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Come and Preview It Before It's Sold Friday, October 18, 2013Los Angeles County Home Sales Statistica Up To 101513
Sales Statistics for LOS ANGELES County CA
Realist's most recent recording date for this county is 10/15/2013
Single Family Residence Sep 2013 Number of sales 4,368 Median Sales Price $439,000 Sep 2012 Sales 4,445 Median Price $355,000 Aug 2013 Sales 6,249 Median Price $448,000 Aug 2012 Sales 5,656 Median Price $346,500 2013 YTD Sales 54,257 Median Price $405,000 2012 Sales 65,429 Median Price $340,000 Condominium Sep 2013 Sales 1,508 Median Price $385,000 Sep 2012 Sales 1,526 Median Price $319,750 Aug 2013 Sales 2,017 Median Price $380,000 Aug 2012 Sales 1,805 Median Price $300,000 2013 YTD Sales 16,685 Median Price $359,000 2012 Sales 20,861 Median Price $295,000 Alberto Pacheco 818 481 9211 albertopacheco@kw.com Keller Williams Realty Porter Ranch www.granadahills.kwrealty.com Wednesday, October 16, 2013Thursday, October 10, 2013San Fernando Valley CA Real Estate Market Update For September 2013
In September 2013
New listings: 1399
Total amount of active listings: 2766
Average Days on the Market 81
Average Listing Price $ 705,800
Median Listing Price $ 449,
Only 200 home listings Expired
Pending Sales In Escrow: 1072
Opened Escrows Year Today: 9759 New Opened Escrows average days on the market: 48 New Opened Escrows average list price $517,400 Closed Escrows: 1048 Year Today Closed Escrows:9448 Average Sales Price $ 519,000 Sales At List Price 614 Closed Sales Type Foreclosure/REO: 42 Seller Concessions: 2 Short Sale: 45 Standard Sale: 234 Other : 1 Alberto Pacheco Keller Williams Realty 818 481 9211 Click Here To View Homes For Sale In The San Fernando Valley Friday, October 04, 2013Top Five Overlooked Questions When Buying a Home
Alberto Pacheco 818 481 9211 albertopacheco@kw.com wwww.stoppayingrentinla.com
Sunday, September 29, 2013Studio City California Real Estate
lic01200694 I AM LOOKING FOR A BUYER FOR THIS MOVE IN CONDITION TOWNHOME IN RESEDA CA
Spacious two story townhome available For Sale For Your Entertainment There is A Pool and Jacuzzi in The Complex Fully Remodeled
with no Expense Spared. Move in Ready Town home! New carpet, new paint, new kitchen counters , new faucets and sinks, new disposal, new plumbing, new back-splash, new bathroom counters, new mirrors and new baseboards throughout. Great High Ceilings, and new lighting, spacious bedroom. It has a large pool ready to cool you from the summers heat. To many upgrades and amenities to list. WWW.19001GAULTSTRESEDACA91335.COM Saturday, September 28, 2013Northridge California Real Estate Market Update as of 092813
As of 092813113 there are 122 homes for sale in Northridge, prices starting at: $ 305,000 all the way to $ 2,749,000. From
those only 15 homes are on short sale process the rest 107 are on standard sale. Average days on the market: 47 and Maximum 275 ( applies for short sales and high end homes) Homes for sale between $300,000 To $400,000: 7 $400,000 To $500,000: 22 $500,000 To $600,000: 23 $600,000 To $700,000: 19 $700,000 To $800,000: 21 $800,000 To $900,000: 7 $900,000 To $1,000,999: 8 That tells us how the real estate market in Northridge California has been recovering from this recession. Click Here To View Homes For Sale in Northridge: www.granadahills,kwrealty.com If you are looking to buy a home in Northridge, get in touch with me by phone at 818-481-9211 or b email albertopacheo@kw.com Alberto Pacheco Keller Williams Porter Ranch 19400 Rinaldi St Suite L Porter Ranch CA 91326 Open House At My Listing Today 092813 From 1PM To 5PMThursday, September 26, 2013LIVE NEXT TO FAMOUS CELEBRITIES IN TOLUCA LAKE CALIFORNIA
lic01200694 BURBANK CALIFORNIA HOMES FOR SALE
lic01200694 Wednesday, September 25, 2013Available Homes For Sale in Arleta California
lic01200694 Monday, September 16, 201319001 Gault St Reseda CA 91335 Available Townhome For Sale
Alberto Pacheco 818 481 9211 albertopacheco@kw.com
Saturday, September 14, 2013Saturday, September 07, 2013Don't Cry For Me Argentina Sang By Great Singer Share it and Like It !!!
