The latest report coming from CAR show that contrary to the national picture, the housing supply in California has been below throughout the year. Unsold Inventory Index for single-family detached homes remained almost unchanged in September at 6.2 months. Compared with last year’s numbers this is up with 1.7 months. The index was 6.1 months [...]
According to California Association of Realtors (CAR) the state’s home sales are up for the second consecutive month in September, but they are down compared with the same period in 2009. "We’ve seen a gradual improvement in the market over the past few months as we moved away from the influence of the tax credits., [...]
Palm Springs is well known to many visitors and its residents for its green grass and lush landscapes. But the recession has affected the yards and areas that were once meticulously manicured and maintained. We are talking about the foreclosed properties. The abandoned ones are just a few of the inventory. "It makes me so [...]
Foreclosure Radar and County Records Research give essential information to investor clients to learn about and purchase properties in foreclosure. These following lines are the reactions coming from these two important players when asked about the action of the Bank of America who extended the foreclosure moratorium to all 50 states. "If you put a [...]
California is among 49 states teaming up to investigate how lenders have verified foreclosure documents, according to a coalition of state law enforcement officials. The announcement was officially announced on Wednesday morning, headed by Iowa Attorney General Tom Miller. It comes in reaction to disclosures by several major lenders, including Bank of America Corp. and [...]
The stagnant College Park housing development has now new owners. The Florida-based Lennar Homes and Standard Pacific Homes of Irvine have taken over the master-planned community project from the financially troubled SunCal development company as they successfully bid $67.5 million for the land in foreclosure auction in Chino, California. "We look forward working with the [...]
Although foreclosure rates in most California areas were down in August, the number of foreclosed single and multi family homes remains high. Most major cities and counties of the state are in the top ten local municipalities with the highest rates of foreclosure nationwide. Merced, Ca is part of the top ten counties and cities [...]
Attorney general Edmund G. Brown Jr. directed Ally Financial Inc. – former GMAC – to make the necessary steps to prove that it’s complying with state law or if it cannot, to cease foreclosing on California homes. "I’m taking this action to protect California homeowners facing the tragedy of foreclosure," said Brown. "They are clearly [...]
