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Hope for Homeowners: FHA to Provide Additional Mortgage Assistance to Struggling Homeowners.

The Hope for Homeowners program will continue FHA’s existing and successful efforts to provide aid to struggling families trapped in mortgages they currently cannot afford. Under the program, certain borrowers facing difficulty with their mortgage will be eligible to refinance into FHA-insured mortgages they can afford. The program will be implemented on October 1, 2008.

September Foreclosure Filings Drop 71% in Shasta County

Foreclosure filings in Shasta County dropped significantly compared to the previous month.   There were only 59 Notices of Default filed compared the previous months number of 206.  When we compared this month last year we saw a 34% fewer filings.  September 2007 there were 89 notices of default file and only 59 in September 2008…. Read More

Deed-in-lieu of Foreclosure, How Does It Work?

The deed-in-lieu process can take 4-6 weeks for them to approve, at this point they will have incurred legal fees to foreclose and they will be close enough to the sale date so they might as well sell it at auction.

RealtyTrac Reports Highest Ever Foreclosure Numbers For August

RealtyTrac an online marketplace for foreclosure properties, today released its August 2008 U.S. Foreclosure Market Report™, which shows one in every 416 U.S. households received a foreclosure filing during the month.

July Foreclosure Filings in Shasta County

There were a total of 108 notices filed in July ’07 and 166 notices filed in ‘08

RealtyTrac Reports Foreclosures Up In July

Foreclosure filings, default notices, auction sale notices and bank repossessions were reported on 272,171 U.S. properties during the month, an 8 percent increase from the previous month and a 55 percent increase from July 2007.

Shasta County July Housing Stats

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July was a decent month with homes sales increasing over last month. The amount of new listings were down and inventory slightly climing.

Shasta County Housing Data

Redding Housing Inventory Data.

Buying Bank Owned Properties

Learn how a property becomes bank owned and how you can gets started investing in REO’s.