Great and Sexy Lady singing Don't Cry For Me Argentina
Friday, August 16, 2013Real Estate Market Update For August 2013
Alberto Alberto Pacheco
818 481 9211 Keller Williams Porter Ranch Realtor Lic 01200694 GRANADA HILLS HOMES AND CONDOS FOR SALE Thursday, July 11, 2013Tuesday, July 02, 2013Saturday, June 29, 2013Los Angeles County Home Sales Statistics up to 062613
Tibetan Budha At The Potala Palace in Tibet Alberto Pacheco 818 481 9211 Keller Williams Porter Ranch My Email My Website My Facebook My Twitter Real Estate and Mortgage News on My Electronic Newsletter
Click Her To View My Electronic Newsletter: NEWSLWTTER
Alberto Pacheco 818 481 9422 albertopacheco5195@hotmail.com My Website My Facebook My Twitter Wednesday, June 26, 2013Tuesday, June 25, 2013Saturday, June 15, 2013Friday, June 07, 2013Founding of Father's Day
The founder of Father's Day was Sonora Smart Dodd, according to many historians. She was the daughter of a widowed Civil War Veteran who hd raised her ob his own. Dodd came up with the idea whe listening to a Mother's Day sermon in 1909. She held her own special tribute for her father on June 19m 1910, in Spokane, Washington, and began a campaign for an official celebration thereafter.
Initially, the idea of Father's Day was met with skepticism in the US. But in 1926 a National Father's Day Committee was formed in New York City, and in 1966 President Lyndon Jonson signed a proclamation designating the third Sunday in June as Father's Day. But it wasn't until 1972 that President Richard Nixon officially recognized it as a national holiday. The holiday migrated to Canada soon after.
The official flower of Father's Day is the rose: Red for Fathers who are still living and White for Fathers who have passed away.
Alberto Pacheco
818 481 9211
Wednesday, May 22, 2013Monday, May 13, 2013Sunday, May 12, 2013Saturday, May 11, 2013Thursday, May 02, 2013Short Sale vs Foreclosure
Do You Know The Difference?
Hard working people everywhere are having to make tough decisions that affect their financial future,not just today,but for years to come. If you don't know how to protect your rights and weigh all of your options.
Call me today and you deserve a face to face conversation. Call 818 481 9211 Alberto Pacheco Keller Williams Granada Hills Saturday, April 27, 2013Small Probate Courts in Los Angeles County Are Closing
All of the local probate courts are closing on June 30, 2013. All new filings for Van Nuys have to be done in Los Angeles Superior Court Probate section. They are scanning all the documents and in the future they will be sharing them over the net the way they are doing it today physically.
The City and County of Los Angeles are looking to save money doing this movement and centralize all the cases in one roof. This is good for them buy very inconvenient for the decedent family, attorneys,etc,. Since parking in Los Angeles is hard to get and very expensive as well.
