Although 2011 began with a high inventory of foreclosures, Marin County foreclosures slowly declined in the second quarter and mortgage defaults also dropped, according to figures released this week by Bradley Real Estate. “This may be the point where we look back and say it’s starting to go in another direction,” Robert Bradley, president of [...]
June brought a minor boost for California’s housing market, but activity was still slower that a year prior, according to DataQuick. A total of 38,975 homes were sold in the state last month, which means 9.7% rise from 35,536 recorded in May. The nine-county Bay Area homebuyers purchased 7,998 new and resale condos in June, [...]
Sakamoto, former city manager of Hercules, said he brakes his relationship with the city and he is moving closer to his wife’s new workplace. As his home is worth no more the price he paid when it purchased, he sees short sale as the only alternative. Sakamoto’s two story property near Sycamore Avenue lays on [...]
Santa Clara County of the SF Bay Area is one example we can look into for the current activity level in the housing markets in and around San Francisco. California is retaining its fourth place consistently for the last several months in the top 10 list of states, heavily hit by the foreclosure crisis. But [...]
Housing markets in the 9-County SF Bay area are no exception to the prevailing gloom in real estate across the country. Foreclosure properties were flooding the markets as elsewhere for the last few years. Inventory of unsold homes was mounting, as reported month after month, until, of course reaching the peak towards the end of [...]
Short sales increase made this type of real estate transaction common, so this is part of the options list for a homebuyer. In fact, a report published by RealtyTrac revealed that short sales now represent almost one third of all residential sales in the country. In Tampa Bay, those numbers are likely to be higher, [...]
According to Morgan Stanley New York home prices rise and San Francisco values declined in May. The numbers show a 1.2 decline for San Francisco prices, while New York gained 0.8 percent in May, said Morgan Stanley in a report regarding homes that weren’t in foreclosure or involved in a short sale. However, short sales [...]
As we know, Default Notices are the first bell of alarm sounded by the lenders to their borrowers, staying behind mortgage repayments. The foreclosure laws of all States stipulate that a legal notice, appropriately worded and giving full details is to be first sent to the home loan borrower in case the monthly repayment commitment [...]
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 [...]
