Foreclosures accounted 44% of all single family home sales in May, which is 8% decline compared to a year ago, according to CDAR. Looking at the condominium sales the report shows that foreclosures accounted 30% of all condo sales, which is a 6% decline from a year prior. “Of equal, if not greater, importance, is [...]
Sales of distressed properties declined in May compared to the same period a year ago, an encouraging sign that real estate professionals say could help begin to stabilize home prices and revitalize the Palm Springs real estate market. In May, 44 percent of 684 existing single-family homes that sold in the Coachella Valley were bank-owned [...]
Foreclosure filings were down in California to levels not seen in 36 months, according to ForeclosureRadar’s recent report. “The drop in filings, and the rise in cancellations, is surprising,” says Sean O’Toole, CEO and founder of ForeclosureRadar.com. “Banks have had time to resolve robo-signing issues, so we should be seeing exactly the opposite results, with [...]
A $4 million oceanfront dream house located at 32081 South Coast Highway in Laguna beach is scheduled for foreclosure auction. The date is only a couple days far: June 9th 3 p.m. at the Santa Ana County Courthouse. Although the price is high, the home is a small 1950s beach cottage with only 640 square [...]