Alberto Pacheco 818 481 9211 Keller Williams Granada Hills
Granada Hills CA Real Estate Market Update For April 2013
As of today 04/26/13 there are 76 home owners with Notice of defaults that are on the Trustee Sale
(Foreclosure Sale) some due in April, other May, June or July this year. Homes Listed For Sale in Granada Hills as of Today: 34 Listings There is only one Bank Owned Home (Reo aka Foreclosed Home) and three are short sale listings so the rest which are 30 are standard sales. Lowest priced listing: $ 299,000 Average Listing Price % 563,792 Highest Listing Price $ 1,450,000 Average days on the market: 37 SALES There are 32 homes sold up to today: Minimum Listing Price $ 313,425 Minimum Sales Price $ 355,000 Average Listing Price $ 430,323 Average Sales Price $ 444,771 Highest Listing Price $ 689,000 Highest Sales Price $ 680,000 Average days on the market: 31 days The inventory of homes for sale in Granada Hills is very low, if there were no more listings taken starting today the inventory will be sold in 30 days or less . We are on a sellers market and any listing price right that hits the market gets offers within 24 hours and opens escrow in two to three days from acceptance. Most homes are sold above the asking price, some way above it. If you are a home seller in this city, I urge you to take advantage of this market and call me to help you with your home listing / sale.
Alberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com Real Estate News, Mortgages, Trends
Friday, April 19, 2013Arleta Home Sales Statistics For January 2013
Thirteen homes were sold in January 2013
Minimum Listing Price $ 180,000 Minimum Sales Price $ 215,000 Maximum Listing Price $ 352,900 Maximum Sales Price $ 315,000 Average Listing Price $ 264,331 Average Sales Price $ 272,032 The sum of all Listings $ 3,436,299 and the sum of all Listings Sold $ 3,536,418 Minimum Days on the Market:1 Maximum Days on the Market: 248 Average Days on the Market: 44 From those 13 home listings, four of them were homes on short sale, three were bank foreclosures, one probate sale and the rest five of the were standard sale homes. As we can see the number or standard sale homes is rising everyday since March 2012. If you are looking to buy a home in Arleta, do not hesitate to do so since the market is on the way up. Alberto Pacheco 818-481-9211 Keller Williams Granada Hills www.stoppayngrentinla.com Get a Free Report on Granada Hills House Prices Tuesday, February 19, 2013Free Report For Granada Hills Home Owners
Find Out What The Owner at 7301 Lennox E10 Did
It May Come As A Surprise To You – But They’ve Been Plotting For A Long Time!
Your neighbors at 7301 Lennox E10 have decided to sell their townhome, and they listed it with Alberto Pacheco of Keller Williams Realty.
They thought about it long and hard, and interviewed him and chose him as their realtor.
And now that they have made the decision to sell, they need your help to do it.
Alberto has prepared a special report called The 10 Dumbest Mistakes Smart People Make when Buying or Selling a Home that he would like to offer to you or anyone you know. Friday, February 15, 2013February 2013 Real Estate Update
Alberto Pacheco
818 481 9211
albertopacheco@kw.com
Keller Williams Granada Hills
Real Estate Update For January 2013
Alberto Pacheco
818 481 9211
albertopacheco@kw.com
Keller Williams Granada Hills
Monday, December 31, 2012I Wish You a Great 2013
May The 2013
Be
A Year of Blessings, Family Union and Stability
But Above All May
GOD
Give You Wisdom
 Monday, December 24, 2012Wednesday, November 21, 2012Available Foreclosed Homes in Burbank California
lic01200694 Get Your Home Value Over The Net
lic 01200694 Tuesday, November 20, 2012Wednesday, November 14, 2012California Real Estate Market With Multiple Offers
The combination on low inventory of homes, interest rate and home prices are making the market in California to rise. Six out of then homes are getting multiple offers according to the 2012 California Association of Realtors Market Survey.
57% of the home sales received multiple offers in 2012, the highest in the last 12 years, with each home receiving an average of 4.2 offers. Seven out of ten bank owned and short sales received multiple offers, while only half of the equity sales received more than one offer.
Home buyers are realizing that this is the time to buy a home before they keep rising, but they are finding that there is a fierce competition coming from cash buyers which most of the time are investors.
