Per foreclosureradar.com, September 2012 California Notice of Defaults were down 20.7 percent from the prior month, and down 48.1 percent compared to last year. There has been speculation that the banks would rush to clear inventory before the CA Homeowner Bill of Rights takes affect in January 2013, causing an increase in the number of foreclosures. Clearly this is not the case as we continue to see the number of Foreclosure Starts decline. Notice of Trustee Sales remains basically flat, up 1.9 percent from the prior month.
Just Sold on Rainier Street!
Welcome home!
This entertainer’s delight close-in hillside four bedroom home has lovely ocean views and a sparkling pool. It sings livability with a fabulously open layout, high ceilings and large spaces for family and friend gatherings, both inside and out.
If you, or someone you know, is thinking of moving, give me a call.
Home Prices On the Rise
According to the September issue of “The Economic Watch” by local Economist Mark Schniepp who has been a guest speaker at a Ventura County Coastal Association of Realtors general membership meeting, home prices are going up.
In Ventura County the median single-family home selling price in May-July, 2012 was $426,543 as compared to $412,230 in February-April, a 3.5 percent increase.
Credit Report Item That Scares Lenders
You pay your bills on time and never miss a payment. If you’re still having trouble with credit, something on your credit report could be scaring lenders. Different lenders zero in on different credit report items. So it’s entirely possible that, even for the same loan, no two lenders will see your credit history in exactly the same light. Here’s one item that could scare lenders: