Antelope Valley Real Estate Information and News
A place to get information and discuss Real Estate in Palmdale, Lancaster, Littlerock, Lake Los Ang
Trashing foreclosure homes may be on the rise
www2.tbo.com From the outside, the two story house in a quiet Seffner subdivision looks like a good investment. The grass is tall, it needs to be painted, but it's in foreclosure and the bank is willing to offer a discount to a buyer who will take it off their hands.
What about us? Responsible homeowners left out in the cold
http://money.cnn.com/galleries/2011/real_estate/1108/gallery.mortgage_refinancing_help/
money.cnn.com Responsible borrowers who have good credit and make their payments on time are being told that the only way they can refinance is if they start defaulting on payments.
Yahoo! Finance - Financially Fit
financiallyfit.yahoo.com A guide to saving smart and living well
Yahoo! Finance - Financially Fit
financiallyfit.yahoo.com A guide to saving smart and living well
Golden Poppy AV - Antelope Valley, Lancaster, Palmdale News, Press and Events Magazine: BEST Program
http://www.goldenpoppyav.com/2010/11/best-program-is-back.html
Golden Poppy AV - Antelope Valley, Lancaster, Palmdale News, Press and Events Magazine: A Magical BL
http://www.goldenpoppyav.com/2010/11/magical-blvd-celebration.html
Loan Delinquencies Still on the Rise
http://www.realtor.org/RMODaily.nsf/pages/News2010112203?OpenDocument
realtor.org The percentage of mortgage borrowers who were 60 days or more past due on their payments rose to 6.44 percent in the third quarter, up from 6.25 percent in the same period a year earlier.
FTC Is on the Attack Against Relief Scams
http://www.realtor.org/RMODaily.nsf/pages/News2010112202?OpenDocument
realtor.org The Federal Trade Commission has announced new rules to bar fees by foreclosure rescue or modification firms until home owners get written acceptance from lenders.
Home-Seizure Process Can Heal or Hobble Housing Market | RISMedia
http://rismedia.com/2010-11-15/home-seizure-process-can-heal-or-hobble-housing-market/
rismedia.com RISMEDIA, November 16, 2010—(MCT)—California and Florida had a lot in common during the housing industry's last boom-and-bust cycle. Both were overrun by
Bankrate: Mortgage Rates Return to Record Low Territory
It's a great time to buy a home with record low mortgage rates...
http://rismedia.com/lowes/8355/11012
The AV News Valley News
http://www.avnewstodayonline.com/AroundtheValleyPeatryReward.html
Media Alerts - Outback Steakhouse
http://www.outback.com/pressroom/pr_101018.aspx
Let all your veteran friends know about this...
outback.com Media Alerts for Outback Steakhouse
Foreclosure Crisis: Stealth Stimulus for Defaulters - Developments - WSJ
blogs.wsj.com Defaulting homeowners living in--or even renting out--their homes are getting a pretty tidy subsidy.
What Seniors Should Know before Modifying Mortgage | RISMedia
http://rismedia.com/2010-08-29/what-seniors-should-know-before-modifying-mortgage/
rismedia.com RISMEDIA, August 30, 2010—(MCT)—Maria Olmo doesn't like her chances of paying off her new, 40-year mortgage. I'll die before it's paid off, said Olmo, who
Fannie Mae Intensifies Penalties for Strategic Defaulters
http://www.dsnews.com/articles/fannie-mae-intensifies-penalties-for-strategic-defaulters-2010-06-23
dsnews.com In an effort to sway homeowners away from the growing trend of strategic default, Fannie Mae announced policy changes on Wednesday designed to encourage borrowers to work with their servicers and pursue alternatives to foreclosure. Under these changes, bo
*** Activity report for March 2010 *** 614 Homes sold with a median sales price of $130,000 and an average of 41 days on market. Of these homes 91 were listed as short sales with a median sales price of $140,000 and an average of 100 days on market. *** The median sales price remained the same as it was in march but the days on market increased by 17. Short sales were just over 15% of the market for the month. ** Ed.
*** Activity report for the week of April 15 to April 21. *** 150 new listings on the market with a median asking price of $131,500. - 41 of the new listings are short sales. *** 123 homes sold with a median sales price of $125,000. - 18 of the homes sold were short sales. -- Ed
*** Activity report for week of April 8 to April 14. *** 134 new listings on the market with a median asking price of $159,900 - 31 of the new listings are short sales. *** 122 homes sold with a median sales price of $148,500 - 17 of the homes sold were short sales. ** Ed
Calif. lawmakers pass housing-crisis tax relief - LA Daily News
California catches up with the Federal government...
http://www.dailynews.com/news/ci_14844950?source=rss
dailynews.com The Legislature passed a bill Thursday that could help many homeowners who were hurt by the housing crisis save thousands of dollars in taxes.
*** Report for week of April 1 to April 7. *** 158 Newlistings on the market with a median asking price of $140,000 - 32 of the new listings are short sales. *** 121 Homes sold with a median sales price of $125,000 - 19 of the homes sold were short sales.*** Ed
www.facebook.com
City of Lancaster's Low-Cost Pre School is Now Accepting New Students. Click link for more information.
http://www.facebook.com/home.php #!/note.php?note_id=418654306048&id=611687812&ref=nf
*** Report for Month of March 2010 *** There were 566 homes sold during March *** The Median home had 3 bedrooms, 2 bathrooms, 1691 SqFt., Was on the market for 24 days and sold for $130,000 ***
*** Report for week ended 3/25/10 *** 146 new listings on the market with a median price of $140,000 - 39 of the new listings are Short sales ** 118 Homes sold with a median price of $137,000 - 17 of the homes sold are Short sales **
What is a Short Sale? A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower.
How Many Homes Do Banks Have Up Their Sleeves? - Developments - WSJ
Here's a good article on what to expect with REO's for this year. http://blogs.wsj.com/developments/2010/03/19/how-many-homes-do-banks-have-up-their-sleeves/
Ed
blogs.wsj.com For those trying to figure out how much further U.S. house prices could fall, it would help to know how many more foreclosed homes banks need to sell. Here are three estimates.
Report for week ended 3/18/10 ** 130 New listings on the market with a median price of $159,450 ** 105 Homes sold with a median price of $140,000 **