California had the third biggest decrease among U.S. states in the number of homes in some stage of the foreclosure process, CoreLogic reported. As of February, 2.4 percent of the California homes with a mortgage, or about 160,000 households, faced the possibility of foreclosure. That’s down 0.6 of a percentage point from January of last [...]
Archive of posts tagged California
Sales of Distressed Properties Down in California, Equity Sales Up
Sales of Distressed Properties Down in California, Equity Sales Up In California, the sale of distressed properties slowed down as equity sales picked up in February after two months of decline, the California Association of Realtors (C.A.R.) reported this week. “A lack of inventory in the bank-owned (REO) and short sale market was a contributing [...]
Mechanics’ Liens
California Mechanics’ Lien law provides special protection to contractors, subcontractors, laborers and suppliers who furnish labor or material to repair, remodel or build your home. If any of these people are not paid for the services or materials they have provided, you home may be subject to a mechanics’ lien and eventual sale in a [...]
Sales Up, Prices Down in California
Sales in California Up in February, Median Prices Down Home sales in California showed signs of improvement for February compared to the previous month of January and year before in February 2011, according to data from the California Association Of Realtors (C.A.R.). For February, sales were up 2.1 percent from January’s revised 517,120 and [...]