Home sales are selling faster: equity sales are taking 32 days, bank owned homes 50, while short sales take 141 days.
More than 30% of home buyers paid cash, 67% of sales were to investors, and 7% percent were to buyers who purchased 2nd homes or vacation homes.
International buyers made 5.8%: From China 39.1%,Canada 13%,India 8.7% and Mexico 8.7%.
First Time Home Buyers were attracted to low price homes like: Reo's and Short Sales, they made the 35.8% of the market.
Alberto Pacheco
818 481 9211
Monday, November 12, 2012Quote of The DayBank Owned Homes Will Be Sold in Bulk in California
It was announced last week that Fannie Mae (Government Gsa), Federal Housing Finance Agency and Colony Capital are involved in the near future bulk sale of more then 400 in the Inland Empire and Los Angeles.
This is going to be very beneficial for the investors, but will affect the first time home buyers that buy from the bottom sales price home to the pricey ones; also to the move up buyes.
This move will make affordability to decrease, since investors buy low, rehab the properties and flip them at higher price.
The Median Home Price in the Inland Empire increased 15% from $ 172,000 in February 2012 to $ 198,270 in September 2012, and the inventory decreased from 5.3 months to 3.8 months on the same period.
The median home price in Los Angeles has risen 37% from $ 272,920 in February 2012 to $ 373,020 in September 2012 and the unsold inventory decrease on the same period from 5.7 months to 3.7 months.
Alberto Pacheco
818 481 9211
Keller Wiliams Realty
Monday, November 05, 2012Newsletter Video For November 2012
Alberto Pacheco
818 481 9211
albertopacheco@kw.com
www.stoppayingrentinla.com
Saturday, November 03, 2012Day Light Savings Ends on November 04 2012
Tonight Saturday November 03 2012 and Before You Go To Bed
Make Sure You Roll Back You Clock
1 HOUR
Since at 2AM Sunday Morning
is The Daylight Savings End.
 Tuesday, October 30, 2012Valencia California New Homes Available
For More Information Contact Me
Alberto Pacheco
818 481 9211
Keller Williams Granada Hills
Saturday, October 13, 2012Housing Forecast For California 2013Sunday, September 09, 2012Down Payment Assistance For Inland Empire First Time Home Buyers
If you are a First Time Home Buyer(s) and planning to buy a house, I have good news for you.
There is Down payment assistance available, in order to qualify for it you need the following documents: 3 year Income Taxes with the W2 forms Last 4 Pay stubs Last 4 Bank Statements Copy of your Drivers License Copy of your Social Security Card Another requirements is to not Own a home or being on anybody's mortgage loan in the last 3 years. There is more details to it, for that you can email me at: albertopacheco@kw.com or you can call me at 818 481 9211 and I will be happy to assist you. Take advantage of this offer. Alberto Pacheco 818 48 9211 albertopacheco@kw.com My Website My Facebook My Twitter Saturday, August 25, 2012Granada Hills California Home Sales Statistics
GRANADA HILLS CALIFORNIA
Granada Hills is a Vibrant City located in the North East Side of the
San Fernando Valley and is Surrounded on the North East Side by Sylmar ,
South Side by Norh Hills, East side by Mission Hills and West Side by
Northridge. it can be reached by the following freeways: from the North
and South by the 405 Freeway and East- West by 118 Freeway.
There are over 12,000 single family homes in Granada Hills.
Real Estate Market Update For Granada Hills California
As of today 08/25/12 there are 60 Active detached and
attached available homes for sale, and there is three type of sales:
Standard Sale, Short Sales and Reo's aka Bank Owned Homes.
Standard Sales
The Real Estate Market is extremely active with 46 Standard Sales.
