Strongest March for O.C. homebuying since ’07

Strongest March for O.C. homebuying since ’07 Orange County’s spring house shopping season got off to a fine start with the best March for sales since 2007. DataQuick reports that 2,856 residences sold last month — a 9.2% improvement vs. a year ago and the best March since 3,130 sold in 2007. Still, the rising …

Continue reading ‘Strongest March for O.C. homebuying since ’07’ »

CoreLogic: Number of Completed Foreclosures Down for February

The number of completed foreclosures in February 2012 was down on a monthly basis and slightly on a year-over-year comparison, but overall, foreclosure inventory has decreased compared to a year ago, according to CoreLogic’s National Foreclosure report for February. Completed foreclosures are counted as properties that get auctioned off and purchased by a third party, …

Continue reading ‘CoreLogic: Number of Completed Foreclosures Down for February’ »

February modifications and foreclosures down

HOPE NOW, a private sector alliance of mortgage servicers, investors, mortgage insurers, and non-profit counselors, estimated 45,000 homeowners received permanent, non-HAMP loan modifications from mortgage servicers during February 2012, down from 56,000, or 20 percent, compared to the month before in January. While modifications were down, foreclosure sales and foreclosure starts also declined on a …

Continue reading ‘February modifications and foreclosures down’ »

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 …

Continue reading ‘Sales of Distressed Properties Down in California, Equity Sales Up’ »