Riverside County posted the highest foreclosure rate in California during the six months of 2011, according to a real estate tracking firm. A total 25,901 mortgage default notices were filed between January and June, which means one in 30 households in slipping into some stage of foreclosure, according to RealtyTrac. Despite ranking No. 1 in [...]
California ranked third on the list of the nation’s highest foreclosure rate over the first six months of 2011. Through June, only Nevada and Arizona ranked higher than California, where one in every 51 homes received foreclosure filing, according to RealtyTrac’s report. The same report listed the county-level data, which shows that San Bernardino, Los [...]
For the first time in 48 months mortgage default notices for California homeowners dropped to a four-year low. This came as a result of home prices showing some signs of increasing stability, a research firm reported Tuesday. There were 56,633 default notices filed in California in Q2 of 2011, down 19.2% from 70,051 during the [...]
The first six months of 2011 had significant declines in foreclosures from last year. Foreclosure filings dropped 25% from the last half of 2010 and dropped 29% compared to the same period of last year, RealtyTrac reported today. For June, foreclosure filings, which include everything from the first default notice to the bank repossession, increased [...]
Foreclosure sales in Riverside County fell last month as the pace of filings slowed down, according to a real estate tracking firm. The Foreclosure Report issued by ForeclosureRadar from Bay Area shows that a total 1,546 repossessed properties were sold countywide, 6% less than the previous month’s 1,648. According to the figures, the county’s foreclosure [...]
More than 35,000 new and resale houses and condominiums found their new owners during May, DataQuick’s latest data shows. That is up almost 1% from April and down 13% from 40,965 sales in May a year prior. California sales for May have varied from a low of 32,223 to a high of 67,958 in 2004, [...]
The Roseville Commerce Center was purchased by a Newport Beach investment firm through foreclosure auction. In a filing with the Securities and Exchange Commission Thursday, KBS Strategic Opportunity REIT Inc. said it took over the 113,341-square-foot, commercial project on June 27. Terms of the deal were not disclosed. Built in 2006, the Roseville Commerce Center, [...]
The median house price in Southwest Riverside County dropped to $197,000 in April breaking the price floor it maintained more than a year and a half. Southwest County’s median price was between $200,000 and $215,000 every month since September 2009. But negative factors influenced the median price: gas prices, foreclosure rate, and tight mortgage lending [...]
Home sales are up 6% across the Coachella Valley in May, while the rest of the Southern California and Riverside County recorded double digit decline. Last month, 1,087 single-family homes and condominiums sold in the valley, San Diego-based DataQuick Information Systems reported. Cities with the strongest sales included Palm Desert with 203, Palm Springs with [...]