Lowest Priced Home at $ 339,000, The Highest Priced at $ 1,695,000 and
the Average Price $ 619,752. Minimum Bedrooms: 3, Maximum 6, and Average
4. Days on the Market: Minimum 1, Maximum 514 and Average 68.
Lowest square feet home 1053 with a Lot of 6817 sq feet, Maximum home
size 6380 sq feet and a Lot of of 62,290 sq feet, Average Size Home 2559
sq feet and Lot of 14,005 sq feet.
The reason of 514 days on the market is because some short sales take a
while to close and the reason behind that is that many times the
buyers walk away from the purchase since it takes a while to get
approved, some times more than 60 days. When the buyer walks away we
have to start a new short sale process from scratch.
Bank Owned Homes aka Reo's
There are only 3 available homes for sale, Lowest priced $ 286,100,
Maximum $ 569,000 and Average $ 381,667. Minimum Days on The Market 15,
Maximum 71 and Average 38. Smallest square feet home 1275 and 6952 lot
size; Biggest 2528 sq ft home and 11028 sq ft Lot, Average 1718 sq ft
home and 8728 sq ft Lot.
Short Sales
Only 11 homes for sale are short sales, the Lowest Priced is $ 248,000,
Highest Priced $ 1,499,000, and Average Priced $ 570,264. Minimum
bedrooms 3 and 2 Bath, Maximum 6 Bedrooms and 8 Bath and Average 4
Bedrooms and 3 Baths. Smallest House 1169 sq ft and Lot 6890 sq ft.
Maximium 2739 sq ft Home and 11259 sq ft Lot.
There are multiple offers within 24 hours on every listing that hits
the market, this year 2012 most home owners are going to end up with
some home equity.
Only 3 Condo / Townhomes Available in the market with 28 days in the
market, 2 bedrooms and 2 bath listed at $ 329,500 and 1112 sq ft. The
Maximum Price $ 358,990 with 49 days on the market, 4 bedrooms and 3
bath, 1528 sq ft. Average $ 342827 with 39 days on the market, 3
bedrooms, 2.67 bath and 1322 sq ft.
Pending Home Sales: 82, from those: 26 Are Standard Sales, 5 are Bank Owned aka REO, 1 Probate Sale and 50 Short Sales.
Pending Condo / Townhome Sales: 8, from those: 6 are Standard Sales and 2 are Short Sales.
Expired Listing Homes Between 08/01/12 to 08/25/12: 5, from those 4 were Short Sales and 1 Standard Sale.
Expired Condo / Townhomes 08/01/12 to 08/25/12 : 1 and was a Short Sale.
Canceled Home Listings Between 08/01/12 to 08/25/12: 9, from those 2 were Standard Sales and 7 Short Sales
Hold Do Not Show Listings Between 08/01/12 to 08/25/12: 5, from those 1 is Standard Sale and 4 Short Sales.
Withdrawn Home Listings Between 08/01/12 to 08/25/12; 1 Standard Sale.
Saturday, August 04, 2012Thursday, August 02, 2012 Wednesday, August 01, 2012What is Real Estate?
I AM THE BASIS OF ALL WEALTH
THE HERITAGE OF THE WISE, THE THRIFTY AND THE PRUDENT.
i AM THE POOR MAN'S JOY AND COMFORT,
THE RICH MAN'S PRIZE,
RIGHT HAND OF CAPITAL,
THE SILENT PARTNER OF MANY THOUSANDS OF SUCCESFUL MEN.
I AM THE SOLACE OF THE WIDOW,
THE COMFORT OF THE OLD AGE,
THE CORNERSTONE OF SECURITY AGAINST MISFORTUNE AND WANT.
I AM HANDED DOWN TO CHILDREN THROUGH GENERATIONS,
AS A THING OF GREATEST WEALTH.
YES,
I AM REAL ESTATE
BUY ME AND KEEP ME.
LATER I WILL KEEP YOU FINANCIALLY!
ARE YOU READY AND WILLING TO INVEST IN REAL ESTATE?
I AM HERE TO HELP.
