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Buyers Find Pre-Foreclosure Homes Rising As Delinquency Rates Sur
Buyers find pre-foreclosure homes to have risen in some areas of the U.S. in the 2010 third quarter. Meanwhile, delinquency rates among borrowers who are less than two months behind in payments rose. A report by...Incomplete Short Sale Foreclosures Hinder Market Recovery
Realtors in California stated that incomplete short sale foreclosures are partly to blame for the housing market's slow recovery. Around 40% of short sales in the area do not reach closing stages. "Although existing housing unit sales improved in California in November 2010,...Sacramento Foreclosures Threatening Railyards Project
A railyards project is facing foreclosure, showing that Sacramento foreclosures are not exclusive to residential properties anymore. The project is by developer Thomas Enterprises. " Sacramento foreclosures...New Statistical Report on the California Foreclosure Market
A new report from Foreclosure Deals covers valuable statistics on the foreclosure market for investors to use. In the California foreclosure investment game, knowledge and information is often your best weapon for...California Foreclosures Made up 38 Percent of Home Resales
Sales of California foreclosures accounted for 38 percent of all home resales in April. A total of 37,481 pre-owned housing units and new homes were sold in April, an increase of 0.5 percent from March total sales....Resales of California Foreclosures Accounted for 43 Percent
Resales of California foreclosures accounted for nearly 43 percent of total house sales in the state in the first quarter, an increase from 40.6 percent in the prior quarter. " Resales of California foreclosures...San Francisco Foreclosure Homes Drove Sales amid High Prices
San Francisco foreclosure homes have been driving house sales in the area, but sale prices are still relatively high and the home affordability level is still low. The current median sales price in the area is...Bakersfield Foreclosures Largely Caused by Overbuilding
The record pace of Bakersfield foreclosures was largely caused by overbuilding which pushed home prices to bottom levels. In 2009, a total of 19,174 homes were put into the foreclosure process, representing 7.1...Merced Foreclosures, Job Losses Soared, Yet Snubbed by HUD
Merced foreclosures and job losses soared in 2009, but the HUD did not give Merced County any money from its second NSP funding round. Merced posted the highest rate of foreclosure rate in California in 2009. "...
More Foreclosed Homes Expected in California Suburbs
A second wave of foreclosed homes is expected in the suburbs of California's Riverside County because of job losses and other homeowner difficulties."More foreclosed homes are expected to flood the housing market in the suburbs of California’s Riverside County, according to... California Law to Avoid Foreclosure Properties
The Home Equity Sales Contract Act (HESCA) under the California Civil Code 1695 was enacted to protect homeowners who have been subject to foreclosure properties due to fraud, unfair dealing and deception. " The California Legislature has enacted the Home Equity Sales... Foreclosed Homes Create Homelessness in California
The increasing number of foreclosed homes in California has forced many homeless families to seek emergency refuge over the winter."The flood of homes to foreclosure has left hundreds of families in California homeless and in despair. Most of these homeless families were... Investment Shortage, Foreclosures Threaten California Affordab...
The building of affordable housing for people with low income in San Diego County are affected by the increase in California foreclosures and lack of tax credit investments."A long list of low-income families, including owners of foreclosed homes, has been waiting for...California County Qualifies to Receive $3.8 Million Housing Grant
The county of Ventura and its cities have qualified to receive 3.8 million grants to help homeowners and communities in the area who were affected by the housing market crisis."The grant, scheduled to be finalized in 2009, comes from the $4 billion emergency funds that were...Over 18,000 Foreclosed Homes Sold in Sacramento
As California foreclosures continue to rise, the inventory of unsold foreclosed homes has increased to more than 5,000 units as of October 20."Nevertheless, the sales rate for repossessed houses in the state has jumped much higher compared to 2007. Of the entire 23, 572...Top Members Today
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