La Jolla Foreclosures

Nationwide National Association of Realtors data for DEC 2011 Inventory dropped 9.2% Foreclosures sold for a 22% discount Short sales sold for a 13% discount All cash sales were 31% Supply is at 6.2 months Lowest inventory level since March 2005 Amherst Securities 4 million loans 60 days delinquent that will enter foreclosure 2.5 million… Read More

La Jolla Million Dollar Luxury Home Foreclosures

Realty Trac reports that the amount of foreclosures with mortgages over $1 million are over twice as high today as they were in 2007. This represents around 2.3% of all homes in foreclosure. “We’re seeing evidence in our data that the high-end market is starting to get hit more,” says Daren Blomquist of RealtyTrac.com. “I… Read More