Rich Toscano, with Pacific Capital Associates in San Diego said: "There will be individual pain for people who made the wrong decisions. We all may end up in a recession."
Showing posts with label foreclosures. Show all posts
Showing posts with label foreclosures. Show all posts
Wednesday, August 01, 2007
CA Foreclosures Zoom up 799%
Foreclosures hit 17,408 for the three months ended June 30, for an increase of 799 percent from the same period in 2006. These foreclosure numbers well exceed the prior 1996 high.
Monday, June 11, 2007
Foreclosures: Will banks cut their losses?
Foreclosures: Will banks cut their losses? - Buy a House: MLS Listings & Home Buying Tips - MSN Real Estate: "With a wave of people losing their homes, lenders are considering whether to auction off properties for less than what they're owed.
By Aleksandra Todorova, SmartMoney
© Beathan/Corbis
Brett Golden, 31, was one of the few bidders at a recent foreclosure auction to walk out with a purchase: a 2.5-story, 1,352-square-foot house in Queens, N.Y., that he got for $365,000. The previous owner had bought it in June 2005 for $415,000.
Once Golden and his father -- who together run a 50-year-old family business of buying and flipping foreclosed properties -- are done fixing this place, they hope to sell it for about $480,000, netting up to $80,000 after expenses." San Diego real estate agent
By Aleksandra Todorova, SmartMoney
© Beathan/Corbis
Brett Golden, 31, was one of the few bidders at a recent foreclosure auction to walk out with a purchase: a 2.5-story, 1,352-square-foot house in Queens, N.Y., that he got for $365,000. The previous owner had bought it in June 2005 for $415,000.
Once Golden and his father -- who together run a 50-year-old family business of buying and flipping foreclosed properties -- are done fixing this place, they hope to sell it for about $480,000, netting up to $80,000 after expenses." San Diego real estate agent
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