Many people call my office looking for advice as it relates to Foreclosure Prevention. Considering the fact that of 27 million mortgage loans originated over a five-year period found It was determined that 6.4 percent of the mortgages made between 2004 and 2008 have ended in foreclosure, and an additional 8.3 percent are at immediate, [...]
According to an August 16th article in the Tri-Valley Herald (Source: Rick Radin, Staff Writer), Foreclosure Evictions are on the RISE. The article suggests that the Oakland Alameda area has seen a 46% increase in Sheriff lock outs, and a 16% increase in Contra Costa County. To make matters worse, rents in the “Bay Area” [...]
The article below shows that Short Sales are on the rise. This should come as no surprise, but what is worth noting is that a short sale can’t be executed if the seller can’t find a buyer before the bank puts the home up for courthouse auction. http://www.dsnews.com/articles/industry-data-points-to-record-high-level-of-short-sales-2011-04-25 If you are in the process of [...]
Source: Foreclosure Radar.com Foreclosure sales rose dramatically in most of our coverage area, though much of the increase was due to March having more days than February. In California foreclosure sales increased 35.1 percent overall, but rose just 10.5 percent on a daily average basis. Nevada foreclosure sales, however, bounced back dramatically after falling in [...]
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