Wed09022015

News

West Nile fogging commences today

The detection of West Nile Virus-infected mosquitos means that Santa Clara County officials will begin mosquito fogging operations today in parts of Los Altos, Los Altos Hills, Mountain View and San Jose.

Weather permitting, Santa Clara County Vecto...

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Schools

LASD trustees reopen negotiations with Los Altos Teachers Association

The Los Altos School District Board of Trustees last week directed staff to reopen negotiations with the Los Altos Teachers Association, a move intended to shore up the district’s financial picture.

According to the district’s current co...

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Community

LA teenager crowned Miss Golden State, advances to national pageant in Florida

LA teenager crowned Miss Golden State, advances to national pageant in Florida


Alicia Castro/Town Crier
Alexandra McCarthy, crowned Miss Golden State Teen in July, earned “Ms. Personality” honors from her peers.

Alexandra McCarthy has a ways to go before reaching her coveted role as a U.S. Supreme Court justice. Bu...

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Sports

After rough year, Eagles aim to soar once more

After rough year, Eagles aim to soar once more


Megan V. Winslow/Town Crier
Los Altos High senior running back Patrick Vargas snares a pass in practice last week.

Don’t dismiss the Eagles. Coach Trevor Pruitt is adamant that his Los Altos High football team will be better than expected.

&#...

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Comment

Car spotting 2015: A Piece of My Mind

When I was a kid, September was exciting, almost like Christmas, because that was when the Big Three automakers would reveal the new models for the upcoming year.

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Special Sections

Loving on the Edge

Loving on the Edge


Courtesy of Ford
The Ford Edge has been redesigned for 2015. Ford lengthened the wheel base and added cargo space, among other things. The Titanium model sells for approximately $42,000.

Once in a while, a vehicle we test-drive is just right for our...

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Business

Wine bar aims for October opening

Wine bar aims for October opening


Rendering courtesy of Honcho
Honcho, the wine and beer lounge on First Street, expects an October launch. A rendering of the space reveals the interior layout, which includes bar and lounge-style seating.

A downtown libations lounge that anticip...

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People

LOIS CAROLINE WALLES

LOIS CAROLINE WALLES

November, 1928

Lois lost a long and courageous battle with a prolonged illness on July 14th, 2015. She passed away knowing how well she was loved. She was always the life of the party and loved bringing everyone to her home for dinner or an event,...

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Travel

Carmel Valley Ranch unveils upgrades

Carmel Valley Ranch unveils upgrades


Courtesy of Carmel Valley Ranch
Carmel Valley Ranch recently upgraded its Vineyard Oak suites, which feature sweeping views, rocking chairs and private outdoor tubs for soaking under the stars.

Things are heating up at Carmel Valley Ranch, with 30 n...

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Stepping Out

'Dead Man' comes alive at Bus Barn

'Dead Man' comes alive at Bus Barn


Richard Mayer/Special to the Town Crier
The cast of Los Altos Stage Company’s “Dead Man’s Cell Phone” includes, from left, Marjorie Hazeltine (as Hermia), Kristin Walter (Jean) and Adrienne Walters (Carlotta).

Los Altos Stage Company opens its ...

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Spiritual Life

Inside Mountain View

MV actress/playwright Garvin wins NY festival award for

MV actress/playwright Garvin wins NY festival award for "Corners Grove"


Courtesy of Undiscovered Countries
Kaela Mei-Shing Garvin received a New York arts festival award for a featured role in “Corners Grove,” a play she wrote.

New York recognized that one of Mountain View’s own can “make it there” when the Planet C...

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Default notices and foreclosures down in Santa Clara County

Photo Town Crier File Photo Notices of default in Santa Clara County for the third quarter totaled 2,244, a 44.4 percent decrease from the same quarter last year.

 

Lenders sent out fewer default notices to Santa Clara County homeowners during the third quarter this year compared to the same period last year. Moreover, banks foreclosed on fewer houses and condominiums compared to the third quarter of 2009, according to MDA DataQuick.

The real estate information service reported a total of 2,244 default notices recorded in the county July through September. This number was down 44.4 percent from the third quarter of 2009, when 4,035 notices were recorded. Among the counties in the Bay Area, Santa Clara had the largest drop in notices of default.

Foreclosures in the county also fell from the same time last year. Trustees deeds recorded totaled 1,036 during the third quarter, down 16.2 percent from 1,237 in the third quarter of 2009.

Statewide, a total of 83,261 notices of default were recorded during the 2010 third quarter, up 18.9 percent from 70,051 in the prior quarter, but down 25.5 percent from 111,689 in the third quarter of 2009, according to DataQuick. Foreclosures peaked at 9,511 in the third quarter of 2008.

The report indicates that California’s high-end markets collectively saw mortgage defaults buck the marketwide trend and drop slightly quarter to quarter. The number fell slightly more on a year-over-year basis compared with the overall market. The concentration of defaults remains much higher in the less expensive areas.

“It’s anyone’s guess how the numbers will play out at year end,” said Jeff Bell, president of the Silicon Valley Association of Realtors. “Many lenders aren’t keen on loan modifications, yet some have temporarily frozen or partially suspended foreclosures, so uncertainty continues and a full market recovery stalled.”

Foreclosure resales accounted for 35.5 percent of all California resale activity last quarter, down from a revised 35.8 percent the prior quarter, and down from 42.7 percent a year ago. The DataQuick report states that on primary mortgages, California homeowners were a median five months behind on their payments when the lender filed the notice of default. The borrowers owed a median $15,156 in back payments on a median $310,000 mortgage.

The Silicon Valley Association of Realtors provided information for this article.

For more information, e-mail Rose Meily at This email address is being protected from spambots. You need JavaScript enabled to view it. .

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