Sunday, July 22, 2012Tuesday, July 03, 2012Friday, June 15, 2012Granada Hills Home Listings Activity
As of Today 06/15/12 there are 58 home listings in Granada Hills, from those:
There are 30 listings with prices between 275K and 500K 9 of them are short sales and 21 are standard sales, no probate or bank owned homes 17 Listings priced between 501K and 750K 3 of them are short sales and 14 are standard sales, no probate or bank owned homes 8 Listings priced between 751K and 1 Million and all of them are standard sales, no probates or reo's 3 Listings priced between 1,000,000 and 1,700,000 2 of them are standard sales and 1 short sale, no bank owned homes or probates. Price Analysis: Days on the Market Maximum Price: $ 1,695,000 451 Lowest Price: $ 275,000 0 Average Price: $ 569,558 65 Granada Hills Real Estate Market is comprised for 78% of the market are standard sales, the bank owned homes have been mostly absent in the last 3 months. Alberto Pacheco 818 481 9211 Keller Williams Granada Hills My Website My Facebook My Twitter Saturday, March 10, 2012Daylight Saving Starts on March 11, 2012Friday, March 02, 2012Thursday, March 01, 2012Fannie Mae Lost Money on Last Quarter of 2011
Fannie Mae said Wednesday it lost $2.4 billion during the fourth quarter of 2011 and $16.9 billion for the full year.
It has had worse years, remarkably. Fannie lost about $60 billion in 2008 and $72 billion the following year–two of the 10 largest corporate losses ever. Sibling Freddie Mac is responsible for a third, a $51 billion loss in 2008.
Fannie Mae was established in 1938 to promote home ownership by making federal funds available to lenders. In the 1950s and 1960s, it transformed into a profit-seeking corporation, with the goal of purchasing mortgages and selling them to investors, thereby replenishing funds to banks for fresh loans. Freddie Mac was created in 1970 to spur competition.
Recent losses for both agencies stem from the U.S. housing bubble that peaked in 2006. House prices fell nationwide by more than one-third since mid-2006 by one measure, the S&P/Case-Shiller index. Price changes vary by market, but for the country as a whole, homeowners erased the gains made since 2003.
Millions of homeowners defaulted on their mortgages, leaving Fannie and Freddie saddled with bad loans. Both reverted to government control in 2008.
Fannie and Freddie were once profitable, but the money they have lost dwarfs what they made in good years. During the three years leading up to the house price peak, Fannie reported annual profits of between $4.1 billion and $6.3 billion, and Freddie, $2.1 billion to $2.9 billion. During the five years since, Fannie lost a cumulative $163 billion, and Freddie, which hasn’t yet reported fourth quarter results for 2011, $91 billion.
Both Fannie and Freddie pay dividends to the Treasury Department as a condition of their government sponsorship, but both have regularly requested larger sums than they have paid. For example, Fannie said Wednesday that it paid $2.6 billion in dividends to the Treasury during its fourth quarter, but that it would soon submit a request for $4.6 billion to offset losses.
Fannie says it requested a total of $116 billion from the Treasury since the fourth quarter of 2008 and paid about $20 billion in dividends. Fannie requested $72 billion and paid $15 billion.
Total funds requested, minus the dividends paid, work out to about $1,300 per American household. That includes both owners and renters.
Sunday, February 12, 2012Asistencia Para Los Primeros Compradores De Casa
Un primer comprador de casa es el siguiente: el que no tiene casa en los ultimos tres anos, que no esta en le prestamo de ninguna casa o en el titulo de ninguna casa.
Hay asistencia disponible para los primeros compradores de casa en la ciudad de Los Angeles ( incluye el valle de san fernando y excluye la ciudad de san fernando) si califican pueden recibir hasta $ 60,000 para el enganche, basado en el numero de miembros de la familia y el salario, se combinan estas dos cosas.
