Check out this article for the latest news on Marin homeowners who are underwater. More than you thought? Fewer? Share your thoughts....
Showing posts with label Notice of default. Show all posts
Showing posts with label Notice of default. Show all posts
Thursday, August 11, 2011
Monday, July 18, 2011
Foreclosure Database
Because of the seemingly never-ending fascination with distress sales, we thought we'd again offer up the link to the Marin County foreclosure database.
As always, we add the caveat that many homes that are in the foreclosure process, especially those that have received a Notice of Default, may never be offered for sale. In some cases, homeowners have "deliberately" gone into default as part of a strategy to achieve a loan modification.
More advice...be cautious when pursuing foreclosures. Auctions on the court house steps are the first place that novices stumble. But even when purchasing through an agent, disclosures are limited and contracts tend to heavily favor the bank's interests. Do your risk/reward calculations carefully. And, as ever, please buy and sell real estate responsibly. We're always here to help.
As always, we add the caveat that many homes that are in the foreclosure process, especially those that have received a Notice of Default, may never be offered for sale. In some cases, homeowners have "deliberately" gone into default as part of a strategy to achieve a loan modification.
More advice...be cautious when pursuing foreclosures. Auctions on the court house steps are the first place that novices stumble. But even when purchasing through an agent, disclosures are limited and contracts tend to heavily favor the bank's interests. Do your risk/reward calculations carefully. And, as ever, please buy and sell real estate responsibly. We're always here to help.
Friday, February 19, 2010
Rubber-necking Real Estate
Sometimes it's hard not to look. If you're curious to know more about foreclosures in Marin, check out the IJ's forclosure database. Please note, however, that while this information is public, it's also personal. Let decency prevail. You should also know that many home listed as "in the foreclosure process," will never become bank-owned. These days, most people attempting to do loan modifications are being advised to go into default on their mortgages. This starts the foreclosure process. In many of these cases, the lenders will modify the loan before the house is reposessed and the owners will remain in possession.
Thursday, July 23, 2009
Put On Notice
The Dow cracked 9000 today. Ford turned a quarterly profit. Home resales were up 3.6%. All good news, right? Yes. But...
The broader economy my be starting to recover, but there are some troubling signs that our local real estate market may still have a way to go.
Specifically, Marin and San Francisco, which have had lower foreclosure rates than almost all other counties in the state, may not be immune much longer. An article in today's Chronicle indicates that Notices of Default (the firstpart of the foreclosure process) are up 30%-40% in San Francisco and Marin. This is a distressing sign.
The broader economy my be starting to recover, but there are some troubling signs that our local real estate market may still have a way to go.
Specifically, Marin and San Francisco, which have had lower foreclosure rates than almost all other counties in the state, may not be immune much longer. An article in today's Chronicle indicates that Notices of Default (the firstpart of the foreclosure process) are up 30%-40% in San Francisco and Marin. This is a distressing sign.
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