Foreclosure Activity Drops Throughout The Most Foreclosure-Heavy States

Foreclosure activity is slowing. According to foreclosure-tracker RealtyTrac, the number of foreclosure filings dropped 17 percent on an annual basis last month. Monthly filings ticked higher 1 percent after a combined 23 percent decrease through November and December 2010.

Brentwood CA Foreclosure List December 2010

Foreclosure activity is still the primary force in the Brentwood Real Estate market these days, and throughout East Contra Costa County. As the banks continue to work towards foreclosure alternatives such as loan modification and short sales, the bulk of the properties on the market out here are in some stage of the foreclosure process. [...]

Contra Costa Foreclosure Report – November 2010

ForeclosureRadar (www.foreclosureradar.com), the only website that tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for October 2010. The number of foreclosures Sold to 3rd parties, typically investors, declined 15.6 percent in September. Most foreclosure investors flip the properties they purchase after taking care of title, occupancy and repairs. [...]

How the Foreclosure Freeze Helps to Stabilize the Brentwood Real Estate Market

A couple of weeks ago there was a lot of noise on the news channels about improper procedures and corner-cutting by the big banks in their foreclosure processing. A lawsuit brought about by a couple of attorneys general in the Midwest put the entire foreclosure industry under a microscope, as if they didn’t have enough bad [...]

Short Sale Scams – What to Look Out For

Short Sale scams are on the rise in California, so much so that the Real Estate Commissioner has issued a formal warning to Brokers and Agents throughout the state. We are seeing plenty of questionable practices here in Brentwood/Discovery Bay/Antioch due to the high number of distressed homeowners. These scams make victims of both individuals and financial [...]

Brentwood CA Foreclosure List, September 2010

Foreclosure activity continues to dominate the real estate market in Brentwood and East Contra Costa County. There is a huge number of “short sales” for sale and pending, but at least half of the successfully closed transactions are Bank or Investor owned properties that have been foreclosed. Notice of Default filings are down compared to last [...]

July California Foreclosure Report

Discovery Bay, CA, August 12, 2010 – ForeclosureRadar (www.foreclosureradar.com), the only website that tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for July 2010. Foreclosure activity was again mixed in July. Foreclosure filings and cancellations dropped after rising last month, while foreclosure sales rose after dropping last month. [...]

Discovery Bay Foreclosure List, August 2010

Distressed sales and Foreclosures continue to make up the bulk of the Real Estate market in Discovery Bay, CA, but the total numbers of these properties are declining. While the economy continues its slow recovery, home prices in Discovery Bay appear stable to slightly soft, but many homeowners with negative equity are still faced with difficult decisionsions [...]

June California Foreclosure Report

ForeclosureRadar (www.foreclosureradar.com), the only website that tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for June 2010. Foreclosure activity was mixed in June after being down across the board in May. Filing of new foreclosure notices rose, while foreclosure sales dropped. The number of foreclosure sales that were [...]

FNMA’s Stiff New Strategic Default Penalty

I wrote a couple of weeks ago that stiffer penalties were coming for borrowers who participated in a “strategic default” – now FNMA has made it official. Fannie Mae recently announced policy changes designed to encourage borrowers to work with their loan servicers and pursue alternatives to foreclosure.  Under the new policies, borrowers who strategically [...]

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