Tag Archives: Foreclosed Properties

Feds crack down on foreclosure auction scams

SAN FRANCISCO — At the height of the financial crisis, bargain hunters would gather each week on county courthouse steps to bid on foreclosed properties throughout Northern and Central California. The inventory lists were long, especially in hard-hit areas such … Continue reading

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Home Builder Stocks Soar as Housing Battles Back

But not all are bullish on the builders, especially those that concentrate in the formerly hard hit housing markets like Arizona and California. Inventories are low in these states and prices are surging largely because of huge investor demand for … Continue reading

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Foreclosure discounts shrinking away

Back in 2008 and 2009, foreclosed homes were selling for double-digit discounts, but nowadays savings are much slimmer, especially in some California cities, according to an analysis by real estate site Zillow. In Sacramento, buying a bank-owned property saves you … Continue reading

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Foreclosure Discounts Drying Up

As more investors vie for fewer foreclosed properties, prices are going up and great deals are getting scarce. Buyers of bank-owned homes in September got a 7.7 percent discount versus the same home in a non-distressed sale, according to a … Continue reading

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Housing Alert: Short Sales May Be in Big Trouble

As lenders plow through a backlog of over five million delinquent mortgages, short sales are becoming an ever more popular escape route. A short sale is when the bank allows a home to be sold for less than the value … Continue reading

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