The recent survey conducted by Trulia.com and Realtytrac among home buyers and renters to assess the sentiments in their minds, about home buying from the foreclosure pool, revealed that with the changed timings, there is slightly less enthusiasm – coming down from 55 percent in 2009 to 45 percent currently. Despite this, the selling and [...]
Requesting for a break in Property Tax payment is another way of delaying the inevitable, resorted to by the troubled home owners in the foreclosure environment. Property Tax is levied on the assessed value of the concerned property. Arising out of the down-turn economy and consequent housing bubble, home owners in San Francisco and elsewhere [...]
Bargain priced foreclosure homes are being snapped up from lending banks, who consider them non-performing assets, to be disposed off quickly. This trend is reported from various housing markets and market watchers are of the opinion that signs of rebound on home sales are appearing. Realtytrac and Trulia conducted a latest Survey in May 2010, [...]
The foreclosure epidemic is wrecking havoc on US housing markets, especially California where the San Francisco Bay Area of 9 counties is located. Tens of thousands residential properties are foreclosed; deserted; walked-away from and are lying uncared for, bringing a shame for the country. Apart from this, there is another woe– reduction in property tax [...]
On the one hand the increase in unemployment rate is pushing foreclosure crisis into deeper trouble, experts say, and pressurizing government to announce foreclosure mitigation programs and on the other the budget cuts in Bay Area counties cause the reduction of staff strength and increasing unemployment. This maze-like situation is brought to light by the [...]
Foreclosure Radar, a Discovery Bay company, reports that foreclosure filings have come down by 30 percent in April, compared to same time last year and this is a strong sign that the housing bubble is easing up, if not altogether vanished. The foreclosure activity for California as a whole is showing a decline by 41 [...]
The Veteran Affairs Department takes possession of the properties defaulted by debtors who purchased residential properties with VA secured loans, after paying the mortgage lenders their balance in full. These VA foreclosure homes are considered best opportunities by investors since the discounts available on these foreclosed homes are considerable – from 10 to 50 percent [...]
There is yet another proof that the foreclosure mitigation plans of the government have had little effect – the foreclosure activity report for March in Santa Clara County of the Bay Area, records a 72 percent jump from last year. The federal government released last year, The Home Affordable Mortgage Program (HAMP), with the advertised [...]
The declining trend of foreclosure filings in the State, compared to last year, is reflected in the 9 county SF Bay Area as well. Home prices soared while the number of pre-foreclosures slowed. According to latest statistics on foreclosure activity in California State, for the first 3 months of 2010, the number of default notices [...]
The foreclosure report pertaining to the 9 County Bay Area during the quarter ending March 2010 shows that fewer home owners suffered official foreclosures, compared to the previous quarter and a year ago. The foreclosure trouble is continuing at the more or less same levels in lower and moderate priced neighborhood properties, but there is [...]
