From a peak of 1,555 Napa Valley residential foreclosures in 2,009, only a total of 71 homeowners were foreclosed on last year. This is the lowest number of foreclosures since 2006 when only 22 homeowners suffered this fate. Even though only 71 lost their homes in 2014, 188 property owners received a notice of default. […]
Napa Valley foreclosures down but still too many
I was reading last Monday’s Napa Valley Register and the lead story was one by Jennifer Huffman, “Napa County foreclosures cut in half in 2013“. For those that read my posts regularly, you know I like to look at what is happening today to the distressed sale situation here in the Napa Valley. Currently in Bareis, […]
Napa Valley cash buyers and distressed sales almost back to pre bubble level; same for California
Anyone who is trying to buy a home today knows how tight the supply of availables homes for sale is. Even though things are improving some, the low inventory makes it hard to buy a home priced close to the Napa County median price of $455,000. One good fact, the number of cash buyers in […]
Nationwide number of months of distress sales inventory on the rise, Napa Valley on the decline
I read this article in the latest issue of Market Matters put out by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) and was surprised by how many distressed sales are still out there. I know C.A.R. predicts in 2014 there will 55,000 short sales in California so maybe this number of months of distressed inventory should not be a surprise. All […]
Napa Valley cash buyers drop to under 30% of all home sales
I read this headline in an article by Jennifer Huffman, All-cash buyers cut swath through Napa housing market, on the June 16th front page of Napa Valley’s largest circulation newspaper, the Napa Register. The article went on to state cash buyers are now about 25% of the buyers here in the Napa Valley real estate market down from […]
Short sale changes in the news; HARP extended to 12/31/15 and B of A revises their requirements
There has been a lot of events happening in the world of short sales just recently. The Federal Housing Finance Agency (FHFA) recently directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program (HARP) by two years to Dec. 31, 2015. The program was set to expire Dec. 31, 2013. HARP is federal […]
Solving your financial problems via bankruptcy, there are several considerations you need to take into account
Having financial problems and thinking about your options. If bankruptcy is one of them you might want to read on. This article about bankruptcy was in a recent issue of Market Matters put out by the CALIFORNIA ASSOCIATION OF REALTORS® and given all the new laws and news about this important topic caused me to want to post this […]
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