In the News

Foreclosure widget connects agents with bargain hunters
April 9, 2008   Inman News

Data aggregator ForeclosureRadar on Tuesday made available a widget that allows real estate brokers and agents to provide information on foreclosed and bank-owned properties through their Web sites -- and keep the leads the search tool generates for themselves.

The search tool is currently available only for California, where ForeclosureRadar collects information on foreclosed properties. But the company expects to roll out its Foreclosure Listing Exchange (FLX) platform in other markets by the end of the year.

The Affluent, Too, Couldn't Resist Adjustable Rates
March 20, 2008   The New York Times

They took out adjustable-rate mortgages at the peak of the housing bubble to buy homes they would otherwise not be able to afford. Or they refinanced existing mortgages to take cash out. And now, two or three years later, the day of reckoning is here.

These are not lower- and middle-income borrowers, but more affluent consumers with annual incomes of $100,000 or more who are increasingly being ensnared in the home mortgage crisis.

Realty Viewpoint: Foreclosures Caused By More Than Subprime Loans
February 18, 2008   Realty Times

With FHA, Freddie Mac and Fannie Mae conventional loan limits being raised to nearly $730,000, the housing industry should be breathing a sigh of relief. Or are new conventional loan limits just a band-aid on the huge foreclosure wound?

VIDEO: 60 Minutes, House of Cards
January 27, 2008   CBS News

60 Minutes screenshotIn a 60 Minutes segment "House of Cards: The Mortgage Mess" that aired on Sunday, January 27, 2008, correspondent Steve Kroft stated "To get a real overview, you need to look at a map from Sean O'Toole's website, ForeclosureRadar.com, which tracks distressed properties in Stockton and other California communities."

Foreclosures hit new highs
Credit crunch starts showing up in the numbers
January 16, 2008   NC Times

December foreclosure sales in San Diego County quadrupled year over year, and statewide, sales of new homes in November dropped 55 percent from the previous year, according to three reports released Tuesday that analysts said indicate the state's housing recession will continue to worsen before it recovers.

Foreclosures jump in California
December sees 45.4 percent jump in notices of default over November
January 15, 2008   Central Valley Business Times

The pace of home foreclosures in the Central Valley and across most of California is quickening, a foreclosure information company says Tuesday.

There was a "gargantuan jump" in Notice of Default filings in December and "we're already observing a record pace of auction sales in January," says ForeclosureRadar of Discovery Bay.

VIDEO: As Goes Stockton
January 9, 2008   CNBC

A phenomenon happening in the foreclosure capital of America, reports CNBC's Jane Wells

State sees record number of homes go to foreclosure auctions, tracking firm says
January 8, 2008   The Modesto Bee

Monday was a record-breaking day for foreclosures in California.

A staggering 5,238 properties were scheduled to be sold in auctions on courthouse steps across the state, including 145 in Stanislaus County.

"This is the single largest day ever for foreclosures," said Sean O'Toole, owner of ForeclosureRadar, which tracks mortgage defaults throughout the state.

VIDEO: Houses up for auction double from last year
January 8, 2008   KCRA Channel 3 News

Experts tracking the trouble in the housing market say the number of foreclosures has doubled from what it was last year...

Every single weekday, outside the Stanislaus County court house, they read off addresses and prices of homes at auction...

Bargain houses largely unsold
Courthouse-step auctions offer 1,336 properties in foreclosure -- 17 are sold
December 15, 2007   The Modesto Bee

Another foreclosure record was set in November as 1,336 properties were offered to the highest bidder on the courthouse steps in Modesto, Merced and Stockton.

Now here's the real surprise: Only 17 of them sold, despite lenders offering deeply discounted prices.

Housing slump hits home in East S.J.
December 14, 2007   The Mercury News

The wave of foreclosures sweeping Santa Clara County has hit its Latino residents the hardest, stripping many first-time buyers of their homes and sending financial shock waves through the South Bay's largest minority community.

California sees record $5 billion in foreclosure sales
November 20, 2007   Central Valley Business News

October foreclosure sales increased by 40 percent from September with a total of 12,336 properties – with a loan value of $5 billion -- sold at auction statewide, according to figures compiled by ForeclosureRadar.

The Discovery Bay-based company operates a Web site that it says tracks every California foreclosure on a daily basis.

