first_imgReal Estate Corner Sales of Bank-Owned Homes Decline as Market Begins to Stabilize By CYNTHIA TILLEMAN Published on Friday, October 25, 2013 | 2:13 pm Business News Your email address will not be published. Required fields are marked * Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Top of the News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday At the beginning of 2009 roughly 60 percent of closings in California were repossessed homes. Now repossessions represent only about five percent of total sales. Sales of bank-owned homes made up a majority of California home sales during the last four years, but now represent only a small percentage of sales in the state.In 2013 the median price of a single-family home averages $408,600 in California. If the trend continues the projected price is expected to rise six percent bringing the new median to $432,800 in 2014. A modest rate of appreciation can be interpreted as one sign that the state’s housing market is beginning to rebalance itself.This trend can be attributed to numerous factors in the market place. The most obvious reasons are owners and banks finding alternatives to foreclosure and the impact of the state’s new Homeowners Bill of Rights. The trend includes the Los Angeles and Southern California markets.The Homeowners Bill of Rights is a package of laws including several provisions to prevent or delay foreclosures, including a ban on dual tracking activities. Dual tracking activities occur when banks work on a homeowner’s loan modification request while simultaneously processing a foreclosure.These laws resulted in a sharp decrease in foreclosure activity. This year home prices have appreciated rapidly and in August, the California median home price was $441,330. This is 28 percent higher than prices from 2012. This figure also signified the highest price recorded since December 2007.So, what do you think? Are we heading into a stabilized market?You can contact Cynthia Tilleman for more information via email at [email protected] Tilleman, Realtor897 Granite Drive, Pasadena CA 91001(626) 825-0161 / (626) 639-1676Follow us on Twitter.com/cynthiaskornerwww.pasadenahomesbycynthia.com 2 recommended0 commentsShareShareTweetSharePin it Subscribe Name (required)  Mail (required) (not be published)  Website  faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimescenter_img Make a comment Herbeauty9 Of The Best Metabolism-Boosting Foods For Weight LossHerbeautyHerbeautyHerbeauty9 Hollywood Divas Who Fell In Love With WomenHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeauty More Cool Stuff Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Community News Community News First Heatwave Expected Next Week last_img read more

first_imgWilfred Bischoff, 82 years old, of St. Leon, passed away Wednesday, May 27 shortly after his wife Bettykissed him and told him that she loved him. Wilfred married his sweetheart, Betty, who coincidentallyhad the same last name as him. Married on June 17, 1961, Wilfred and Betty were married just shy of 59years. Wilfred was born and raised in St. Leon and was well liked by everyone he knew. He worked over35 years at Seagrams in production. Wilfred was fun to be around and loved spending time with family.He had a certain cackle about him that made everyone smile, his laugh was contagious. He loved to playcards including euchre, 500, and poker, often playing cards in family tournaments. Wilfred was alwayscomplimentary, making everyone feel special after a conversation with him. Many will rememberWilfred for running the ham stand for years at the St. Leon Fireman’s Festival. He was an avid sports fanand he and his brother-in-law, Bob, had season tickets to the Reds and the Bengals for many years.Growing up, Wilfred played basketball for Sunman High School and was named All County. He was ahard worker and enjoyed working on the farm. Wilfred was a lifelong member of St. Joseph’s Church, AllSaints Parish, the North Dearborn Conservation Club, Sons of American Legion, St. Leon Pole Raising,and the St. Leon Potato Club.Wilfred will be greatly missed by his wife, Betty, his brother-in-law Bob (Ardis) Bischoff, sisters-in-law,Doris Bischoff, Ruth Bischoff, Phyllis Bischoff, Phyllis Bischoff, Linda Dunn, and many nieces andnephews. He is preceded in death by his parents Joseph and Lena (Hoffman) Bischoff, brothersLeroy, Francis, Ernest, Alfred; sisters Angela Wilhelm and Dorothy, and brother-in-law Ronald Bischoff.Visitation for Wilfred will be on Tuesday, June 2 from 1:00 – 3:00pm at Andres-Wuestefeld FuneralHome. Mass of Christian Burial will be at St. Joseph’s Church at 3:30pm, immediately followed by burialat St. Joseph’s Cemetery. Memorials can be made to Masses or family wishes. Please visitwww.andreswuestefeldfh.com to leave online condolences.To keep everyone safe and healthy, and to comply with Indiana’s COVID-19 guidelines, a maximum of100 people will be allowed in the funeral home at one time. Funeral home staff will be assisting with thisso that everyone has a chance to pay their respects in a safe and reverent manner. We would appreciateif visitors would wear masks to visitation and/or mass. In addition, only 100 people will be able to attendthe funeral mass. People wishing to only attend the graveside service can do so by practicing social distancing or by remaining in their car. Unfortunately, due to statewide guidelines the church will be unable to offer a meal after the graveside service.last_img read more