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 [...]

Brentwood CA Foreclosure List, June 2010

Foreclosure activity seems to have slowed in Brentwood and East Contra Costa County, but I don’t believe that it’s an indication of a real change in the market. Notice of Default filings are down compared to last month and this time last year, as banks slow the pace of processing the foreclosures. It’s most likely [...]

Strategic Default Could Cost You Eight Years

According to the Mortgage Bankers Association, lenders could soon begin to enforce guidelines that would keep buyers who engaged in a “strategic default” out of the market for seven to eight years. That can be twice as long as the current Fannie Mae or Freddie Mac guidelines. With home prices having continued to slide now [...]

Understanding the Sub Prime Crisis

Vacation is always a great opportunity to do the things we never have time for in our day-to-day lives. One of those things, for me, is to read a book straight through – cover-to-cover. This past week I took that opportunity to read a fascinating new book by Michael Lewis (Moneyball, The Blind Side). Lewis’ [...]

Discovery Bay Foreclosure List April 2010

Foreclosures and distressed properties continue to make up the bulk of the Real Estate market in East Contra Costa County. Notice of Default filings continue to rise and banks continue to take back properties at a record pace. Discovery Bay foreclosures continue to dominate the local market, along with short sales, making-up the significant portion [...]

Brentwood Foreclosure List April 2010

There’s no end in sight to the foreclosure crisis in East Contra Costa County. Notice of Default filings continue to rise and banks continue to take back properties at a record pace. Brentwood foreclosures continue to dominate the real estate market, making-up the significant portion of homes for sale on the market. There are currently [...]