Real Estate News
Filings fell 14% from January and 27% from a year earlier, according to RealtyTrac. The decline is attributed to a major overhaul of the process and court challenges by homeowners. Reporting from Los Angeles and Washington— Big banks put the brakes on foreclosure activity last month as the American foreclosure system faced a major [...]
Filed under: Foreclosures and Short Sales on March 14th, 2011 | Comments Off
Real estate deals in which lenders agree to take less for a property than the balance on the mortgage have tripled since 2008, a report says. Sales of homes for less than the amount of their outstanding mortgage debt have tripled since 2008, particularly in California and the Sunbelt, according to a report released Tuesday. [...]
Filed under: California Real Estate News, Economic Recovery, Foreclosures and Short Sales, Home Prices, Home Sellers, Housing Market Trends on August 11th, 2010 | Comments Off
Wealthy simply see loss of home as one bad investment and walk away LOS ALTOS, Calif. — The housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is striking the upper class in privileged enclaves like this one in Silicon Valley. Whether it is their [...]
Filed under: Economic Recovery, Foreclosures and Short Sales, Lending Info, loan modification, Mortgage News on July 9th, 2010 | Comments Off
Two reports released Monday raise hope that the country’s tide of home-loan defaults may finally be starting to recede, but the picture is far from clear. Credit data giant TransUnion said serious delinquencies – home loans on which borrowers are at least 60 days behind on payments – fell slightly across the nation in the [...]
Filed under: California Real Estate News, Economic Recovery, Foreclosures and Short Sales, Lending Info, loan modification, Mortgage News on July 7th, 2010 | Comments Off
Reporting from Washington – Short sales have been the hot solution for financially stressed homeowners and their lenders for the last year, but here’s another potent foreclosure alternative that’s about to take center stage: deeds-in-lieu. Some of the largest mortgage servicers and lenders in the country are gearing up campaigns to reach out to borrowers [...]
Filed under: Consumer Protection, Credit Scores, Economic Recovery, Foreclosures and Short Sales, Lending Info, loan modification, Mortgage News, Problem Solving, Refinancing on June 28th, 2010 | Comments Off
The May increase to $305,000, compared with the same period a year earlier, reflects a shift in sales in the region. Purchases climb 7.2% as buyers rush to take advantage of tax incentives. The Southland’s housing market surged in May with the median home price soaring 22.5% from its year-earlier level as tax incentives for [...]
Filed under: California Real Estate News, Economic Recovery, First-Time Homebuyer Tax Credit, First-Time Homebuyers, Foreclosures and Short Sales, Home Buying, Home Prices, Home Sellers, Home Selling, Housing Market Trends, Local LA Real Estate News, Market Update, Mortgage Rates on June 21st, 2010 | Comments Off
Case-Shiller index of 20 metro areas shows prices up 2.3% in March from a year earlier. But they fell 0.5% from February. The mixed reading leaves economists disagreeing over where the market is headed. Home prices in 20 major cities gained ground in March for the second consecutive month compared with their beaten-down year-earlier levels, [...]
Filed under: California Real Estate News, Economic Recovery, First-Time Homebuyers, Foreclosures and Short Sales, Home Buying, Home Prices, Home Sellers, Home Selling, Housing Market Trends, Local LA Real Estate News, Market Update, National Real Estate News on May 26th, 2010 | Comments Off
Lawmakers plan to push the Obama administration to come up with an exit strategy for the troubled housing finance agencies, which have been propped up by bailout money. By Jim Puzzanghera The Los Angeles Times Reporting from Washington – It is the forgotten bailout: $125.9 billion spent by taxpayers so far to rescue housing giants [...]
Filed under: Economic Recovery, Federal Housing Regulations, Foreclosures and Short Sales, Housing Market Trends, Mortgage Rates, National Real Estate News, Problem Solving on March 24th, 2010 | Comments Off
the 0.6% drop, less than expected, follows steeper declines in January and December. It comes KB Home reports a narrower loss in its first quarter. By Alejandro Lazo The Los Angeles Times The housing market stumbled anew in February as sales of previously owned homes fell for the third consecutive month and the number of [...]
Filed under: Economic Recovery, Federal Housing Regulations, First-Time Homebuyer Tax Credit, Foreclosures and Short Sales, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update, National Real Estate News on March 24th, 2010 | Comments Off
Analysts attribute the increase, to $249,000, to more higher-end houses and fewer bank-owned properties changing hands. By Alejandro Lazo The Los Angeles Times California’s median home price rose a robust 11.2% in February from the same period a year ago as fewer foreclosure properties sold, while the number of homes sold fell 3.8%. The median [...]
Filed under: California Real Estate News, Economic Recovery, Foreclosures and Short Sales, Home Buying, Home Prices, Home Sellers, Home Selling, Housing Market Trends, Market Update on March 19th, 2010 | Comments Off
