From foreclosureradar.com: Reversing a four month declining trend, Notice of Default filings rose 6.9 percent month-over-month in California, while Notice of Trustee Sale filings dropped 13.8 percent from the prior month. Foreclosure filings year-over-year show only...
Month: February 2011
Option-ARM Update
From bloomberg.com: This was the year thousands of U.S. homeowners with option adjustable-rate mortgages were supposed to default as their payments spiked. Low interest rates and a surge of early delinquencies mean the numbers probably won’t be as bad as forecast,...
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Valentine’s Heartache
osidebuyer snapped this photo at Bressi Ranch today:
Another Blow to MERS
Hat tip to JimG for sending this along, from bloomberg.com: Merscorp Inc., operator of the electronic-registration system that contains about half of all U.S. home mortgages, has no right to transfer the mortgages under its membership rules, a judge said. U.S....
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Million-Dollar Sales Up
From HW: Although California home sales overall dipped during 2010, the more high-end home sales — those sold for $1 million or more — climbed upward for the first time in five years. Last year, 22,529 homes sold for $1 million or more, up 21% from 18,621 in 2009 and...
Middle-Upper-End CV
There haven't been that many higher-end REOs around Carmel Valley - in the last four years there have only been 48 million-dollar houses foreclosed in 92130. In the same time period, there have been 659 MLS sales over $1,000,000 in the CV:
January’s Median Price-per-SF
From our friend Rich Toscano, as published at the www.voiceofsandiego.org: The first month of 2011 was unkind to home prices, at least as measure by the median price per square foot of resale homes sold during the month. From December to January, this measure of home...
Navy’s Parade of Flight
This youtube captured the Navy's Parade of Flight yesterday with extra zoom - go full screen: