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 […]

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 […]

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. […]

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 […]

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.