Posts Tagged ‘Real estate’

Fewer local, state homeowners entered foreclosure process last quarter

By Robert Lewis
rlewis@sacbee.com
Published: Tuesday, Apr. 19, 2011 – 11:13 am

The number of homeowners entering foreclosure dropped sharply regionally and statewide last quarter, according to new figures LaJolla-based researcher DataQuick Information Systems released today.

Notice of default filings dropped 19 percent in Sacramento County last quarter when compared to the first quarter of 2010. Statewide the drop was 15.8 percent.

In all 68,239 notices of default – the first step in the foreclosure process – were filed statewide from January through March. That’s the lowest quarterly total since the second quarter of 2007 when 53,493 notices were recorded, according to DataQuick.

“Lenders and servicers have put various temporary holds on foreclosure filings while they work on procedural issues and respond to regulatory and legal challenges. It’s unclear how much of last quarter’s decline can be attributed to market factors and strategic decisions, and how much can be attributed to the formalities of the foreclosure process,” John Walsh, DataQuick’s president, is quoted as saying in a press release accompanying the figures.

The actual number of completed foreclosures – based on the number of Trustee’s Deeds recorded – was up less than 1 percent statewide. In Sacramento County, there were nearly 3,100 foreclosures, an increase of 7.2 percent year over year.

The DataQuick figures come a week after another researcher, RealtyTrac, released its own foreclosure figures. That company also showed a drop in filings. RealtyTrac has, however, taken a pessimistic view of the decline – saying there is a backlog and that there could be a spike of foreclosure activity in upcoming quarters.

To see more DataQuick figures visit the firm’s website at www.dqnews.com.

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Foreclosure sales increase in March

March foreclosure sales rose 35.1 percent in California, according to the latest ForeclosureRadar report. 

Notice of Default filings in California rose to their highest level since October 2010, up 17.3 percent month-over-month to 26,615 filing. Notice of Trustee Sale filings declined for the third consecutive month, down 3.3 percent overall from February.  Year-over-year foreclosure filings were down with Notice of Default filings falling 19.7 percent and Notice of Trustee Sale filings dropping 31.0 percent from March 2010. 

After a slow February, foreclosure sales rose with sales Back to Bank (REO) up 28.6 percent and properties Sold to 3rd Parties, typically investors, jumping 61.5 percent. On a daily average basis those increases were just 5.0 percent for sales Back to Bank (REO) sales and 24.3 for properties Sold to 3rd Parties. The average Time to Foreclose continues to climb, up 4.1 percent month-over-month to 302 days, a significant 83.4 percent increase year-over-year, and a new record.

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Searching Homes for Sale in San Jose CA

If you are looking for homes for sale in San Jose CA, let me tell you that you can have some of the best deals in the city when it comes to real estate and you should be prepared to enjoy a dry climatic condition throughout the year. The city of San Jose enjoys a subtropical Mediterranean climate that ensures that the land basks in sunshine for more than three hundred days in a year. The city experiences little rainfall and snow fall is rare. The winters and springs are green with vegetation and the hillsides are beautiful to behold during the seasons; the summers are comparatively dry. It tends to be warm in summer and cool during the winter months. With a fine weather combined with high economic growth and educational opportunities, the city is a hot destination among professionals and students across the world.

If you are hoping to relocate to the city for any reason whatsoever, the good news for you is that there are various homes for sale in San Jose CA available for you to choose from. Make sure that you access the internet, www.carolpefley.com,  to find the latest MLS home listings.  You just have to fill in the preferred locations in San Jose and the range of price within which you mean to buy the property. You also have the option to mention the type of house you are looking for and the number of bedrooms and baths to narrow down the scope of your search to more relevant results.

The information about best deals of homes for sale in San Jose CA is available with the experienced local real estate agents, such as myself. Using an experienced realtor is the best way purchase a property as they are the experts in the field and have negotiated multiple real estate transactions. 

A local San Jose realtor can be of immense help while you are searching for homes for sale in San Jose CA.   Realtors such as myself have been in this industry for long time, so they have good contacts and resources and  are familiar with the properties and homes in San Jose CA area.  I know how to tackle the paper work and can help simplify your home searching and house buying procedure significantly.

Feel free to contact me for all your real estate needs.

Written by Carol Pefley

www.carolpefley.com

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How to Sell Real Estate in San Jose

San Jose is the third largest city in California. San Jose is the largest city in the San Francisco Bay Area. Some exciting places to visit include a number of museums, Raging Waters which is the largest water park in the Bay area and Santana Row, which is a shopper’s paradise. San José has a world-renowned quality of life, offering a wide variety of exciting cultural, recreational, educational and entertainment opportunities. Also the city has the nation’s best public safety record of any metropolitan area, a marvellous ethnic diversity and a beautiful climate; reasons which have led to more and more people settling down there and hence a flourishing real estate in San Jose CA.

If you are planning on selling your property in San Jose CA, the first thing you should ask is “how much is my home worth?” Up to date information on CA real estate gives you the best chances of selling your home. You could log on to real estate websites such as www.carolpefley.com,  and do some research first before hiring a real estate agent to list your home. 

A realtor can help you sell real estate in San Jose CA. Since realtors come with experience they can help you get the best deal in the shortest period of time. Their marketing plan can give your home optimum degree of visibility in short order. They can bring the best marketing and negotiation skills to the table. They work very closely with you to make your property more marketable, helping you to price it correctly, qualifying buyers and reviewing the offers. They help you to minimize the stress with clear accountability and regular progress reports.

 Successfully selling real estate in San Jose CA requires a lot of consideration to the condition of the house. All the cleaning and prepping can be worth the effort. There are also things to consider while getting a service from a realtor. The seller is the one who pays for the realtor and not the buyer; these are the most important things you should know.

Written by Carol Pefley

www.carolpefley.com

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Homes for Sale in San Jose CA

 San Jose in California is the third largest city of the State. In the entire US, it is the 10th largest city and is located in south of San Francisco bay. It is home to about 7.5 million people and when it started of, it was more of an agricultural land. The quality of life and the various opportunities it offers is world-class. San Jose has a proud record of superb public safety, pleasant climate and various ethnicities. In the real estate sector, there are many new homes for sale in San Jose CA. Due to the vast land use by the city’s commercial and industrial sectors there is an increased land re-development that has taken place. This has led to land being used for large scale home construction. From townhomes, condos to villas, there are a whole variety of homes for sale in San Jose CA.   

If you are looking for homes for sale in San Jose CA, you can start out by looking at my website link below.

Listings usually include the description of the site on sale, its neighbourhood, area map, photos of the property, area size and the sale price. You will get the benefit of choosing from new or old homes for sale in San Jose CA.  

My website also offers online user-friendly search tools, to make your search faster and comprehensive.           

Some things to keep in mind while looking for your next home is doing your research:  The very first one is the budget you have decided for the home purchase. The amount of investment that you want to make will largely influence your decision making process. The second thing is the location of your choice. The price of the place will vary, depending upon the location. The third point includes the specific features of the house that you may be on the look out. If you are unable to find each of these conditions fulfilled at one place, then you need to find a harmonious balance between all of them.  

Written by Carol Pefley

www.carolpefley.com

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