A perusal of the market updates published in real estate-related sites, as well as trusted sources of financial market like the Wall Street Journal, shows the home prices in some of the major cities of the 9-county San Francisco Bay Area have gone up steadily, with uneven rebound in prices though. There are instances of [...]
Fluctuations in the rate of unemployment causes a flutter in the number of delinquencies in a region – experts say. That follows any reduction in unemployment rate is a welcome news to the real estate sector and ultimately to foreclosure reduction. Santa Clara County, it is reported, posted its lowest unemployment rate during May, but [...]
The incentive for home buyers – first time buyers and repeat buyers – by way of tax credit has expired on 30th April. The federal government tried hard by the foreclosure mitigation programs one by one, to help the housing market recover. The success or failure of these programs has been a point for debate, [...]
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 [...]
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 [...]
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 [...]
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 [...]
