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“Long, Bleak Winter” Ahead as More U.S. Homeowners Go Underwater

The bad news is that more U.S. homeowners went underwater in the third quarter. The slightly better news is that the San Francisco market, and presumably Sonoma County, bucked that trend. Zillow.com reports last quarter 23.2 percent of all home mortgage holders owed their lenders more than their homes were [...]

By | November 10th, 2010|2 Comments

Sonoma County foreclosures jump 11 percent

Lenders have foreclosed on 1,500 Sonoma County homes thus far this year, a pace that shows few signs of abating. Foreclosures increased 11 percent in the third quarter from the previous three months, according to San Diego-based MDA DataQuick. The pace remains about the same as last year but is [...]

By | October 26th, 2010|2 Comments

Bay Area home sales fall 20 percent in September

Bay Area home sales fell in September to their second-lowest level in 19 years. The nine-county region reported the sale of 6,334 new and resale houses and condominiums last month, down 20 percent from September 2009, according to MDA DataQuick of San Diego. In nearly two decades, the lowest total [...]

By | October 21st, 2010|0 Comments

Foreclosure improprieties could threaten housing market, economist says

Robert Kleinhenz, deputy chief economist with the California Association of Realtors, voiced concerns over investigations that banks failed to properly follow foreclosure laws. He spoke Wednesday at a luncheon of the Women’s Council of Realtors Wine County Chapter.

By | October 13th, 2010|1 Comment

New rules for tenants in home foreclosures

Foreclosure Radar founder and CEO Sean O’Toole is alerting readers on his site of new requirements for those who foreclose next year on a property with tenants.

By | October 6th, 2010|3 Comments

One in every 14 homeowners delinquent on mortgages.

Sonoma County's delinquency rate remains higher than a year ago. However, the rate of homes in some stage of foreclosure has declined, according to date released Tuesday by CoreLogic.

By | September 28th, 2010|0 Comments

Bay Area home sales tumble 19 percent in July

The number of houses and condominiums sold last month was the lowest for a July in 15 years.

By | August 19th, 2010|0 Comments

Foreclosures 101: The stalemate we could find ourselves in for years

Foreclosure Radar's Sean O'Toole thinks neither political leaders nor lenders have much incentive to bail out troubled homeowners or to speed up foreclosures.

By | August 13th, 2010|6 Comments

Sonoma County foreclosure activity rate drops but still remains high for the nation

The county ranks 42nd out of 206 metro areas for communities with the highest foreclosure rates.

By | August 2nd, 2010|1 Comment

June home delinquency rates remain highest in a year

One of every 14 homeowners in Sonoma County was more than 90 days behind on their mortgage payments in June.

By | July 28th, 2010|1 Comment