As Owners Feel Mortgage Pain, So Do Renters
November 18, 2007   The New York Times

In the foreclosure crisis of 2007, thousands of American families are losing their homes without ever missing a payment. They are renters in houses whose owners default on their mortgages — a large but little noticed class of casualties.

New site eyes California foreclosures
ForeclosureRadar.com provides interactive maps, other tools
August 16, 2007   Inman News

Just a couple of years ago, home sales and prices were soaring and home foreclosures were largely out of sight and out of mind in the California real estate market, save for a niche group of investors and real estate agents. Foreclosures in that state are now reaching epidemic proportions and are very much on the radar.

Once rare in valley, lender-owned homes on the rise
July 6, 2007   San Jose Mercury News

The increased presence of lender-owned homes in the market - known in the banking industry as REOs, for "real estate owned" - is fallout from the real estate fervor that marked the first half of this decade.

Tracking Foreclosures
June 14, 2007   KRON 4 News

Foreclosures are booming across the nation. One California investor has so much business that he's branching out...

Subprime Bondholders May Lose $75 Billion From Slump (Update2)
May 18, 2007   Bloomberg

Bond investors who financed the U.S. housing boom are starting to pay the price for slumping home values and record delinquencies in subprime loans. They will lose as much as $75 billion on securities made up of millions of mortgages to people with poor credit, says Pacific Investment Management Co...

Foreclosures soar with no signs of slowing
May 17, 2007   Sun Post

Foreclosures have picked up speed in San Joaquin County, where the number of homes to hit the auction block has reached more than 12 times last year's levels...

FLIPS AND FLOPS
Web site focusing on California market tracks foreclosures online for monthly fee
May 13, 2007   San Francisco Chronicle

Standing on the front steps of the Contra Costa County Courthouse in Martinez on a recent weekday, an auctioneer rattled off the vitals about foreclosed homes for sale, covering each one in mere seconds before commencing a rapid-fire bidding process. Each home had an opening bid price -- usually the amount owed on the mortgage, $580,579.61 in the case of one Brentwood house...

Find Foreclosures in Your Area with Free Foreclosure Search from ForeclosureRadar Exclusive Video from iTulip.com Shows How
May 8, 2007   Press Release

ForeclosureRadar™, a foreclosure listings and software company, today announced the availability of a video on the iTulip website (www.itulip.com) that shows how to use ForeclosureRadar's exclusive free search to quickly and easily find foreclosures in California. ForeclosureRadar is the only service in California that tracks each and every foreclosure auction throughout the state.

ForeclosureRadar Launches Unprecedented Foreclosure Tracking Services
May 1, 2007   Press Release

ForeclosureRadar, a foreclosure listings and software company, today debuted the first and only service to actively track every foreclosure auction in the State of California.

Prior to the availability of ForeclosureRadar, it was simply impossible to reliably follow foreclosures beyond the initial auction date. Since California law allows foreclosures to be postponed for up to one year, this created a significant black hole in prior foreclosure listing services. ForeclosureRadar fills that hole by tracking and reporting auction activity daily. To fully leverage this exclusive data, the company offers a comprehensive set of web-based tools for finding, evaluating and tracking foreclosure opportunities.

California Foreclosure Auctions Reach Record High
April 9, 2007   DSNews

Discovery Bay, California-based Foreclosure Radar, a foreclosure listings and software company, says the state of California has experienced a 264 percent increase in the number of foreclosed homes sold at auction in just the last six months.

California Foreclosure Sales Near $2 Billion in March
April 5, 2007   Central Valley Business Times

With the Central Valley leading the way, 5,316 homes were lost to foreclosure sales in March in California, according to figures compiled by Foreclosure Radar, a Discovery Bay-based foreclosure listings and software company...

WEBCAST: California Foreclosure Sales Accelerate
March 15, 2007   Central Valley Business Times

Home foreclosures in the United States being reported by the media likely understate actual foreclosure sales activity, according to Foreclosure Radar, a Discovery Bay-based foreclosure listings and software company.

Foreclosures on Upswing
March 14, 2007   Santa Cruz Sentinal

As of March 6 this year, trustee deeds, which transfer ownership of property in default, total 105 for Santa Cruz, Monterey and San Benito counties, an exponential increase from this time last year, when nine such deeds were recorded. Notices of default and properties in foreclosure have doubled in the three counties overall, with rates in Santa Cruz lower than in Monterey. A default notice is filed after homeowners are delinquent on mortgage payments.


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