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Alameda Foreclosure Report

By Evelyn Kennedy

Real Estate Agent with Alain Pinel Realtors CalBRE#00979900

September 14, 2011 06:06 PM

Alameda Foreclosure Report

Alameda is a lovely island community just minutes from San Francisco with stately Victorian homes and a small town feeling. Alameda has good schools, wonderful views of the Bay and lots of fun things to do. But even Alameda has been negatively effected by the current real estate market.

Alameda Foreclosure Report

BALLENA BAY - SOUTH OF ALAMEDA POINT

Foreclosures in Alameda have not been as prevalent as they are in other nearby cities. And there are not as many properties for sale which are REO properties. But I feel that will change in the near future. Because of Bank of America's precarious financial situation and the substantial ghost inventory of foreclosed properties, there will be more foreclosed properties reaching the market in Alameda soon.

Alameda Foreclosure Report

According to Foreclosure Radar Notice of Defaults in the City of Alameda are up nearly 43% from July, 2011 filings. The Notice of Default filings are the first step in the foreclosure process. When the Notice of Trustee is filed the date and time of an auction are set. The notice of default gives the homeowner their final notice before sale.

Alameda Foreclosure Report

"Pre-foreclosure inventory is an approximation of the number of properties that have been served a Notice of Default against the property, but a sale has not been scheduled," according to Foreclosure Radar.

Alameda Foreclosure Report

When a Notice of Trustee Sale has been filed against a property there are three possible outcomes:

The sale may be canceled
The property will be sold to a third party
The property will go back to the Bank

IF YOU ARE LOOKING FOR A FORECLOSED PROPERTY IN ALAMEDA, I KNOW THE MARKET AND CAN HELP YOU. CALL OR TEXT ME AT 510-504-5612.

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Ronald DiLalla

Century 21 Discovery DRE 01813824 - Anaheim, CA

No. Orange Cty Real Estate

Hi Evelyn, Alameda is such a beautiful community and thank goodness it has not been hit too badly with foreclosures.. Unfortunately a high percentage of trustee sales revert back to the bank as REO's.

Sep 14, 2011 06:42 PM

Evelyn Kennedy

Alain Pinel Realtors - Alameda, CA

Alameda, Real Estate, Alameda, CA

Ronald:

Yes, we are seeing that and probably more than we want. It will be a hit to the home prices here. Darn.

Sep 14, 2011 06:48 PM

Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366

Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA

General Contractor, Dry Rot and Water Damage

Love the picture Evelyn!

I'm not a fan of market reports in general, but I have noticed that the quality of these reports have gotten better.

Sep 14, 2011 06:58 PM

Tom:

Yea, I agree. I know that market reports are BORING. But according to the SEO experts they are important for our Google placement. So if they help widen my readership, I will continue to do them. I am trying to find a formula that is both interesting and easy to understand. Thanks for commenting and have an enjoyable weekend.

Sep 14, 2011 07:17 PM

Jerry Newman

Brown Realty, 210-789-4216, - San Antonio, TX

Texas REALTOR, San Antonio Military Relocation

Evelyn, First. I just love this lovely photo of Ballena Bay. You have some excellent graphics to explain your foreclosures in this market area. Great looking market reports.

Sep 15, 2011 01:17 AM

Debb Janes

Nature As Neighbors - Camas, WA

Put My Love of Nature At Work for You

Lots of folks looking for foreclosures these days, this report will be helpful to those buyers in Alameda. Nice job presenting the information Evelyn. Have a good Thursday.

Sep 15, 2011 02:38 AM

Bryan Robertson

Los Altos, CA

It's kind of a mixed bag of stats. NODs are up but sales are down, etc. You're in a very tough market over there. It would be interesting to know how many properties overall are in this category - what percentage of the market. If the rest of the market is going up, perhaps that's a sign that the cancellations are due to overall recovery.

Sep 15, 2011 02:55 AM

Jerry: Graphics are courtesy of Foreclosure Radar. The photo was taken by our photographer. He rented a helicopter and took some wonderful photos of Alameda.

Debb: Thank you so much for your kind comments. I a hoping to attract some of those people.

Bryan: Yes I wanted to get a percentage of foreclosures in August, but didn't have time.

Sep 15, 2011 05:16 AM

Amy Robinson

London Pierce Real Estate - Scottsdale, AZ

Realtor, Scottsdale Arizona Homes For Sale

Hello Evelyn, That is a beautiful picture. You did a really great job putting this blog together. This is one that I need to do as well.

Sep 15, 2011 05:21 AM

Amy: Thank you. I used Foreclosure Radar information. They make videos and prepare charts geared to your particular area. Check them out.

Sep 15, 2011 05:27 AM

Al Raymondi

Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL

Ormond By The Sea Florida - Home and Condo Sales

Great market report Evelyn, nice use of photos and graphs and narrative highlighting Alameda.

Sep 15, 2011 05:44 AM

Al:

Thank you so much. I wish I could make my market reports interesting and look good. I guess if someone really wants the information, they may be willing to wade through a blog to get it.

Sep 15, 2011 05:48 AM

Bob & Leilani Souza

Souza Realty 916.408.5500 - Roseville, CA

Greater Sacramento Area Homes, Land & Investments

Evelyn, I love the aerial shot your photographer took! It's hard not to get a beautiful photo of Alameda, isn't it? :)

Leilani

Sep 15, 2011 02:06 PM

Leilani:

The photographer is excellent at taking home photos. He did an equally good job with the aerial photos.

Sep 15, 2011 02:49 PM

Alameda Foreclosure Report

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Evelyn Kennedy

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