40 percent fewer default notices to California homeowners
April 22, 2010 by admin
Filed under california
- Image via Wikipedia
Lenders issued 40 percent fewer default notices to California homeowners during the first three months of 2010 than in the same period last year, another sign that the state’s foreclosure crisis is easing, new data shows.
California also saw a sharp drop in the number of trustees deeds — recorded when a house or condo actually is forfeited to foreclosure — in January, February and March, according to the latest figures from San Diego-based MDA DataQuick.
Related articles
- Firm: California sees decline in mortgage defaults (seattletimes.nwsource.com)
- California Sees Decline In Mortgage Defaults (huffingtonpost.com)
- Firm: Calif Median Home Price Rises in Month (abcnews.go.com)
More related Positive News
Foreclosures Dipping Nationwide
November 12, 2009 by admin
Filed under foreclosures
Foreclosures are dipping as the number of homeowners on the brink of losing their homes dipped in October, the third straight monthly decline, as foreclosure-prevention programs helped more borrowers.
As an example foreclosure filings in Virginia fell 16 percent from a year ago, RealtyTrac Inc. said today. Also, the filings were down 4.7 percent from September. Those declines could indicate that the problem in the state may be easing.
In Virginia, 5,484 households, or one in every 597 homes, were in some stage of foreclosure activity in October, according to RealtyTrac.
The state was ranked with 19th-highest foreclosure rate in the country. We are seeing lower foreclosure rates nationwide.
More related Positive News
U.S. Foreclosures Decreases 6%
June 11, 2009 by admin
Filed under Positive Real Estate
RealtyTrac, reports in its just released May 2009 U.S. Foreclosure Market Report that foreclosure filings-default notices, scheduled auctions and bank repossessions-were decrease by 6% from the previous month.
California posted a 4% decrease in foreclosure activity from the previous month.
Default notices, scheduled auctions and bank repossessions in Florida were all down from the previous month.
Related articles:
- Foreclosures Slow 6 Percent in May (abcnews.go.com)
- U.S.home foreclosures fall in May (thestar.com)
More related Positive News
U.S. expands housing aid program
May 21, 2009 by admin
Filed under Positive Real Estate
Banks could get incentive payments for allowing borrowers to sell their homes at a loss rather than go through foreclosure under new guidelines issued Thursday for the Obama administration’s $75-billion housing plan.
The program, known as Making Home Affordable, focuses on paying lenders to modify distressed borrowers’ loans so that payments are cheaper.
http://www.latimes.com/business/la-fi-housing15-2009may15,0,7106579.story
