In The News

Sean O'Toole's got the details on California foreclosures

06/08/2008 Los Angeles Times

His website ForeclosureRadar.com lists every auction, default and foreclosure in the state for would-be buyers, brokers and officials. But, he says, 'I'm an investor, not a speculator.'

 

Silver lining in foreclosure cloud

06/01/2008 San Francisco Chronicle

People who thought they could never afford a home here are buying foreclosed houses at huge discounts, sometimes more than half off the stratospheric heights they reached just a couple of years ago.

 

Number of foreclosures surging in South Bay, throughout state

05/14/2008 Mercury News

Last month's foreclosures totaled 22,838 statewide, according to ForeclosureRadar.com, a Discovery Bay company that provides such information to subscribers. That's an average of 1,038 foreclosure auction sales occurring each business day in April, said company President and founder Sean O'Toole.

 

Foreclosure flood: 1,000 auctions per day in California

05/13/2008 LA Times

California's foreclosure crisis passed another ominous milestone in April, when more than 1,000 foreclosed homes were auctioned off every weekday at courthouses across the state, the auction tracking firm ForeclosureRadar reported today.

 

Foreclosure widget connects agents with bargain hunters

04/09/2008 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

03/20/2008 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

02/18/2008 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

01/27/2008 CBS News

In 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

01/16/2008 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

01/15/2008 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.