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 and California bank owned sales drop significantly in last two months
Anyone who reads my blog knows I like to try to keep my readers informed not only on what is happening here in the Napa Valley as to real estate, but also statewide and occasionally nationwide. Thus the following article in the latest issue of Market Matters put out by the CALIFORNIA ASSOCIATION OF REALTORS® about bank owned sales, […]
Napa Valley foreclosures now are one half the peak of 749 seen in 2008
Has the Napa Valley real estate market finally turned. Based upon the number of foreclosures here in 2012 from the County of Napa, it truly seems so. Below is a graph showing the foreclosures countywide from 2004 to 2012. If we add up the years from 2007 to 2012, the real estate bubble era, […]
Think you can buy a foreclosure and still get a good deal, better think again
If I can help you find the perfect Napa Valley property, please email me Curtis@NapaValleyAddress.com Foreclosure discount declines to 7.7 percent nationwide in September An analysis by Zillow shows that home buyers nationwide could expect a discount of 7.7 percent in September when buying a bank-owned home compared with the same home in a non-distressed […]
Update on shadow inventory & foreclosure sales for the country
If I can help you find the perfect Napa Valley property, please email me Curtis@NapaValleyAddress.com Shadow inventory continues to decline CoreLogic reported this week that the current residential shadow inventory fell to 2.3 million units, representing a supply of six months, as of July. This was a 10.2 percent drop from July 2011, when shadow […]
Heard about the government selling foreclosed homes in bulk? It’s happening
If I can help you find the perfect Napa Valley property, please email me Curtis@NapaValleyAddress.com FHFA announces winning investor in Chicago REO pilot initiative The FHFA announced this week that The Cogsville Group, LLC has purchased 94 Fannie Mae properties in Chicago as part of a REO pilot initiative. All properties were sold near or […]
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