Tony and Crystal Davenport once thought homeownership was something that might occur after 10 years or so of marriage – if that.
Did you refrain from buying more house than you could afford? Did you resist the temptation to use your home as an ATM? Were you honest when listing your income on your mortgage loan application? Do you make all of your mortgage payments on time? If you answer 'yes" to those four questions you are about to become one big patsy. The federal government – in a bid to reengineer the housing market in a ...
Short sales were avoided like the plague just a year ago. Buyers and sellers alike were frustrated due to foot-dragging by banks. Often times an offer would be accepted months after it was made only to have the property appraise for less than the offer due to the rapidly changing market causing the deal to fall through. Now some Realtors are predicting short sales are the "next big thing." The reasons include: •More banks today ...
Has the Manteca housing market hit bottom at least under the $180,000 threshold? The best answer to that can be found by comparing rents and home sale prices. For all practical purposes any time homes can be bought for less per month using a 3.5 percent down, 30-year fixed FHA loan than a similar home rents for per month you're definitely in bottom territory. A week-by-week comparison of properties closing escrow since the first of ...
California Classics – a well-kept neighborhood built off East Louise Avenue east of Cottage Way – has homes now selling for a few thousand dollars over what they sold for new nearly 15 years ago.
Manteca is getting ready to wade into the cesspool known as protectionism. The City Council contends it is a good thing to give local vendors preference in the competitive bidding process. They will accomplish this by allowing a local bidder who comes in 5 percent or less above the lowest responsible bid to match that bid within 24 hours and they'd get the job. Local is defined as a company with a physical office – ...
Six months ago the "one-stop" permit center to process building plans for everything from a shopping center to home improvements was the Manteca City Council's pet project.
Over a third of Manteca's pending $11.3 budget deficit project for the fiscal year starting July 1 could be tracked back to businesses, builders, and individuals not being charged enough to cover the cost of various municipal services tailored to their specific needs ranging from processing building permits to the use of park facilities.
The days of chain stores spreading like wildfire across the American landscape are coming to an end.
Wall Street wants absolution for their financial transgressions. Detroit believes they're too big for repentance. Those who made personal financial decisions whether it was buying a home or going on a big toy spending spree while driven by at least several of the Seven Deadly Sins want monetary forgiveness.
Manteca since 2002 has used $13.8 million in one-time cash infusions – primarily from $12.2 million in bonus bucks – to cover gaps between expenditures from day-to-day city operations and revenue.
Frank Guinta knows what it is like growing up poor and not having the options that other kids may have.
Manteca's 385 municipal workers are agreeable to taking a 3.8 percent pay cut starting in July to help the city weather its approaching budget crisis.
Manteca – sometime later this year – is expected to seek bids to landscape the main entrance to the city at the recently completed Highway 99 and Yosemite Avenue interchange.
Many of Manteca's neighboring cities are laying off municipal workers as the ripple effect of the housing meltdown is sending property taxes plunging and curtailing consumer spending.
Sacramento made it clear to Manteca: Pay back a $1.7 million redevelopment agency loan now or risk having local sales and property taxes seized.
Editor's note: This is the second of a six-part series taking a look back at Manteca's first 95 years as an incorporated city. Voters approved incorporation on May 28, 1918.
God and country.
Everything from Ripon schools and roads to fire service will feel the impacts of the Austin Road Business Park - the largest development ever approved in Manteca.
Editor's note: This is the first of a six-part series taking a look back at Manteca's first 95 years as an incorporated city. Voters approved incorporation on May 28, 1918.
Lie to the federal government and you'd better get you affairs in order.
By DENNIS WYATT
Get ready for the invasion of the Barneys.
Nearly 100 acres of city-owned wastewater treatment plant land could end up as the premier family entertainment hub for the Northern San Joaquin Valley while tapping into the Bay Area market as well.
Manteca, Ripon and Lathrop could become more than just neighboring communities at least when it comes to wastewater.
A handful of kids are going to get a chance to think out of the box when it comes to perceptions about the homeless.
It was the white lie of the last decade.
Federal authorities are intentionally flooding low land along the Stanislaus River in a test to see whether it will help increase the chances of salmon fingerlings making it to the Delta.
Shame on you, Tim Cook.