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 buyers rule the roost and can find lots of deals on properties, particularly at auctions of bank-owned homes.
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.
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.
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.
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.
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 is an important precedent not only for investors, but for Realtors working to get short sale and REO offers approved.
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.
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.
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
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.
DISCOVERY BAY, Calif., Nov. 15 /PRNewswire/ -- ForeclosureRadar, 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 from September.
Stockton, Detroit, Riverside-San Bernardino Post Top Metro Foreclosure Rates According to RealtyTrac(R) Q3 2007...
IRVINE, Calif., Nov. 14 /PRNewswire/ -- RealtyTrac(R), 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 100 largest metropolitan areas during the third quarter.
New CRL Research Reveals Devastating Subprime Foreclosure "Spillover Effect" On Neighbors And Entire Communities, Not Only Individual Homeowners
The weight of defaults on real estate loans has forced the Bay Area-based Cal State 9 Credit Union into federal conservatorship.
LOS ANGELES, Nov. 5 /PRNewswire-USNewswire/ -- Los Angeles Neighborhood Housing Services, (LA NHS) will host a press conference featuring the Reverend Jesse Jackson as he speaks to homeowners facing foreclosure in a LA neighborhood. Reverend Jackson will urge Los Angeles homeowners at risk of foreclosure to take the first step to avoid losing their biggest investment by calling for help at 888-995-HOPE.
Valued from $85,000 to over $800,000, Homes Will Be Auctioned November 12-18 in San Jose, Kelseyville, Modesto, San Francisco Bay Area, Sacramento & Stockton
Foreclosure Activity Up 30 Percent in Third Quarter According to RealtyTrac U.S. Foreclosure Market...
IRVINE, Calif., Nov. 1 /PRNewswire/ -- RealtyTrac(R), the leading online marketplace for foreclosure properties, today released its Q3 2007 U.S. Foreclosure Market Report, which shows a total of 635,159 foreclosure filings -- default notices, auction sale notices and bank repossessions -- were reported on 446,726 properties nationwide during the third quarter, a 30 percent increase from the previous quarter and an increase of nearly 100 percent from the third quarter of 2006.
With Homes Valued from $100,000 to nearly $700,000, Buyers Will Likely Find Pick of Deals at Auction Scheduled November 6-11
Real estate professionals, including some local ones, are pushing the federal government to declare California a "high-cost" state to ease the home foreclosure crisis that has hit the Vallejo area especially hard.
CALABASAS, Calif., Oct. 23 /PRNewswire/ -- Countrywide Financial Corporation (NYSE: CFC) today announced a comprehensive home preservation program to reach out to borrowers at-risk of default.