Headlines Are Often Contradictory
July 15, 2010
Yesterday the headlines in the Business sections of the San Bernardino Sun and the Los Angeles Times newspapers read as follows: The Sun: "June home sales drop" and the LA Times: "Southland sales climb but median price slips"
Then today the Sun: "Area foreclosure filings fall" and the LA Times: "Foreclosures in the U.S. reach a record high".
A friend also forwarded an article from http://www.foreclosureradar.com/, a site that tracks foreclosure data. This article had some interesting graphs and information.
With some lenders participating in the loan modification programs and sellers working with buyers to successfully complete a short sale, it seems to me that accurate information is difficult to find. I know that when I go into the San Bernardino County Assessor's records to check Notice of default, Notice of Trustee's Sale and Bank Owned properties for Redlands, I find listed many properties that have already transacted and are now owned by a new owner thereby cancelling out the foreclosure process.
If you are seriously wanting to purchase a home, get yourself preapproved by a reputable lender, find a property that you like and go forward. Interest rates are low, home prices are as low as they have been in several years and in spite of the headlines, individuals are buying and selling and moving forward with their lives.
Yesterday the headlines in the Business sections of the San Bernardino Sun and the Los Angeles Times newspapers read as follows: The Sun: "June home sales drop" and the LA Times: "Southland sales climb but median price slips"
Then today the Sun: "Area foreclosure filings fall" and the LA Times: "Foreclosures in the U.S. reach a record high".
A friend also forwarded an article from http://www.foreclosureradar.com/, a site that tracks foreclosure data. This article had some interesting graphs and information.
With some lenders participating in the loan modification programs and sellers working with buyers to successfully complete a short sale, it seems to me that accurate information is difficult to find. I know that when I go into the San Bernardino County Assessor's records to check Notice of default, Notice of Trustee's Sale and Bank Owned properties for Redlands, I find listed many properties that have already transacted and are now owned by a new owner thereby cancelling out the foreclosure process.
If you are seriously wanting to purchase a home, get yourself preapproved by a reputable lender, find a property that you like and go forward. Interest rates are low, home prices are as low as they have been in several years and in spite of the headlines, individuals are buying and selling and moving forward with their lives.
posted by shirley harry at 7:46 AM
0 Comments:
Post a Comment
<< Home