Foreclosures
Deals Abound for Buyers at Auction of Over 200 San Francisco Area Foreclosed Homes
February 5, 2008 Posted by California RealEstateRama
Valued from $145,000 to Nearly $600,000, Homes Will Be Auctioned by Hudson & Marshall February 16th and 17th
SAN FRANCISCO, Calif., Feb. 5 /PRNewswire-USNewswire/ — America’s housing market may be fledging but with interest rates hitting historic lows and home prices falling, now is a great time to buy. With the market in their favor, more […]
250 Los Angeles Area Homes Auctioned by Country’s Largest Foreclosed Real Estate Auction Firm
January 30, 2008 Posted by California RealEstateRama
With Interest Rates at Historic Lows, Now is the Time to Buy
– Open House Saturday February 2nd and Sunday February 3rd 1:00pm-3:00pm –
LOS ANGELES, Jan. 30 /PRNewswire/ — Plagued by a persistent tide of foreclosures, a surplus of inventory and falling prices, California’s housing market is one of the worst in the nation. Yet in […]
Buyers Hungry for Deals Likely to Find Many at Auction of Nearly 250 Los Angeles-Area Foreclosed Homes
January 24, 2008 Posted by California RealEstateRama
Over $86 million of Real Estate to Be Auctioned by Hudson & Marshall February 9th and 10th in Anaheim
LOS ANGELES, Jan. 23 /PRNewswire-USNewswire/ — Plagued by a persistent tide of foreclosures, a surplus of inventory and falling prices, California’s housing market is one of the worst in the nation. Yet in this knocked out market […]
PMI Releases Winter 2008 Risk Index
January 15, 2008 Posted by California RealEstateRama
WALNUT CREEK, Calif., Jan. 15 /PRNewswire-FirstCall/ — PMI Mortgage Insurance Co., the U.S. subsidiary of The PMI Group, Inc. (NYSE: PMI), today released its Winter 2008 U.S. Market Risk Index(SM), which ranks the nation’s 50 largest metropolitan statistical areas (MSAs) according to the likelihood that home prices will be lower in two years.
$4.6 M Raised to Support Mortgage Counselors During Foreclosure Crisis
January 15, 2008 Posted by California RealEstateRama
SAN FRANCISCO, Jan. 14 /PRNewswire-USNewswire/ — Mortgage counseling agencies will receive $4.6 million to build their capacity over the next two years, and help the hundreds of thousands of California homeowners facing interest rate resets and the threat of foreclosure.
Gadish Properties Finds Success in a Tumbling Real Estate Market
January 8, 2008 Posted by California RealEstateRama
LOS ANGELES, Jan. 7 /PRNewswire/ — Orit Gadish, in an interview with the Los Angeles Business Journal, discussed the success that Gadish Properties found in the foreclosure market.
Kennedy Wilson Auctions and Sells 31 New Homes In Oxnard in 90 Minutes
December 20, 2007 Posted by California RealEstateRama
BEVERLY HILLS, Calif. (December 3, 2007) – Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted a special close out auction of 31 new homes in the gated community of Westwind in Oxnard, California on December 2, 2007.
California Foreclosure Report Notes Big Lender Discounts In November
December 14, 2007 Posted by California RealEstateRama
ForeclosureRadar today issued today its California Foreclosure Report which showed a total of 12,282 properties with a loan value of $4.91 Billion dollars sold at auction in November. In addition to a review of foreclosure stats and county rankings, the California Foreclosure Report notes a significant rise in lender discounts at the foreclosure auctions. This […]
Nehemiah Corporation of America Responds to President’s Foreclosure Relief Plan
December 7, 2007 Posted by California RealEstateRama
SACRAMENTO, Calif., Dec. 6 /PRNewswire-USNewswire/ — The following statement was issued today by Scott Syphax, President and CEO of Nehemiah Corporation of America in response to President Bush’s foreclosure relief plan. Nehemiah Corporation of America is the largest and oldest private downpayment assistance provider.
The PMI Group, Inc. Endorses New Foreclosure Prevention Initiative
December 7, 2007 Posted by California RealEstateRama
WALNUT CREEK, Calif., Dec. 6 /PRNewswire-FirstCall/ — The PMI Group, Inc. (NYSE: PMI) announced support for the U.S. Department of the Treasury’s new plan to bring together mortgage industry participants, government agencies, and non-profit organizations to reduce preventable foreclosures.
Data: U.S. Rep. Baca Can Act to Save 3,243 Homes in Congressional District From Foreclosure During Subprime Mortgage Crisis
November 26, 2007 Posted by California RealEstateRama
Estimate of Number of Homeowners Who Could Save Home Based on Publicly Available Data from Center for Responsible Lending; Rep. Baca Urged to Support Pending Bills to Eliminate Unfairness in Mortgage Foreclosure Process
SAN BERNADINO, Calif., Nov. 26 /PRNewswire-USNewswire/ — There is promising news today for distressed homeowners in the San Bernadino area. The National Association […]
State, Lenders Agree to Wide-Scale Loan Modifications in Calif.
November 21, 2007 Posted by California RealEstateRama
Progress must be measured to track success, impact
OAKLAND, Calif., Nov. 20 /PRNewswire-USNewswire/ — Gov. Arnold Schwarzenegger and California mortgage lenders Countrywide, GMAC, Litton and HomeEq announced today that they plan to follow the direction of FDIC Chairman Sheila Bair and institute systematic loan modifications for borrowers with resetting ARMs.
California Has Record $5 Billion in Foreclosure Sales in October
November 16, 2007 Posted by California RealEstateRama
This month’s sales result of missed payments in March 2007, yet to reflect mortgage liquidity debacle
DISCOVERY BAY, Calif., Nov. 15 /PRNewswire/ — ForeclosureRadar (www.foreclosureradar.com), the only web site that tracks every California foreclosure with daily updates on foreclosure auctions, issued its monthly California Foreclosure Report today which showed October foreclosure sales increased by 40 percent […]
Stockton, Detroit, Riverside-San Bernardino Post Top Metro Foreclosure Rates According to RealtyTrac(R) Q3 2007 Metropolitan Foreclosure Market Report(TM)
November 15, 2007 Posted by California RealEstateRama
California, Florida and Ohio Cities Account for 17 of Top 25 Metro Foreclosure Rates
IRVINE, Calif., Nov. 14 /PRNewswire/ — RealtyTrac(R) (http://www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Q3 2007 Metropolitan Foreclosure Market Report, which shows Stockton, Calif., Detroit and Riverside-San Bernardino, Calif., documented the three highest foreclosure rates among the nation’s […]
Audio Tele-Conference: CRL Study on the Subprime Foreclosure ‘Spillover Effect’
November 13, 2007 Posted by California RealEstateRama
Tuesday, Nov. 13
10:30 AM PST
1-800-860-2442 (Ask for “subprime foreclosures” event)
New CRL Research Reveals Devastating Subprime Foreclosure “Spillover Effect” On Neighbors And Entire Communities, Not Only Individual Homeowners