In The News

August foreclosure filings fall

09/15/2009 Sacrament Business Journal

California foreclosure filings in August dropped both month-over-month and year-over-year, while the inventory of properties scheduled for foreclosure sale continued to grow and foreclosure sales were flat, according to a report by ForeclosureRadar.

 

Sorting through the foreclosure mess

09/04/2009 San Jose Mercury News

Sean O'Toole, who spent 15 years working at software companies...started ForeclosureRadar in 2006, predicting that a high tide of foreclosures was on the way, and "people would need tools to track this stuff."

 

Why the ‘Wave’ of Foreclosure Listings Might Never Happen

08/21/2009 Wall Street Journal - Digital Network

For weeks, even months, real-estate professionals have been asking the same question: when will the so-called shadow inventory of homes in the process of foreclosure finally hit the market?

 

America's housing market: Where it all began

08/20/2009 The Economist

Signs of stabilisation should not obscure the big problems still ahead.

 

Looks Like Rain in California: ForeclosureRadar

08/12/2009 HousingWire.com

The overall forecast for the California housing market remains bleak. The clouds had yet to break in July, but look heavy with a record volume of foreclosure sales waiting to flood the market.

 

California Foreclosures Set for Liftoff?

08/12/2009 Wall Street Journal - Digital Network

Lookout, below. California could get hit by a new wave of foreclosure sales.
Notices of default, which mark the first step in the foreclosure process, fell by 1.5% in July from June but increased by 12% from one year ago, according to ForeclosureRadar, which tracks California foreclosure sales.

 

Foreclosure backlog keeps building

08/11/2009 Los Angeles Times

July stats from ForeclosureRadar show that the backlog of California homes in default, but not yet repossessed, keeps growing.

At some point, many of these properties will be repossessed and put back on the market. Some may be kept by the current owners through loan modifications, but that hasn't happened much so far. Until then, they remain clogging the system as "shadow inventory," most likely to be foreclosed and sold again.

 

Banks moving slowly on foreclosures

07/14/2009 Los Angeles Times

Despite being exempt from California's foreclosure moratorium, many lenders in June chose not to schedule foreclosure auctions for delinquent borrowers, data from ForeclosureRadar shows.

 

S.F. has lowest foreclosure sales rate in state in June

07/14/2009 San Francisco Business Times

San Francisco logged 70 foreclosure sales in the month of June, the fewest number of sales per population of any county in California, but still a 19 percent jump over May.

 

New foreclosure rules to start Monday

06/13/2009 Sacramento Bee

After a severe economic storm of more than 365,000 California foreclosures since early 2007, the state's long-awaited 90-day foreclosure moratorium law goes into effect Monday.

But it doesn't mean foreclosures will stop.