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Senate committee approves statewide guidelines for foreclosures The Banking and Finance Committee voted 5-2 in favor of sending the substitute to House Bill 110 to a full vote, which could happen as soon as this week. According to the proposal, the bill would authorize cities and counties to create foreclosure registries that would have statewide requirements.... Read More >
Foreclosures down, short sales up in 2011 While data on the number of loans either seriously delinquent or in the foreclosure process suggested that an increase in the number of residential properties lost to foreclosure this year was a “slam dunk,” incoming... Read More >
Foreclosures down in Colorado According to a report re-leased Tuesday by the Colorado Division of Housing, foreclosure auction sales in Colorado’smetropolitan counties were up 7.9 percent in November compared to November of last year.... Read More >
Arizona Banks Shift To Short Sales - More States To Follow ? After more than 175,000 foreclosures in metro Phoenix in the past several years, mortgage lenders in Arizona have done an about-face, approving a record number of short sales. Rather than taking back homes and selling them at auction, bankers say, they are more frequently allowing distressed owners to sell the homes for less than the borrowers owe.... Read More >
Short sales on the rise in Los Angeles Foreclosed homes and short sales are making up an increasingly large chunk of the housing market in Los Angeles, moving toward 50% in Glendale, according the latest real estate figures. Salesof distressed homes made up 47.5% of total sales in Glendale in September. In Burbank, the ratio was almost 34%. ... Read More >

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