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market update: Foreclosure Update, March 16, 2010 - 03/16/10 11:41 AM
Copied from ForeclosureRadar.com. Check out up-to-date foreclosures EVERYWHERE in the US at http://www.bobcarlseen.com/mx/Foreclosure/index.cfm?
Updated California Foreclosure Report:
After reaching the lowest level in a year last month, Notice of Defaults, the start of the foreclosure process, increased by 19.7 percent in February. The number of properties scheduled for foreclosure sale remained near record levels, yet foreclosure sales, either Back to Bank or Sold to 3rd Parties, dropped by 11.9 percent total.
"The disconnect between delinquencies, and foreclosure sales continues to widen," says Sean O'Toole, Founder and CEO of ForeclosureRadar.com. "While efforts to slow foreclosures are clearly working, it remains unclear that … (0 comments)
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market update: VA Loans- a Great Choice! - 04/13/09 03:15 PM
When it comes to great loan ooprtunites, VA definitely seems to be the way to go for anyone who qualifies. Well, just when I thought it couldn't get any better, it did! VA loan limits have now increased to $625,500 effective now!
Here are just a few reasons why buyers choose to go VA:
Generous loan limits (now $625,500) Zero-down loan options No private mortgage insurance payments (a BIG savings!) Fixed and Adjustable rate programs availalbe Flexible income, employment and savings requirements And just in case you are curious about monthly payments, here are a few purchase scenarios to whet your … (0 comments)
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market update: California Foreclosure Update- February 2009 - 02/23/09 05:33 PM
Since the foreclosure market tends to drive the current housing market here in San Diego and Chula Vista, accurate information is key to udnerstanding what to expect in the coming months.
Here are some of the key facts that I noticed in a recent report by Foreclosure Radar- a wonderful service to anyone looking into the foreclosure and pre-foreclosure market- (click here for instant Foreclosure Radar access).
- From December '08 to January '09, Wells Fargo, (which recently purchased Wachovia) saw NOD fillings decrease 46% while JP Morgan/Chase/Washington Mututal saw declines at 49% for the same period.
- Juxtaposed to that, … (0 comments)
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market update: Chula Vista Foreclosures Expected To Rise Drastically - 01/14/09 01:03 PM
Just when we thougt we were gaining some ground on the fight against freclosures, there appears to be a large surge on the horizon.
According to ForeclosureRadar.com, filings on Notices of Default, ebbed temporarily through November 2008 as California State Senate Bill 1137 tried to force banks to work with more homewoners prior to foreclosure. December saw 42,421 NODs filed, nearly double November 2008 when 21,557 NODs were filed.
But this was to be expected, since NODs filed from December 2007 to January 2008 surged nearly 55%.
Athough filings for Notices of Trustees Sale remained fairly level, it is expected that these will … (0 comments)
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market update: Chula Vista Distressed Sales Update- October 2, 2008 - 10/02/08 06:39 PM
Distressed sales account for nearly 85% of the active inventory in Chula Vista! I consider distressed sales to be either foreclosures or short sale (pre-foreclosure) properties.
As of October 2, 2008, short sales accounted for about 63% of the listing inventory in Chula Vista, but only account for 33% of the pending sales and only 17% of closed sales since April 1, 2008. Keep in mind, the percentage of short sales actually closing is increasing as lenders get more pressure to keep foreclosures off their books.
Also since January 1, 2008, there have been approximately 2,250 short sale listings taken … (2 comments)
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Peter Carlseen
Chula Vista,
CA
More about me…
RE/MAX Praecelsus
Address: 891 Kuhn Dr #204, Chula Vista, CA, 91914
Office Phone: (619) 216-1505
Cell Phone: (619) 370-6555
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News, tips and advice for homeowners and buyers in the Chula Vista and Bonita neighborhoods of San Diego County
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