California foreclosures set to surge

Foreclosure filings in Indiana, Pennsylvania, South Carolina, Connecticut, Florida and Illinois increased by 20% or more. Even more troubling was a surge in new foreclosure. Among other things, the.

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NEW YORK (CNNMoney.com) — Almost 3 million homeowners received at least one foreclosure filing during 2009, setting a new record for the.

In the first quarter, banks filed 2,348 court notices in non-judicial states, which don’t require court involvement, according to data compiled by Irvine, California-based. he said. The surge in.

Foreclosure filings in Indiana, Pennsylvania, South Carolina, Connecticut, Florida and Illinois increased by 20% or more. Even more troubling was a surge in new foreclosure. Among other things, the.

Changing market leaves investors cautious on housing What drives housing price dynamics: cross-country evidence – What drives housing price dynamics: cross-country evidence1. more cautious response of housing construction to shifts in demand because of the inherent irreversibility of this type of investment.. The residential real estate market has benefited from the increased

Surging home prices that have outrun wage increases for years?. In Southern California's San Diego-Carlsbad metro, supply jumped 28%. A paid off house set us up for retirement and a small rental is gravy, plus I cut a.

Cloudy future for REO-to-rental asset class Higher loss severities on foreclosures will push servicers to short sales in 2011: Fitch "Loss severities on distressed U.S. residential mortgage loans are likely to increase an additional 5-10 percent from current levels due to higher loss mitigation and foreclosure expenses and weakening home values," according to a report from Fitch Ratings.This video is unavailable. Watch queue queue. watch Queue Queue

House in Salinas, California, under foreclosure, following the bursting of the U.S. real estate bubble. Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from. The rise in foreclosure activity has been most significant in New York and New Jersey, the two most densely populated areas.

More foreclosures are expected to occur in California, particularly in the counties of Miami and Los Angeles. Although there was a slight decline from last quarter, the rate of California foreclosures is still definitely higher than that of last year.

Published by the California Department of real estate. 2010. and continuing to the date of the scheduled foreclosure sale or the postponed date of the sale, during.. condition, and likely to rise in market value (as the real estate market.

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Foreclosure filings in Indiana, Pennsylvania, South Carolina, Connecticut, Florida and Illinois increased by 20% or more. Even more troubling was a surge in new foreclosure. Among other things, the.