Foreclosure News - Las Vegas & California

REO Team Listings hit 400

http://www.lvreo.com to view the lisitngs - or visit http://www.vegasreo.com for news and info Read More...

Posted Saturday, October 27, 2007 7:49 PM by Joe Iuliucci | 0 Comments

FORECLOSURES IN THE SILVER STATE: UPSIDE DOWN

Odds are, you think this package on rising foreclosure rates doesn't apply to you. A good 80 percent of home loans in Nevada are prime mortgages, after all, and more than 95 percent of mortgage holders in the state are current on their loan payments. Read More...

Posted Saturday, October 27, 2007 7:44 PM by Joe Iuliucci | 0 Comments

California NOD & Trustee sale numbers

Notices of Default houses and condos County/Region 2006Q3 2007Q3 %Chg Los Angeles 5,565 13,583 144.1% Orange 1,500 3,882 158.8% San Diego 2,355 5,673 140.9% Riverside 3,040 9,250 204.3% San Bernardino 2,548 7,038 176.2% Ventura 578 1,377 138.2% SoCal* Read More...

Posted Saturday, October 27, 2007 7:27 PM by Joe Iuliucci | 0 Comments

Whats an REO?

REO - (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction. You see, most foreclosure auctions do not even result in bids. After all, if there was enough equity in the property to satisfy the Read More...

Posted Sunday, October 21, 2007 9:40 AM by Joe Iuliucci | 0 Comments