15 Taft Properties Sold in February, 10 Bank Owned
by Karri Christensen Real Estate eBroker Inc -
March 26, 2010
The Federal Reserve policy makers, after their meeting, stated that the benchmark short term interest rate (in the range of zero to 0.25%) will remain unchanged. Using the phrase they have for the past year, they stated that the duration will be for an "extended period of time".
The Obama Administration's Home Affordable Modification Program (HAMP), the U.S. Dept. of the Treasury, and the Dept. of Housing and Urban Development (HUD) announced that permanent loan modifications, as of the end of February, were granted to 170,000 homeowners.
Foreclosure activity in California is down 5% compared to the previous month of January, and down 15% when compared to February 2009. According to a report from RealtyTrac, in California one out of every 195 housing units received a foreclosure filing.
In the Taft area in the month of January there were 65 Real Estate purchasing opportunities available. During that same time 21 real estate listings received accepted offers, while 7 properties sold. Out of the property that sold 4 were bank owned property (REO) and 3 were short sales. [This information per MLS (Multiple Listing Service).]
In the Taft area in the month February there were 53 Real Estate purchasing opportunities available. During that same time 8 real estate listings received accepted offers, while 15 properties sold. Out of the property that sold 10 were bank owned property (REO), 1 Probate sale, 1 Dept. of Housing and Urban Development (HUD), 1 Short Sale, and 2 regular sales. . [This information per MLS (Multiple Listing Service).]
The real estate market is coming upon its seasonal sales period, coupled with that is the tax credit for purchases which will be ending soon, as a result the market will continue to see increased activity for a period of time.
It is anticipated that there will be fewer bank repossessed property. As of April 5th, the Obama administrations will assist in streamlining the short sale process by offering a cash payment to the home owner, the lien holder(s), and protect to the borrowers from future lender lawsuits trying to reclaim the unpaid mortgage balances.
With many foreclosures people are unable to relocate with their pets. More and more pets will be turned out to the streets; in some cases left inside the home in hopes someone will find them before food and water runs out. There is a nonprofit organization to help with this. If you find yourself in this position please visit www.nopawsleftbehind.org for tips and assistance in relocating your pet. Please be a responsible and kind pet owner.
by Karri Christensen Real Estate eBroker Inc
www.BuyKernCounty.com
661-332-6597
The Obama Administration's Home Affordable Modification Program (HAMP), the U.S. Dept. of the Treasury, and the Dept. of Housing and Urban Development (HUD) announced that permanent loan modifications, as of the end of February, were granted to 170,000 homeowners.
Foreclosure activity in California is down 5% compared to the previous month of January, and down 15% when compared to February 2009. According to a report from RealtyTrac, in California one out of every 195 housing units received a foreclosure filing.
In the Taft area in the month of January there were 65 Real Estate purchasing opportunities available. During that same time 21 real estate listings received accepted offers, while 7 properties sold. Out of the property that sold 4 were bank owned property (REO) and 3 were short sales. [This information per MLS (Multiple Listing Service).]
In the Taft area in the month February there were 53 Real Estate purchasing opportunities available. During that same time 8 real estate listings received accepted offers, while 15 properties sold. Out of the property that sold 10 were bank owned property (REO), 1 Probate sale, 1 Dept. of Housing and Urban Development (HUD), 1 Short Sale, and 2 regular sales. . [This information per MLS (Multiple Listing Service).]
The real estate market is coming upon its seasonal sales period, coupled with that is the tax credit for purchases which will be ending soon, as a result the market will continue to see increased activity for a period of time.
It is anticipated that there will be fewer bank repossessed property. As of April 5th, the Obama administrations will assist in streamlining the short sale process by offering a cash payment to the home owner, the lien holder(s), and protect to the borrowers from future lender lawsuits trying to reclaim the unpaid mortgage balances.
With many foreclosures people are unable to relocate with their pets. More and more pets will be turned out to the streets; in some cases left inside the home in hopes someone will find them before food and water runs out. There is a nonprofit organization to help with this. If you find yourself in this position please visit www.nopawsleftbehind.org for tips and assistance in relocating your pet. Please be a responsible and kind pet owner.
by Karri Christensen Real Estate eBroker Inc
www.BuyKernCounty.com
661-332-6597
