Next on the “to read” list
Buying a Fannie Mae Property – First Look Policy
Fannie Mae properties are a lot different than other REO or bank foreclosures. Just one of the differences is the First Look program - the first 15 days a property is listed for sale (or listed on HomePath.com), they will only respond to offers from "owner occupants and those using public funds." This affects Big Bear home buyers as nearly 80% of them are second home buyers. While they can still submit their offers at anytime, they will have to wait until the 15 days expires in order to get a response from … [Read more...]
Who Knows What To Believe Anymore?
Ever wonder why consumers lack trust in anything they read anymore? Check out these real estate market headlines I received in are recent update from C.A.R. California’s median home price up 21 percent in April from a year ago Nearly 75 percent of homes are affordable Foreclosures plateau—finally. Repossessions soar. Real estate's new problem: not enough homes What kind of homeowners choose to default? Consumer confidence on the rise Maybe it is just me, but does anyone else see the conflict in … [Read more...]
Big Bear Foreclosure Numbers – April 2010
Foreclosure filings in Big Bear dropped 6% in April 2010 when compared to March. Year over year, foreclosure filings were down 4% from the April 2009 numbers, the fourth month in a row that foreclosure filings were down year over year. Keep in mind, foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which is normally filed after homeowners fall behind in their payments. Notices of Sale (NOS), a recorded document that is filed about … [Read more...]
Tree planting underway.
Gotta give the soil some shade. See the full gallery on Posterous … [Read more...]
Big Bear Home Sales – April 2010
Home sales in Big Bear remained relatively stable in April 2010 while prices dropped pretty significantly. Big Bear Home Sales Home sales in April were up 3% when compared to the March sales (76 v. 74). Year over year, sales are up 21% from April 2009, more good news for the market. Compared to April 2008, sales were up 52%! 32, or 42%, of the 76 home sales in Big Bear were bank owned, about 5% less than last month. 40-50% per month is about the average we've been seeing for a while now. 11 of the sales, or … [Read more...]