La compra puede ser una casa, un condominio o un townhouse. Hay tambien dos bancos que tienen programas disponibles, uno de ellos es un prestamo convencional fijo por 30 anos con un enganche del 3% con un salario maximo de $52,000 que puede ser extendido de acuerdo con la area que el comprador escoja.
Si desean mas informacion llamen at 818 481 9211 o envien un correo electronico a: albertopacheco5195@hotmail.com
Wednesday, February 08, 2012First Time Home Buyers Down Payment Assistant Available
If you are a fist time home buyers ( have not own a house in three years, and are not on any loans loan) you may be elegible to receive up to $ 60,000 for Down payment or closing cost, there is money available right now.
You can buy: a house, condominium or townhome that are not tenant occupied. To qualify for it need to make an appointment with me to go over you income, number of family members and more. You can reach me by email: albertopacheco5195@hotmail.com or by phone at 818 481 9211. Alberto Pacheco 818 481 9211 Keller Williams Granada Hills 16842 Devonshire St Granada Hills CA 91344 Lic 01200694 www.stoppayingrentinla.com Foreclosures, Probate Homes and Short Sale Homes Available. www.facebook.com/albertopachecorealtor www.twitter.com/albertopacheco Foreclosure Market Update
Slowly, but surely, the foreclosure crisis seems to be abating.The
number of homes in foreclosure shrunk by 130,000, or 8.4%, in 2011,
according to a report from CoreLogic, an economic research firm.
These are homes owned by borrowers who had slipped far behind on payments, forcing lenders to put them into the foreclosure process. The homes remain foreclosure inventory until they're sold -- either at auction or in a short sale, which is when a home is sold for less than the mortgage value -- or until homeowners are current again on payments. There are dual reasons for the inventory drop, according to Mark Fleming, chief economist with CoreLogic. Foreclosure deal has 40 states but others balk"The pace at which properties are entering foreclosure is slowing," he said. "And servicers nationwide stepped up the rate at which they were able to process distressed assets."In recent years, homes have entered foreclosure more slowly because lenders are carefully scrutinizing applicants; only very low-risk borrowers get loans. That, plus a gradual improvement in the economy, means fewer borrowers are getting into trouble. Even borrowers in default are not going into the foreclosure process as quickly as they used to. They're being held up by a variety of judicial and regulatory constraints, according to Fleming. For one thing, the robo-signing issue, in which banks filed sloppy and sometimes improper paperwork, made lenders more cautious about getting their paperwork in order before beginning to process foreclosures. Once the banks do put homes into foreclosure, they're trying to speed them through it faster. One way they've done that is by encouraging short sales.Another is that they've stepped up their foreclosure prevention efforts -- often with the aid of numerous government programs such as Home Affordable Modification Program, which the government claims has helped a million Americans keep their homes.
Post-foreclosure
In December 2011, there were 103 sales of bank-owned homes for every 100 homes in foreclosure inventory. That was up considerably from November 2010, when there were only 94 REO sales for every 100 in the foreclosure process. Florida has the dubious distinction of recording the highest foreclosure inventory in the nation in December, with more than 17% of homeowners seriously delinquent and nearly 12% of homes with mortgages in foreclosure inventory The inventory in Florida is bloated because, as in more than half of all the states, most foreclosures have to go through the courts. Foreclosure free ride: Three years and no paymentsCourts have taken a much closer look at the cases coming before them, no longer taking the bank's word for everything.. Consequently, it takes a longer time to schedule an auction, which keeps many homes trapped in the foreclosure pipeline.A hard-hit state such as Nevada, which has had the highest incidence of delinquency in the nation but where most foreclosures do not go through he courts, posted a foreclosure inventory rate of less than half that of Florida.
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I am Alberto Pacheco, a Realtor Associate with Keller Williams Realty my office is located at 19300 Rinaldi St Suite L Porter Ranch,CA 91326. (818)481 9211.I consider myself a consultant. I assist home owners with their home sale as well as home buyers with their purchase. I specialize on Probate Home listings , Short Sales and Standard sales.
