Homeowners who are in over their heads but have been unsuccessful at getting a loan modification may get some different help from Uncle Sam — $1,500 to move if they sell for less than they paid for the house, reports … Read More

The expected market time for foreclosures in Orange County is ”a mind numbing 1.14 months, a deep seller’s market,” says Steve Thomas of Altera Real Estate in his bi-weekly analysis of  local real estate. Foreclosures make up 33% of the housing inventory in … Read More

Click to enlarge Orange County home sales for less than a residence’s total debt increased 33.8% in January from the year before, Southern California Multiple Listing Service figures show. The listing service reported that 487 of January’s deals were “short … Read More

Here’s the latest distressed housing snapshot for Orange County and how local cities have fared as of  Thursday. The bi-weekly analysis is done by Steve Thomas at Altera Real Estate: . Slice All inventory Distressed Share By price:       … Read More

The short sale process isn’t working and has created ”a deluge of pending sales that take forever to close,” says Steve Thomas of Altera Real Estate. As of Thursday,he says, there were 6,706 outstanding pending home sales in Orange County, with 62% of … Read More

click to enlarge Sales of foreclosed and underwater homes accounted for 41.3% of all transactions by the end of 2009, down considerably from the start of the year, according to the Southern California Multiple Listing Service. But the decline was … Read More

Orange County’s housing mix has changed in a year, with more short sales and equity sellers and fewer bank-owned homes on the market compared to last January. That comes from Steve Thomas of Altera Real estate , who does a … Read More

Steve Thomas at Altera Real Estate reports the number of short sales actively listed in Orange County as of Thursday increased by 138 from two weeks earlier for a total of 2,318. In a short sale, a homeowner sells for … Read More

Steve Thomas at Altera Real Estate in Aliso Viejo reports there were 2,180 active short sales on the market last week in Orange County, up 1% from two weeks earlier. And there were 7,000 short sales that are “either active … Read More

The biweekly property inventory report by Steve Thomas at Altera Real Estate in Aliso Viejo says the number of O.C. distressed properties (homes listed by agents in the MLS system as foreclosures or short sales) was 2,537 last week — … Read More