Countrywide

The Calabasas California home based mortgage lender is bailing out a lot of their clients out of the subprime loans that are reseting this year. They are doing loan modifications, refinancing their loans to a fixed rate, in order to prevent future foreclosures.

If you have a mortgage loan with them, and you are late on your payments or unable to make them, do not put aside the letters they sent you, and don't procastinate because help is availabe, the are willing to help you in whatever way possible.

The same happens almost with every mortgage lender, they prefer to help you than ended up with a foreclosures, which cost them more money and having a repossessed property that will take months to sell.

There are also a couple on non profit foundation in Los Angeles area that are able to assist you as well, they are Acorn Housing and Naca, both have a website.

If you need help you can also approach me for guidance, I am here to help you in whatever manner I can. You can e-mail me or call me. I also post some information on my website http://www.sfvalleyhotproperties.com in regards to foreclosures.

San Fernando CA August 2007 Home Sales Statistics

Residential

New: 49
Average Listing Price: $464,535
Under Contract: 10
Average Listing Price: $450,375
Sold: 10
Average Sold Price: $454,800
% Sales Price/Listing Price: 96.77%
% Sales PRice/Old Listing Price: 94.18%
Average Days on the Market: 69

July Home Sales Statistics San Fernando CA

Property Type: Residential

New: 51
Average Listing Price: $487,205
Under Contract: 4
Average Listing Price: $439,737
Sold: 5
Average Sold Price: $469,900
% Sales Price/Listing Price: 100.03%
% Sales PRice/Old Listing Price: 96.93%
Average Days on the Market: 57

August Home Sales in The San Fernando Valley

According to Southland Regional Association of Realtors, home sales fell an annual 33.1% to 552 transactions. Median Home price increased 5.7% to $645,000.

On the condominium side the sales plunged 40.7% to only 188 transactions and the median prices slipped 2.8% to $389,000.

We now have an inventory of 10.4 month supply, first time it broke to double digit since 1995.

Santa Clarita area condo sales plunged 40.6 % from a year ago, the median priced dipped 2.2 to $362,000 and the home listings supply climbed to 10.2 month.

Burbank Real Estate

Homes and Condos Sold Burbank for August 2007

ZIP CODE 91501

Homes Sold: 7 Median Price:$905,000 Price Change from Aug 2006: 15.4%

Condos Sold: 9 Median Price $415,000 Price Change from Aug 2006: -10.9%

ZIP CODE 91502

Homes Sold: 1 Median Price:$600,000 Price Change from Aug 2006: 29%

ZIP CODE 91504

Homes Sold: 13 Median Price:$829,000 Price Change from Aug 2006: 18.4%


Condos Sold: 9 Median Price $449,000 Price Change from Aug 2006: -2.9%

ZIP CODE 91505

Homes Sold: 28 Median Price:$613,000 Price Change from Aug 2006: -8.6%

Condos Sold: 5 Median Price $539,000 Price Change from Aug 2006: 12.2%

ZIP CODE 91506

Homes Sold: 10 Median Price:$649,000 Price Change from Aug 2006: 6.4%