foreclosure: Properties "In Escrow" According to the Rim Association of Realtors - 02/06/09 01:05 AM
The following chart shows single family homes reported as under contract to Rim Association of Realtors as of February 5, 2009.  The percentages define what portion of each market sector are foreclosure properties.

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foreclosure: Bank Owned Properties Sales in the Lake Arrowhead Vicinity - 02/04/09 02:10 AM
The following chart shows the residential sales reported to the Rim Association for January 2009 by area.  For all areas combined on the mountain, 41% were bank owned or REO properties.  Of note is Lake Arrowhead with only 26% of the sales were properties that had been foreclosed on.


foreclosure: An Alternative to Foreclosure - 01/24/09 12:40 AM
Lenders in the current evironment in most instances are approving "Short Sales."  A "Short Sale" is when the lender allows a homeowner to sell a property for less than the existing values of the loans against it, forgiving the difference.
As the number of homeowners in default on their mortgages began to rise over the last few years, troubled homeowners are now resorting to negotiating with lenders to take less than full payoff on their mortgage at closing.... and are getting the banks to go along with them.
The problem with "Short Sales" is that often they take significantly longer than … (0 comments)

foreclosure: Hope for Homeowners - 10/29/08 06:58 AM
Earlier this month the Federal government unveiled additional mortgage assistance for homeowners at risk of foreclosure.  The "Hope for Homeowners" program will refinance mortgages for some borrowers who are having difficulty making their mortgage payments. , but can afford a new loan that will be insured by HUD's FHA.
This program began October 1, 2008 and will go through September 30, 2011.  The program is available only to owner occupants and will offer 30 year fixed rate financing only. 
The following eligibility requirements will apply:
The home must be a primary residence, and the homeowner can not own any other residential property, … (1 comments)


Steven Keefe

Lake Arrowhead, CA

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Coldwell Banker Sky Ridge Realty

Address: 27206 St. Hwy 189, Box 1089, Lake Arrowhead, CA, 92352

Office: (909) 336-2131

Mobile: (909) 744-7690

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