In The News

Subprime Bondholders May Lose $75 Billion From Slump (Update2)

05/18/2007 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

05/17/2007 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

05/13/2007 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

05/08/2007 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

05/01/2007 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

04/09/2007 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

04/05/2007 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

03/15/2007 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

03/14/2007 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.