Foreclosures

Long Beach Market Report for September, 2010

October 28, 2010

Long Beach residential real estate market report:  September 2010    Active as of Oct. 28, 2010 Lowest Highest Days on Market Single Family 810 $98,900 $5,500,000 93 Condo 497 $54,900 $1,999,999 106 1307 Total Active in Long Beach   Of the total 1307 active 117 are bank owned and 479 are short sales. Distressed sales total [...]

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Search Fannie Mae and Freddie Mac foreclosure homes in the Long Beach area

October 2, 2010

Fannie Mae and Freddie Mac homes in the Long Beach area are worth considering for purchase by owner occupants and investors because of their great value. Fannie Mae and Freddie Mac properties are foreclosures. There are currently 15 active Freddie Mac homes for sale in Long Beach, 1 in Lakewood, 6 in Downey, 6 in [...]

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Market update: Residential Long Beach real estate market showing signs of slowing

September 13, 2010

The residential real estate market in Long Beach, Ca. is showing some signs of slowing recently. Short sales, the expiration of the Home Buyer Tax Credit, the sluggish local economy, and still high local unemployment rate are all reasons for the slowing real estate market. There are 797 active single family homes on the market [...]

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David Lazarus: Bank sells Long Beach couple’s house out from under them – latimes.com

September 10, 2010

David Lazarus: Wells Fargo sells Long Beach couple’s house out from under them – latimes.com. Unfortunately this does happen. We of course do not know why the bank did not approve the loan modification. Bank’s do not always approve short sales either. If you are having trouble making your mortgage payments, it’s important to seek [...]

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Lenders to register foreclosures to help prevent neighborhood blight

September 10, 2010

Full Story: Press Telegram The city of Long Beach is going to start requiring lenders to register foreclosures. This new ordinance will better enable the city to keep track of foreclosures in the city and enable the city to fine lenders that don’t maintain properties. Vacant properties can pose many problems in neighborhoods including: having [...]

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