Californian homes falling into foreclosure have started declining, moreover they managed to reach their four-year-low in Q2, as a result of a more stable housing market as well as policy changes in the mortgage industry, DataQuick reported. The numbers are the following: a total of 56,633 homeowners received notices of default during the April-to-June period, [...]
Foreclosure activity continued its decline in November in the Bay Area and at the national level in response to the robo-signing scandal that involved foreclosure court documents that unfurled in September.Although most of the lenders have now resumed their foreclosure activity, the holidays kept the foreclosure posting numbers low, so as it is expected the [...]
The number of foreclosed properties in the Bay Area repossessed by lenders declined 20% in October from September, as the region was affected by the foreclosure moratorium enacted in September by major lenders. However, this drop is only temporary, and now that most of these lenders have lifted the freeze, which was initiated over reports [...]
The Obama HAMP was created to help a couple of million troubled homeowners in the US. Well, there are around 5.5 million borrowers who are not current on their mortgage and nearly 10% is in the process of foreclosure or are more than three months delinquents and heading to foreclosure. This is what have been [...]
In the 9 county San Francisco Bay Area, the fluctuations recorded in the housing market are worth watching, since they are the indicators for both sellers and home buyers. While home sales are up, the participation of foreclosure properties in home sales shows a downward trend. The total home sales in March, in all the [...]
Short Sales is the way out for a borrower-home owner to get out of the foreclosure tragedy permanently – this is what outwardly believed by people caught in the foreclosure crisis. But in real life experience, a Short Sale is a tug-up war between the borrower and lender and sometimes including the second mortgage holders. [...]
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 [...]
On a perusal of the latest foreclosure and real estate statistics released for the month of March 2010, one cannot but come to the conclusion that the foreclosure activity continues to be high in the 9 county Bay Area. However there are encouraging points though. Home sales in the open market is continuing the below [...]
The foreclosure situation in the 9 county San Francisco Bay area is as worse as it is elsewhere. The distressed home owners are amazed. But there is a short-cut to come out of the melee with some dignity – instead of forfeiting their homes to full-fledged foreclosure and eviction. It is the “short-sale” route which [...]
WASHINGTON, DC — Fannie Mae (FNM/NYSE) today announced it is suspending all foreclosure sales and evictions of occupied properties through March 6 in anticipation of the Administration’s national foreclosure prevention and loan modification program.The company had previously put in place a suspension of foreclosure sales through January and had previously suspended all evictions through the [...]
