foreclosures: Rate of Foreclosures in Kern County Holding Steady...so far! - 03/13/09 03:59 PM
Last year ended with a record number of foreclosures throughout the nation, and Kern County was no exception. See my year-end summary for detailed numbers. so far this year has been remaining fairly stable with a sharp decline from December's 663 recorded Trustee's Deeds to 487 in January. February finished with … (2 comments)
foreclosures: Kern County End of Year Foreclosures Update - 01/19/09 12:11 PM
As an appraiser in Bakersfield, the rate of foreclosures is an important statistic to watch for our market conditions. Again, for the purposes of this post, foreclosures are considered to be those properties where a Trustee's Deed has been recorded, indicating that the lender has taken possession of the property. In … (1 comments)
foreclosures: Foreclosures on the Decline in Kern County - 11/18/08 12:31 PM
First of all, when I say foreclosure, I'm referring only to those properties where a Trustee's Deed has been recorded, or if it is on the market, is listed as an REO. Based on my data compiled from local listing services and the county recorder, the number of foreclosures has been … (0 comments)
foreclosures: Will the bleeding ever stop? - Foreclosures and Defaults in Kern County - 07/10/08 01:44 AM
If defaults and foreclosures don't slow down, falling home prices won't stabilize anytime soon in Kern County.
Notices of default have been steadily increasing since May of 2005, and foreclosures have been increasing since July of 2006. From May 2005 to July 2006, most homeowners in dire straits could probably either … (0 comments)
foreclosures: A Government Sale Concession - $7,000 Tax Credit - 06/26/08 11:19 PM
The Foreclosure Prevention Act of 2008 has been passed by both the House and the Senate. Congress is now resolving differences in amendments passed. Once this process is complete, the bill will go to the President to be signed into law. However, the President's senior advisors are recommending a veto if … (19 comments)
foreclosures: Record Mortgage Defaults in California - 10/28/07 04:51 PM
As most of you have probably heard, there was a record number of defaults in the third quarter this year. I expect teh susequent quarters to be even worse. October and November are expected to have the largest number of ARM resets which will probably result in additional defaults beginning in … (0 comments)
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Last year ended with a record number of foreclosures throughout the nation, and Kern County was no exception. See my year-end summary for detailed numbers. so far this year has been remaining fairly stable with a sharp decline from December's 663 recorded Trustee's Deeds to 487 in January. February finished with … (2 comments)
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