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Archive for the 'foreclosure moratorium' Category

Sacramento County Foreclosure Activity Increases Dramatically

[caption id="attachment_1350" align="aligncenter" width="300" caption="The Foreclosure shadow Inventory Continues To Grow, Even Though Trustee Sales Are Up."]   [/caption] Certified Short Sale and Pre-Foreclosure Specialist Report Sacramento County Foreclosure activity for the month of January has increased year over year. There are currently 14791 Foreclosures in California right now, counting all stages of the processs. The number of homes taken back by banks has increased  over 12% from January 2009.  And homes autioned off at Sacramento Trustee Sales in January that were sold to Third Parties increased by more than 200%.  Foreclosure filings are a mixed bag- Notice of Defaults have gone slightly down, while Notice of Trustee Sales have increased... See the intire California Foreclosure Report by foreclosureradar here.

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California Foreclosure Timelines And California Short Sale Timelines

[caption id="attachment_3434" align="aligncenter" width="300" caption="Foreclosure And Short Sale Time Lines"][/caption] Stressed Sacramento Homeowners Looking for Options Ask; What Is The Actual California Foreclosure Processing Time? Sacramento Short Sale Specialist Forth Hoyt Reports: Sacramento Short Sale Information and Short Sale Training For Sacramento Area Homeowners. Understanding Short Sales Means Understanding Foreclosure Time Lines In California. What is the time to foreclose in California? Foreclosure– how do you mean that? Most of the time, Foreclosure means one of a couple of things; one is a process, as in “my Brother is in foreclosure”, or second, it can be an actual event: “that 4600 square foot home went for $243,000 at the foreclosure sale the other day…” You see, foreclosure as a process means...

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California’s Latest Foreclosure Moratorium May Not Make Much Difference…

    Will the latest Foreclosure Moratorium make much of a difference in the long run? Will it give more options to Sacramento Area Homeowners? With another highly publicized foreclosure moratorium starting here in California on June 15th; many buyers, sellers, and real estate professionals have wondered how big the impact will be on the housing inventory here in the Sacramento area. It seems the impact has already been felt and dealt with. Lenders and loan services that already have a comprehensive loan modification program in place are exempt from the law. So most banks, lenders and servicing companies, even if they did not have one in place originally, have put one in place since the law was written in February when The California Foreclosure...

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