In The News

VIDEO: As Goes Stockton

01/09/2008 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

01/08/2008 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

01/08/2008 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

12/15/2007 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.

12/14/2007 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

11/20/2007 Central Valley Business News

October foreclosure sales increased by 40 percent from September with a total of 12,336 properties ñ 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

11/18/2007 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 ó a large but little noticed class of casualties.

 

New site eyes California foreclosures - ForeclosureRadar.com provides interactive maps, other tools

08/16/2007 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

07/06/2007 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

06/14/2007 KRON 4 News

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