Shirley Kistler's Real Estate Blog: Serving your Real Estate Needs in Sacramento, Placer and El Dorado Counties » Foreclosures http://shirleykistler.com Wed, 25 Jan 2012 09:00:08 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 August Foreclosure Statistics http://shirleykistler.com/2011/10/07/august-foreclosure-statistics/ http://shirleykistler.com/2011/10/07/august-foreclosure-statistics/#comments Fri, 07 Oct 2011 08:00:01 +0000 Shirley Kistler http://skistler.blogs.rwnetwork.com/?p=890 Foreclosure filings rose in August, as more homeowners fell behind on their mortgage payments.  

Filing were up 7% compared to July, but were still 33% lower than a year ago. 

According to Realty Tract’s report, 228,098 homes in the US received some kind of foreclosure filing in August.  Foreclosure auctions and bank repossessions, which come later in the process, both fell slightly. 

The increased in default notices may signal that lenders are starting to finally push through foreclosure paperwork that was previously delayed by “robo-signing”. 

The good news is that bank repossessions have been falling.  Lenders repossessed 64,813 homes in August, a six-month low and a 37% decline after they hit a peak in September last year. 

Meanwhile, foreclosure auctions were scheduled for 84,405 homes, the lowest number in more than three years. 

Nevada, California and Arizona housing markets are the hardest hit by foreclosures. 

Information from CNNMoney.com

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]]> http://shirleykistler.com/2011/10/07/august-foreclosure-statistics/feed/ 1 Bank Owned Properties on the Decrease? http://shirleykistler.com/2010/07/25/bank-owned-properties-on-the-decrease/ http://shirleykistler.com/2010/07/25/bank-owned-properties-on-the-decrease/#comments Sun, 25 Jul 2010 08:00:21 +0000 Shirley Kistler http://skistler.blogs.rwnetwork.com/?p=460 Mortgage defaults in California have fallen to their lowest level in three years, market researcher MDA DataQuick said Wednesday.   In the Sacramento region, home defaults have dropped 38 percent in the past year. 
 
Some of the drop-off may reflect an increase in short sales, in which troubled homeowners sidestep the foreclosure process but still lose their homes. But experts said it’s also a sign of a housing market that’s genuinely improving.

Read more: http://www.sacbee.com/2010/07/22/2907031/mortgage-defaults-fall-as-short.html#ixzz0uRshD0Rm

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]]> http://shirleykistler.com/2010/07/25/bank-owned-properties-on-the-decrease/feed/ 0 Taking advantage of today’s low Sacramento interest rates http://shirleykistler.com/2010/07/22/taking-advantage-of-todays-low-sacramento-interest-rates/ http://shirleykistler.com/2010/07/22/taking-advantage-of-todays-low-sacramento-interest-rates/#comments Thu, 22 Jul 2010 22:50:07 +0000 Shirley Kistler http://skistler.blogs.rwnetwork.com/?p=267
Ranch style home in North Salinas, California
Image via Wikipedia

In the past 32 years working in the real estate industry, I have not experienced a 4-1/2 % interest rate on a 30-year fixed rate loan.   It is time to give a lot of thought to purchasing a  home in this market. 

Are you concerned that  home values may decline?   

Sure, it is possible but will you ever see 4-1/2% again?   That equates to $450 for every $100,000 in the purchase price of your home.  Can you rent for that monthly payment?  I doubt it.  Lets also not forget the tax benefits of owning your own home and the freedom of making your house a home for you and family.

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