Marin County foreclosures dropped 25% in the fourth quarter of 2011, compared to a year prior. The numbers made public by DataQuick tracking firm from San Diego show that during the 98 day period 96 Marin County properties were foreclosed on, 33 properties less than the 129 recorded in the fourth quarter of 2010. Other [...]
October brought thousands of delinquency notes in the Bay Area, as lenders found their way through a backlog of distressed mortgages that began building a year ago, at least according to RealtyTrac’s latest report. “We are definitely seeing signs that lenders are ramping back up,” said Daren Blomquist, of RealtyTrac. “Delinquency notices are sent to [...]
Napa County recorded 263 notices of default the third quarter, compared to 222 in the same period the year prior, according to DataQuick’s recent report. The 18.5% jump makes the highest percentage increase in the nine Bay Area counties. On the other side, the number of Napa County homes or condos completing foreclosure dropped 13%, from 131 [...]
Silicon Valley has recorded a significant increase in home foreclosure postings in July to August, a sign that banks resume their foreclosure proceedings. However, this will be confirmed if the upcoming monthly statistics will show the same trend in foreclosures. In Santa Clara County, 742 homeowners received a notice of default, a 25% rise from [...]
The case of Jack and Donna Pfister pictures what is happening these days in the Bay Area housing market. The couple got good news about their bid topping all others on a foreclosure in Vacaville, so they started making preparations for moving in. But several days after the good news, the were told the bank [...]
One of the priciest foreclosures in the country is located in Laguna Beach and it is available for an astonishing price of $18 million. This includes a nearly $2 million discount, and it is located at 31401 Mar Vista Avenue. The luxury real estate has 4 bedrooms, 4 bathrooms, 11,333 square-feet of living space and [...]
A 82-unit condominium complex has defaulted on its $35 million loan, which means that a possible foreclosure is at the horizon. In addition to the bank’s lawsuit, another 19 subcontractors who worked on the property have filed complaints against San Rafael-based Monahan Pacific Corp., the project’s developer. These subcontractors demand $2.8 million in unpaid fees. [...]
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, [...]
If you are looking for that specific zone that received three times more foreclosure notices than the whole US, Sacramento is the one. At least according to a mid-year report from RealtyTrac, released Thursday. More than 2.5% of households in the Sacramento region received a foreclosure filing in the first half of this year. That [...]
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 [...]
