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Connor MacIvor
REMAX – Paris911.com
25101 The Old Road, Santa Clarita, CA 91381
I put your needs First. Our Clients are the reason we are in business and that is never forsaken, NEVER!

Phone: 661-513-4620
Email: connor@paris911.com

August 2010 Vol 4 Issue 17
Foreclosure Market Trends Report
6 month National Foreclosure Trends
NOD
NTS
NFS
LIS
REO

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Foreclosure Activity Increases 4 Percent in July

Foreclosure filings were reported on 325,229 properties in July, a nearly 4 percent increase from the previous month but a nearly 10 percent decrease from July 2009, according to the RealtyTrac U.S. Foreclosure Market Report. One in every 397 U.S. housing units received a foreclosure filing during the month. “Declines in new default notices, which were down on a year-over-year basis for the sixth straight month in July, have been offset by near-record levels of bank repossessions, which increased on a year-over-year basis for the eighth straight month,” said said James J. Saccacio, chief executive officer of RealtyTrac. Complete Story

Can Pension Cash Save A Home?

By Peter G. Miller

At a time when a lot of households are in deep financial trouble, the U.S. is awash in cash. The sums available are staggering, trillions of dollars, including a large number of dollars in pension accounts which in some cases can be used to buy houses, purchase investment property and save homes from foreclosure. Complete Story

Here are some of the most recent Investment opportunities in the area.

Pre-Foreclosure
Maple Tree Ct
Valencia,
CA 91381
  • Market Value
  • Default Amount
  • $663,420
  • $45,123
  • Beds/Bath
  • Sq. FT
  • 4/4
  • 2,725

Property Type Address Market Value Default Sq. Ft.  

Bank-Owned
Hardy Pl,
Stevenson Ranch, CA 91381
$520,000 N/A 2,436 GET DETAILS

Auction
Auction Date: 8/30/10
Wilde Ave,
Stevenson Ranch, CA 91381
$629,269 N/A 2,678 GET DETAILS
View more properties in Los Angeles County

Local Agents Facilitate Long-Distance Foreclosure Purchases

Two buyers looking for a foreclosure bargain in unfamiliar territory relied on local agents to help them successfully narrow down their list of properties and eventually complete a successful purchase. Arthur Korman, a real estate investor from Tulsa, Okla., bought a bank-owned REO in Las Vegas for a 50 percent discount and now only pays $320 a month for his mortgage. Susan Tripp of La Mirada, Calif., helped her firefighter son, who was transferring from Indiana, purchase a “tremendous property” in Southern California.

Complete Story

Foreclosure Trends : June, 2010
National California Los Angeles CTY
NODs 38,033 25,068 4,860
NTSs 93,328 31,045 6,455
NFSs 38,761 0 0
LISs 58,194 0 0
REOs 85,527 13,001 2,102
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Foreclosure Terms

Notice of Default (NOD)

A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD

Lis Penden (LIS)

Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS

Auction / Notice of Trustee’s Sale (NTS)

A filing by notice announcing a public auction. More about NTS

Notice (Judgment) of Foreclosure Sale (NFS)

An order signed by a judge directing to sell the property at public auction. More about NFS

Real Estate Owned (REO)

The final step in foreclosure process in which property ownership returns to lender. More about REOs

  30 yr fixed mtg 4.36% 15 yr fixed mtg 3.86% 5/1 ARM 3.56%

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