Showing posts with label foreclosure. Show all posts
Showing posts with label foreclosure. Show all posts

Tuesday, April 6, 2010

Fed fears growing foreclosures

Minutes of the March 16 gathering of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System reveals a foreclosure fear …

Participants were also concerned that activity in the housing sector appeared to be leveling off in most regions despite various forms of government support, and they noted that commercial and industrial real estate markets continued to weaken. Indeed, housing sales and starts had flattened out at depressed levels, suggesting that previous improvements in those indicators may have largely reflected transitory effects from the first-time homebuyer tax credit rather than a fundamental strengthening of housing activity. Participants indicated that the pace of foreclosures was likely to remain quite high; indeed, recent data on the incidence of seriously delinquent mortgages pointed to the possibility that the foreclosure rate could move higher over coming quarters. Moreover, the prospect of further additions to the already very large inventory of vacant homes posed downside risks to home prices.

Read all of the FOMC minutes HERE!

Lending trends:

Posted via web from The Newport Beach Blog

Friday, March 19, 2010

Homes in 15 Orange County cities get foreclosure dates

First, in recent foreclosure news:

Often these homes revert to the lenders, who eventually put them back on the market. Sometimes the homes are bought by investors and resold.

Foreclosures affect more than the homeowners involved. They can impact entire neighborhoods. At the very least, they can affect nearby home sales.

All of these homes and addresses have been listed in the public notices, as required by law.

For auction info, click on city:

Posted via web from The Newport Beach Lifestyle

HVAC boot cleared of Asbestos in Los Angeles