Real Estate Articles


California Foreclosures to Rise in 2011

It seems 2011 is set to be the peak year in foreclosures so far. Nearly 5 million borrowers are now behind on their mortgages for two months or more, and real estate experts say even more people will miss mortgage payments in 2011 because of job losses and mortgages that are too large. Many foreclosures […]

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Bankrupt California Coastal to Peddle Their Restructuring Plan

California Coastal Communities, Inc., a residential land development and homebuilding company in Southern California, says that the United States Bankruptcy Court for the Central District of California has scheduled a hearing on February 16, 2011 to consider confirmation of the company’s plan of reorganization with respect to its Chapter 11 bankruptcy cases.

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Sales of Southern California Homes Dropped in November

According to San Diego research firm MDA DataQuick, sales of Southern California homes fell to their second-lowest level for a November in at least 18 years. Approximately 16,208  houses and condominiums sold in the counties of Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange county last month. November figures also show that the median […]

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2011 Foreclosures Expected to Increase

The number of foreclosures is expected to increase in 2011 as more mortgage defaults work their way through the pipeline. Rick Sharga, a senior vice president for RealtyTrac, said there were approximately 1.2 million bank repossessions in 2010, 900,000 in 2009, and “We expect we will top both of those numbers in 2011,” he said. […]

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Renting versus Buying in California

One of the sites we often follow is  Patrick.net, operated by Patrick Killelea. From his years of covering the California real estate market, Patrick says there is an easy mathematical computation you should perform to determine whether you should be renting or buying a CA home. Here’s the formula: According to Patrick, a BAD deal […]

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Orange County Housing Prices Sink, Sales Drop

According to MDA DataQuick, the median price of an Orange County home dropped to $438,000 last month. The median price of an Orange County condo fell 11.7% from last year’s levels to $280,000, while the median price of a newly built home decreased 1.1%. Approximately 2,298 Orange County homes were sold in October, which is […]

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These California Cities Are Teeming With Underwater Mortgages

Zillow reports that 23% of mortgages are now underwater, meaning 23% of all home mortgages now have negative equity. When this happens, home owners often decide to simply get up and walk away, saying it is not worth continuing to pay for a home that has dropped so much in value. When people stop paying […]

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Home values accelerated their decline in September

Zillow released a report wrapping up the state of the real estate market in the third quarter. It seems that 23.2% of all mortgaged homes are now underwater. That’s nearly a quarter of all mortages. Foreclosures have also reached an all-time high as of the end of September.  RealtyTrac’s October figures showed that 322,000 properties […]

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Home Foreclosures Centered in 5 States

Over half of America’s foreclosures are due to mortgages gone sour in just 5 states. These are: Nevada (14,205 properties in foreclosure) Florida (56,835) Arizona (16,538) California (66,475) Michigan (19,288) Yes, our state of California is on the list.

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Bank of America Extends Foreclosure Freeze Nationwide

GMAC, JPMorgan Chase, Bank of America and now Litton Loan Servicing have suspended the mortgage foreclosure process in countless states, Bank of America now extending its freeze nationwide. Attorney generals in various states, as well as lawyers working on class action suits, are alleging countless details of possible mortgage fraud including faked Social Security numbers, […]

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