Short sales are tough enough these days without this latest bit of news. Just this week, Altera Real Estate’s Steve Thomas reported that the backlog of Orange County short sales is dizzying . About half of O.C. short sales — or sales in which a home is sold for…

A waterfront Newport Beach home that reverted to the lender in May at $7,790,000 and went back on the market at $10,900,000 has sold for $9,050,000.  The 5,000-square foot, Cape Cod-style house at 2706 Bayshore Drive has 4 bedrooms and 6 baths and sits on a 7,026-square foot double lot. The…

One out of every four homes sold in Orange County in June went for less than the seller owed on the mortgage, according to the latest figures from the Southern California Multiple Listing Service. Click to enlarge SoCal MLS figures show the monthly tally of “short sales” continued its…

The inventory of homes in foreclosure and short sales that are on the market in Orange County has grown by 29% so far this year, says Steve Thomas of Altera Real Estate in his bi-weekly report of the Orange County housing market. He writes: “The active distressed inventory has…

Almost one out every every four Orange County homes sold in May went for less than was owed on the mortgage, new figures from the Southern California Multiple Listing Service show. Of the 2,778 homes sold through the MLS, 672 or 24.2% of them were so-called “short sales.” By…

On Monday we showed cities with high and low shares of distressed properties in the Orange County market , according to a bi-weekly analysis by Steve Thomas of Altera Real Estate. Here are all cities: . City  Active listings Foreclosures & Short Sales % of Active Inventory Aliso Viejo 200…

Here’s the latest on Orange County’s foreclosure and short sale market, from Steve Thomas at Altera Real Estate, who does a biweekly analysis. He says:  “The distressed inventory continued its slow climb this year, adding an additional 89 homes in the prior two weeks and now totaling 3,080, a…

The public has less interest now in buying foreclosed homes than it did a year ago, a new survey shows, prompting concern about who will buy all the respossed homes coming on the market and the effect on a housing recovery. Consumers who would consider purchasing a foreclosure dropped…

The share of distressed homes for sale in Orange County is at 29.8% compared to 35.9% a year ago, says Steve Thomas of Altera Real Estate, who does a biweekly analysis of the Orange County real estate market. He says: “The number of active distressed homes on the market,…

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 the New York Times . Under the Obama Administration…