First, in recent foreclosure news: Freeze Frame: O.C.’s distressed home sales (How is your city, price range, doing?) Warning: Avoid new ‘phony’ repo relief pitch Short sale process is ‘absolute crapshoot’ Every week, homes throughout Orange County go to foreclosure auctions. The owners can be millions of dollars in debt,…

Freddie Mac’s weekly mortgage survey shows … 30-year fixed-rate mortgage averaged 5.05% for the week ending February 25, up from 4.93% week ago and 5.07% a year ago. 15-year fixed: 4.40% vs. 4.33% week ago vs, 4.68% year ago. 5-year Treasury-indexed hybrid adjustable-rate: 4.16% vs. 4.12% week ago vs,…

First, in recent foreclosure news: Foreclosures seen for ‘many years to come’   Study: Latino ‘foreclosure generation’ devastated   Mass Transit a foreclosure fix?   Forecaster: ‘I don’t think this is a free lunch’ Every week, homes throughout Orange County go to foreclosure auctions. The owners can be millions…

New notices of default in Orange County in January dropped 29%  compared to last January, though they increased slightly from December, 2009, according to ForeclosureRadar.com . But new notices of trustee sales — homes headed to foreclosure auctions — went up 20%  from last January, though they were down compared to…

A report by a Latino advocacy group says minority families are being disproportionately hurt by the housing crisis and need relief from foreclosures even if they lost their jobs, as well as the chance to buy affordable homes and stronger consumer protections.  By 2050, Latinos will make up 30% of the U.S. population, compared to 14%…

A post on Economist Christopher Thornberg’s proposed “mulligan,” or do-over, rule for homeowners in trouble drew jeers and cheers. Details in a minute. Thornberg, who as many know was one of the first predictors of the housing crash and the recession, was speaking at a foreclosure conference recently when…

First, in recent foreclosure news: Foreclosure sales are ’sizzling’ How many homeowners are underwater? Would you walk away from a mortgage? Every week, homes throughout Orange County go to foreclosure auctions. The owners can be millions of dollars in debt, or owe just a few thousand. Often these homes…

What do you think of Christopher Thornberg’s “mulligan rule?” The California economist brought it up Saturday at a foreclosure summit in Anaheim hosted by longtime real estate brokers Tom Moon of Huntington Beach and Hugh Elder of Corona. The event drew real estate agents from around the country who…

First, in recent foreclosure news: Record foreclosure filings threaten housing recovery Lender repos ex-city manager’s $1M house Surf hostel sells, bank takes ‘huge bath’ Every week, homes throughout Orange County go to foreclosure auctions. The owners can be millions of dollars in debt, or owe just a few thousand.…

First, in recent foreclosure news: $1 million-plus homes in Coto’s repo pipeline Banks start foreclosures on 1,500 O.C. mortgages Every week, homes throughout Orange County go to foreclosure auctions. The owners can be millions of dollars in debt, or owe just a few thousand. Often these homes revert to…