foreclosures: Foreclosures not as bad as expected in the Inland Empire - 04/16/08 04:54 AM
I just read an article from our local newspaper The Press- Enterprise. It stated that we are up in the amount of foreclosed homes from last month by 30%. But, Realtytrac and real estate data source stated that they were surprised that the numbers were not a lot higher. Some of the credit goes to the programs that are out there to help struggling homeowners. We are still expecting to see a large reset of these ARM loans, but reo homes are selling. Most reo agents have seen a surge in the amount of homes sold under $300,000. Meaning there are … (0 comments)

foreclosures: More GOOD news for housing - 03/21/08 04:37 AM
Throughout the week I have read a couple of reports that have shed some positive light on the whole housing situation. With the Fed injecting money into the financial markets and banks desperately trying to help out defaulting homeowners, more good news is coming out in regards to the housing market. Here are a couple of excerpts from these articles.From INMAN News March 20, 2008California's foreclosure rate fell in February compared to January, research and data company ForeclosureRadar reported Wednesday.Foreclosure sales at auction in the state fell 15 percent compared to January, with 16,931 sales at a combined loan value of … (1 comments)

 

Kevin Williamson

Homes for Sale Moreno Valley

Moreno Valley, CA

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