Distressed properties accounted nearly 50% of all home sales in California, while short sales slightly rise in the area. The recently published statistics show 613 single family residences sold in Palm Springs in July only. The average price paid for a single family home was $282,475, the report noted. All cash sales accounted 263 of [...]
The Vintage East Condominium Association members from Miami, needed cash so they decided to sue JPMorgan Chase & Co, instead of waiting the lender to foreclose on unit 9. This is how they imagined to take control over the property in February. In June, more than four years after the owner stopped making payments, a [...]
The robo-signing scandal and other issues regarding illegal foreclosures triggered a steady drop in foreclosure activity across the Coachella Valley, California and the nation. However processing delays allow more distressed homeowners to stave off foreclosure, said James Saccacio, CEO of RealtyTrac. This resulted a foreclosure activity which fell nationwide to a 44-month low in July, [...]
According to RealtyTrac’s recent report foreclosures are down 21% across the Coachella Valley, compared to July 2010, which means that July is the fourth months of double-digit declines. On the other hand Riverside County registered a total of 5,460 foreclosures in July, and Riverside is leading the list with tis 751 foreclosure filings. Corona ranked [...]
Foreclosure sales are down in Riverside County, in line with the national trend in foreclosure activity, ForeclosureRadar reported. According to the report published by the real estate tracking company 1,465 repossessed homes were sold around the county last month, compared with 1,554 in JUne, which reflects a 6% decline. Comparing these numbers to last year [...]
Foreclosure across Palm Desert dropped 25% in June, marking the third consecutive month of significant year-over-year declines. The number of foreclosure filings — mortgage default notices, auction sale notices and bank repossessions — fell to 1,292 in June from 1,721 in June 2010 in the Coachella Valley, a new report from Irvine-based real estate data [...]
The story began five years ago ,when at least 12 Riverside residents with good credit score found very nice a real estate investment that forecasted them a bright future. All they had to do to fill out some forms and in return they got checks of up to $50,000. Riverside county authorities caught up with [...]
Kamala D. Harris, California Attorney General has subpoenaed Citigroup Inc. and its banking subsidiary Citibank asking the entities to answer some question that aim to bring some light on the selling and marketing of mortgage-backed securities in California. A couple of months ago Harris announced the creation of a Mortgage Fraud Strike Force aimed to [...]
California recorded a 91% increase in hotel foreclosures during the second quarter of 2011 as lenders seek to sell the repossessed properties, Atlas Hospitality Group reported yesterday. The number of foreclosed hotels reached 191 in 90 days, compared to 100 foreclosures a year prior, the Irvine, California-based brokerage said. Seizures also rose from the first [...]
