California hotel foreclosures are up 122% in 2010 according to a report issued by the Atlas Hospitality Group of Irvine. There were a total of 138 hotels foreclosed in the past year, which means a significant increase compared with 2009. The Hospitality Group attributes the growing number of foreclosures on the effects of the recession [...]
California foreclosures were down in December 2010, but the foreclosure crisis in the state is far from recovery. “There are pending cases against major banks filed by state Attorney Generals throughout the country, and the recent decision in Massachusetts is an example of how major lenders are failing to prove they own the mortgages on [...]
The number of homes getting receiving foreclosure filings in the state of California declined in December 2010 according to figures compiled by ForeclosureRadar Inc. Foreclosure activity was extremely mixed in the West, the report says. Between the documentation issues and the December holidays and across the board slow down in foreclosure activity seemed likely in [...]
California had a really rough 2010, but this year has just started. Most of the lenders have resumed their foreclosure proceedings so we can expect at these months for a huge number of foreclosures to flow into the California housing market. Looking back to 2010 and analyzing the numbers some analysts have different views abot [...]
California homes sales are down while foreclosures in the state are still high. Add millions of homeowners who are underwater on their mortgages and you’ll get the full picture. The question is: what will happen in 2011? Real estate historically has helped give a boost to economies exiting recession, but the severity of this bust [...]
According to the latest data published by the CAR (California Association of Realtors) home sales were up in November. This is a positive sign, although the sales numbers compared with 2009 numbers show a slight decline. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted rate of 490,950 in November. [...]
New reports show that the number of homeowners falling 60 days or more behind on their mortgages fell 6.4% in the third quarter from the second quarter, but the percentage of those who fell 30 to 59 days behind rose by 4.3%. Meanwhile foreclosure are on the rise with 31.2% to 382,000 in the most [...]
