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Earlier this month, the 20-member California Coastal Commission voted unanimously to grant the City and County of San Francisco a coastal development permit for work at Sharps Park Golf Course including pump house infrastructure improvements and dredging a new frog pond south of the course.

A controversial plan to use a municipality's eminent domain powers to seize properties in defaulthas suffered a severe setback with FHA, Ginnie Mae, and HUD now having no funds to insure, securitize, or establish a federal guarantee of any mortgage or mortgage backed security that refinances or replaces a mortgage that was subject to eminent domain condemnation or seizure.

The San Francisco Association of REALTORS® (SFAR) filed a lawsuit challenging the recent change in the amount of tenant relocation fees as authorized by the San Francisco Board of Supervisors.

San Francisco's Board of Supervisors will be voting on entry into a Joint Powers Authority agreement with Richmond (CA) for the purpose of using the City's power of eminent domain to seize underwater mortgages. State and National Mortgage Bankers Associations sent letters in opposition. SAMCAR continues to monitor the matter.

SB 1439 (Ellis Act Reform) must pass out of two Assembly committees prior to the end of June or the bill will die.

In a recent proposal from San Francisco, if you buy a distressed property, fix it up and sell it (not all that uncommon), you could get slapped with a tax for making a profit.

Senate Bill 1439 -- Ellis Act Reform -- passed the state senate, with potentially significant impact to property owners and landlords in San Francisco.