Topic: California

Bank repossessions drive up July foreclosures

NEW YORK (Reuters) - More Americans fell into foreclosure in July as a sour job market kept them from making payments, and banks took over homes at a near record pace. Banks repossessed the second highest monthly number of homes ever last ...

Trend of U.S. mortgages "underwater" drops: Zillow

NEW YORK (Reuters) - A smaller percentage of U.S. homeowners were saddled with "underwater mortgages" in the second quarter as more homes entered the foreclosure process even as price declines slowed, real estate website Zillow.com said on Monday. Fewer homeowners with so-called ...
Report: Most large US metro areas saw spike in foreclosure warnings between January-JuneHouseholds across a majority of large U.S. cities received more foreclosure warnings in the first six months of this year than in the first half of 2009, new data shows. ...
Firm: Median home price in California jumps 21 percent in May from previous yearThe median home price in California last month surged 20.9 percent from May 2009 to $278,000, as inventories of low-cost foreclosures dwindled and transactions in mid-range and high-end neighborhoods ...
Southern California median home price up 23 percent in May from year agoThe median home price in Southern California last month rose 22.5 percent from a year earlier and topped $300,000 for the first time in 20 months, as sales continued shifting ...
May foreclosure notices level off but remain high; banks give delinquent borrowers more timeThe foreclosure crisis appears to be leveling off. The number of people facing foreclosure is nearly flat from a year ago, according to the latest report from a private ...
Southern California median home price up 15 percent in April from year-ago low pointHome sales in Southern California declined last month for the first time in nearly two years, as buyers appeared to time their purchases to cash in on a state ...

April foreclosures ebb, suggesting high plateau

NEW YORK (Reuters) - Foreclosure activity fell in April as lenders repossessed homes at a record pace but started far fewer new actions against struggling homeowners, signaling a plateau in loan failures, RealtyTrac said on Thursday. No meaningful improvement is likely this ...
Tracking firm: California sees another drop in mortgage default notices in first quarterMortgage default notices for California homeowners fell 4 percent in the first quarter of the year, another sign that foreclosures could be easing in lower-cost areas, a research firm said ...
After past failures, government launches new effort to solve mortgage crisis, help homeownersThe government's bold new plan to stem the foreclosure crisis aims to succeed where previous efforts have fallen flat. Yet just as before, the odds are long, and many struggling ...
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