Wed07302014

News

"Brown is the new green," says local water district


Lina Broydo/Special to the Town Crier
Are downtown Los Altos flower pots getting too much water? The Santa Clara Valley Water District plans to hire “water cops” to discourage overwatering.

The Santa Clara Valley Water District is spending nearl...

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Schools

Foothill camps prepare local students for STEM careers

Foothill camps prepare local students for STEM careers


Photos Ellie Van Houtte/Town Crier
Middle school students make robotic hands using 3-D printers during a STEM Summer Camp at Foothill College.

From designing roller coasters to developing biodegradable plastics, high school students received an i...

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Community

Local entrepreneur opens home to Afghan and Rwandan women

Local entrepreneur opens home to Afghan and Rwandan women


Ellie Van Houtte/Town Crier
Businesswomen Joan Mazimhaka of Rwanda, third from left, and Fakhria Ibrahimi of Afghanistan, in orange, traveled to the U.S. with a 26-woman delegation through the Peace Through Business program.

Employees scoop ice ...

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Comment

Moving on: The Rockey Road

Just over a month ago, we decided to put our house on the market. My husband and I had been tossing around the idea of moving back to the area where we grew up, which is only approximately 40 minutes from here. Of course, Los Altos is a great place t...

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Business

Halo heads to Los Altos: Blow-dry bar founder opens new First Street location Monday

Halo heads to Los Altos: Blow-dry bar founder opens new First Street location Monday


ElLie Van Houtte/ Town Crier
Armed with blow dryers, Halo founder Rosemary Camposano, left, and store manager Nikki Thomas prepare for the blow-dry bar’s grand opening on First Street Monday.

A blow-dry bar is set to open downtown Monday, and i...

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Books

"Frozen in Time" chronicles harrowing WWII rescue attempts


Many readers can’t resist a true-life adventure story, especially those that shine a spotlight on people who exhibit supreme courage in the face of adversity and end up surviving – or not – against the odds.

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People

DR. ALFRED HUGHES

Long time Los Altos resident, Dr. Alfred Hughes, died May 1st after a long illness. Dr. Hughes was born in 1927 in Maspeth, NY. He served in the US Army from 1945-6, attended Brooklyn Polytechnic University, then graduated from Reed College in Portla...

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Travel

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway


Courtesy of Ritz-Carlton
The Ritz-Carlton in Lake Tahoe offers fall getaway packages that include spa treatments and yoga classes.

Fall in North Lake Tahoe boasts crisp mornings and opportunities to spend quality time in the mountains. Specially ...

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Stepping Out

'Wizard' winds down at Bus Barn

'Wizard' winds down at Bus Barn


Town Crier file photo
Local actors rehearse a scene from “The Wizard of Oz.”

Los Altos Youth Theatre and Los Altos Stage Company’s collaborative production of “The Wizard of Oz” is slated to close Sunday at Bus Barn Theater, 97 Hillview Ave.

T...

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Spiritual Life

Stanford University appoints new dean for religious life

Stanford University appoints new dean for religious life


Shaw

Stanford University named the Very Rev. Dr. Jane Shaw, dean of Grace Cathedral in San Francisco, its new dean for religious life.

Provost John Etchemendy announced Shaw’s appointment July 21, adding that she also will join the faculty in...

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Magazine

Festival features fun for everyone

Festival features fun for everyone


TOWN CRIER FILE PHOTO
The Los Altos Arts & Wine Festival boasts more than 375 craft and arts booths.

This weekend’s 35th annual Los Altos Arts & Wine Festival promises to be jam-packed with fun activities for just about everyone. The eve...

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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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