Posted by Carry Brooks on July 11, 2011
I recently blogged about the huge results investors are seeing at the trustee sale auctions in Sonoma county, CA ). I wanted to share with you how the rest of California is doing to give you a glance at how the auctions are working statewide.
California trends continue similiar to the national trends I’ve been reporting. Foreclosure activity dropped across the board in California, while cancellations remained flat, most likely due to the failure of the Home Affordable Modification Program (HAMP).
Here are the recent stats:
Notice of Defaults- down 18.29% year over year (first step in the foreclosure process).
Cancellations- flat at 1.15% year over year (successful loan modifications or short sales).
REOs- down 21.09% year over year (lost to foreclosure, reverted to lender).
Sold to 3rd party- up 15.75% month over month and up 16.24% year over year (sold at the trustee sale auction to an outside bidder)
Foreclosure Bids- Average published bid (amount listed on the Trustee Sale Notice) is $375,000 relatively flat. Ho
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Posted by John Willsen on July 11, 2011
Six area public housing authorities were among several hundred nationwide to receive a slice of $1.9 billion in federal U.S. Department of Housing and Urban Development U.S.
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Posted by Carry Brooks on July 11, 2011
A Virginia real estate firm has bought the Woodfield Glen apartments in North Raleigh for $28.5 million, according to Wake County property records.
GrayCo of Richmond purchased the 233-unit property from Woodfield Investments.
GrayCo owns apartment communities across the Southeast, including The Verge in Durham.
Woodfield Glen, which opened in 2008, was 95 percent occupied in March, according to data from the Triangle Apartment Association and Karnes Research.
The complex sits on 15 acres just east of Glenwood Avenue near its intersection with Lynn Road.
There have been a flurry of apartment deals in the Triangle over the last 18 months as investors flock to what has become the best-performing sector in commercial real estate.
The Triangle is considered one of the better apartment markets in the U.S.
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Posted by Carry Brooks on July 10, 2011
The kitchen, complete with an oversize butler’s pantry, includes granite countertops and an island sink among its desired appointments.
Finding your dream home is a major accomplishment. But finding your dream home in a great neighborhood, well that’s what you’ll find at Cordova The Town.
And you’ll discover when you see the model home that it comes packed with the most popular amenities like hardwood floors, a double-door entry, granite countertops, an island sink in the kitchen, three bedrooms, 2 1/2 baths and a three-car garage with a mud room entry to the home.
J.
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