotel. Fifty-four of the foreclosures were sold.

The auction was the finale of a two-day Northern California auction series that started Saturday in Oakland.

42.8 percent of residential properties with a mortgage underwater in Sacramento area

42.8 percent of residential properties with a mortgage underwater in Sacramento area

SANTA ANA, Calif., March 8, 2011— CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released negative equity data showing that 11.1 million, or 23.1 percent, of all residential properties with a mortgage were in negative equity at the end of the fourth quarter of 2010, up from 10.8 million, or 22.5 percent, in the third quarter. The small increase reflects the price declines that occurred during the fourth quarter and led to lower values. An additional 2.4 million borrowers had less than five percent equity, referred to as near-negative equity, in the fourth quarter. Together, negative equity and near-negative equity mortgages accounted for 27.9 percent of all residential properties with a mortgage nationwide.

Negative equity, often referred to as "underwater" or "upside down," means that borrowers owe more on their mortgages than their homes are worth.

Free real estate mobile app launched

Cheri Elliott, one of America’s most legendary cyclist and locally well known as “The Broker on a Bike,” announced the launch of her free real estate mobile app.

The app uses GPS, when available, to locate the user and instantly display real estate listings in the immediate area. No more having to pull flyers.  You can see and save all the listings details and photos on the spot. Users can also search by address, city or zip code to see property details for all homes for sale in a specified area, including price, square footage, estimated mortgage, taxes, features, maps, pictures and more. The “Refine Search” feature lets users select a price range, property type and the number of beds and baths to help them find just what they’re looking for. 

It works on standard cell phones, smartphones, and iPhones/iPads across all mobile carriers.   Cheri explains, “This tool is extremely powerful.