The sold statistics are in for October and the number of homes sold in October is similar for each of the three cities to the numbers for September. Also, the asking price is very close to the selling price for each size home for Ventura, Oxnard and Camarillo.

Citigroup joined JP Morgan Chase, Bank of America, FDIC (IndyMac) and Wells Fargo (after it completes its purchase of Wachovia), in unilaterally attempting to do loan mods for about 500,000 homeowners who are holding about $20 billion in mortgages. Read the rest of this article »

The stats are in for single family homes and condos that have gone into escrow for October. In past months we’ve repeatedly said that Oxnard is white hot and the October pendings continue to show very strong sales activity.

September and October have seen a huge drop in foreclosure filings. The first step in the process is the filing of a Notice of Default (NOD) and these past 2 months have seen a 2/3 or more drop in filings. The first column is for the NOD, the second is for the Notice of Trustee Sale (when the auction is scheduled), and the last column is after it’s gone to sale (bank REO). There’s a huge political drive at the State and Federal level to stop foreclosures, and these numbers bear it out.

These numbers come from ForeclosureListService.com

Governor Schwarzenegger proposed yesterday a 90 day freeze for homeowners who have had a Notice of Default filed on their mortgage. Read the rest of this article »