MLS Real Estate & Listings Blog

California’s foreclosure rate fell in February compared to January but was up from the fourth-quarter 2007 average, research and data company ForeclosureRadar reported Wednesday.

Foreclosure sales at auction in the state fell 15 percent compared to January, with 16,931 sales at a combined loan value of $6.85 billion. Notices of default dropped 7.6 percent to 37,362, and notices of trustee sale (which set the auction date and time) fell 20 percent.  more…

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Re: ‘Judge throws out ban on down-payment assistance‘ (March 5)

Dear Editor:

It blows my mind how a scam like the FHA down-payment-assistance programs could be allowed to continue. All you have to do is look at the levels of default on these loans to know that those loans raise the cost of FHA loans for everyone else. It’s a shame, but at this point FHA could easily and justifiably make changes now that will make the programs very hard to utilize.  more…

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