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Foreclosure Truth #22
Many foreclosure data sources send a clear message that consumers don't need Realtors in the foreclosure market. Instead, they unrealistically promote saving 50% on the buyer's next home.
In The News
Property tax revenue plummets with home values
01/25/2009
SF Gate
Consider that almost 250,000 homes in California were repossessed by lenders last year, according to ForeclosureRadar.com, and you get a sense of the mega dollars lost to the cities, counties, K-12 schools, community colleges and special districts that rely on property tax revenue.
Improvement seen in forceclosure picture
11/28/2008
Sacramento Bee
It's still early to speculate whether this might be the beginning of the end. No one wants to raise false hopes in a state that has already seen 275,000 households hand their keys back to the bank since January 2007.
AUDIO: Sticking To The Essentials In San Jose
11/10/2008
NPR - National Public Radio
Day-to-Day:
A working class Latino neighborhood in East San Jose is a great place to see the small and large impact this economic crisis is having on people. Hundreds of houses in the Mayfair neighborhood are being foreclosed, and people aren't buying more than essentials.
AUDIO: Foreclosure tracker offers solutions to housing meltdown
10/29/2008
Central Valley Business Times
Think you know what caused the housing meltdown and what it will take to dig out?
Prepare yourself for some out-of-the-box logic from a national expert on foreclosures that goes against much of what has been said.
ForeclosureRadar 2.0 launches with ramped-up foreclosure tools for professional investors and REALTORS®
10/21/2008
Press Release
ForeclosureRadar, which provides accurate, up-to-date information on the California foreclosure market, today launched version 2.0 of its online foreclosure platform. ForeclosureRadar 2.0 includes a host of new features and content aimed at helping professional real estate investors and REALTORS® make more informed decisions at every stage of the foreclosure process.
ForeclosureRadar releases free foreclosure search solution for real estate broker and agent websites
09/17/2008
Press Release
ForeclosureRadar which helps REALTORS® and professional investors participate confidently in the foreclosure process with accurate, timely information and tools, today released a new version of its FLX foreclosure property search solution. FLX - which functions just like an IDX search derived from the Multiple Listing Service - is available for real estate broker and agent websites as a free benefit with a standard ForeclosureRadar subscription.
Foreclosure auctions no place for amateurs
09/07/2008
San Francisco Chronicle
These auctions are not for amateurs - buyers must pay on the spot in cash (or cashier's check), clear title is not guaranteed, there are no inspections and no cooling-off periods.
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.