In The News

Banks Playing 'Foreclosure Roulette' With Delinquent Homeowners

09/01/2010 Huffington Post

Banks don't want to recognize losses by having to put homes on the market at foreclosure-sale prices, but they don't want to encourage borrowers to quit making payments either, so, O'Toole believes, they randomly foreclose on some people to prevent widespread "moral hazard."

 

Foreclosure Roulette

08/31/2010 Inman News

A game of extend and pretend--foreclosures will trickle out over a very long time rather than come as a wave of foreclosures as others continue to inaccurately predict.

 

Professional investors move into flipping foreclosed homes

08/20/2010 Los Angeles Times

Squeezing out amateurs, private equity funds and wealthy individuals are buying distressed properties at public auctions, refurbishing them and selling them for quick profits.

 

What's REALLY going on with banks and the government?

08/16/2010 Sacramento Bee

As the housing market downturn and foreclosure mess runs on and on, it's almost impossible to fathom some of the behavior that keeps occuring.

 

No New Foreclosure Wave in Sight for California: Report

08/13/2010 DSNews.com

Even with the up-and-down wave of indicators and some analysts predicting another setback in housing, ForecloureRadar says it doesn’t expect the foreclosure picture in the Golden State to worsen.

 

Bank-owned inventory shrinks in California

08/12/2010 Inman News

More borrowers negotiating loan mods, short sales.
Inventories of bank-owned properties in California registered double-digit declines in July compared to a year ago, according to the latest numbers from data aggregator ForeclosureRadar.

 

West Nile virus thriving this summer

07/29/2010 The Sun

Min-Lee Cheng is not in the market for a new home, but the West Valley Mosquito and Vector Control District's manager peruses ForeclosureRadar.com on a regular basis. Abandoned properties with pools are Cheng's prime target - as homeowners move out, mosquitoes often move in.

 

Santa Clara County's high-end houses hit in foreclosure crisis

07/13/2010 San Jose Mercury News

The foreclosure crisis, now well into its third year, has moved upscale as a growing share of people in homes worth at least a million dollars fall behind on their mortgage payments.

 

Big risks, rewards in home 'flipping'

06/23/2010 Sacramento Bee

How banks and buyers operate in a distressed real estate market.

 

Lawmakers battle over foreclosure remedies

06/20/2010 The Press Enterprise

The tug of war between the lending industry and people pushing for new borrower protections is still going strong at the state Capitol.