Short sale experts reveal knowledge behind the industry via Short sale experts reveal knowledge behind the industry | HousingWire. Interesting comment in the article that the West Coast is in full recovery while the Eastern portion of the US is still struggling. Personal experience is showing an increase in activity in Northern California.
Foreclosure Radar is reporting that the October 2012 California foreclosure Cancellations were up 62.1 percent from the prior month, and 36.7 percent compared to last year. This is the largest one-month increase since Foreclosure Radar started tracking foreclosures in September 2006. It seems likely that the increase is being driven by the Homeowner Bill of Rights […]
Foreclosure Starts Down Dramatically “August 2012 California Notice of Defaults were down 23.6 percent from the prior month, and down 49.1 percent compared to last year. Foreclosure Sales wee up 23.7 percent in California on a month over month basis. On an average daily basis, the increase was up 12.9 percent from the prior month.” […]
DS News is reporting the National average for discounts on foreclosure is 31.74 percent. The discounts applies to both homes in foreclosure (Short Sales) and Bank Owned (REO). The States with the largest discounts are shown below with the median foreclosure sales price: 1. Massachusetts (47.09%) ($193,993) 2. Kentucky (46.33%) ($85,863) 3. Connecticut (45.40%) ($173,022) […]
We hear about the real estate market, economy, foreclosures, short sales, etc. Not much thought is given on the effects of same on our children. Incredible article by DSNews writer Tory Barringer. — Parents going through foreclosure may see it as a nightmare, a broken promise of the American Dream. Many might try to hide […]
Americans Sees Biggest Home Equity Jump in 60 Years: Mortgages – Bloomberg. Bloomberg is reporting that home equity in the first quarter rose to $6.7 trillion, the highest level since 2008. Attributed to the low-cost of borrowing funds, homeowners are taking advantage of record low interest rate to refinance their loans. Also reported that Americans […]
Last year was a good year for home bargain-hunters, according to the latest data from Radar Logic. The firm’s January report revealed a 5.42 percent decline in prices from January 2011 to January 2012 and a simultaneous 7.7 percent increase in transactions. Radar Logic surveys 25 metropolitan statistical areas on a monthly basis. However, despite […]
