Tag Archives: real estate market

How Many Homes Are In Foreclosure

Central Coast Homes For Sale

The majority of the Santa Maria homes for sale in the Santa Maria real estate area are mostly a byproduct of all the mortgage home loans that have gone bad and consisting of short sales and foreclosures.  Now I am not sure if the economy is really recovering or not as a whole,  although I am sure parts of the nation are.  It always seems that there is some kind of hype on how good the real estate  market is doing and how it is on the road to recovering.  But reality is that there are still millions of homeowners struggling to keep their homes and millions of homes that will either become part of the foreclosure market which will more than likely add to the pressures of forcing home values down even more than they are currently at.  The following information is reflecting the numbers possible foreclosures that are in effect for the month of February, 2011, as well the total number of homes that are distressed and how many homes have not made their mortgage payments and are in foreclosure or will be in foreclosure.


Information provided by Lender Processing Services Inc. (LPS), a provider of integrated technology, data and analytics to the mortgage and real estate industries, reports the following “first look” at February 2011 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans.

According to the LPS results:

►Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 8.80 percent

►Month-over-month change in delinquency rate: -1.2 percent

►Year-over-year change in delinquency rate: -18.4 percent

►Total U.S. foreclosure pre-sale inventory rate: 4.15 percent

►Month-over-month change in foreclosure presale inventory rate: -0.2 percent

►Year-over-year change in foreclosure presale inventory rate: 7.4 percent

►Number of properties that are 30 or more days past due, but not in foreclosure: 4,659,000

►Number of properties that are 90 or more days delinquent, but not in foreclosure: 2,165,000

►Number of properties in foreclosure pre-sale inventory: 2,196,000

►Number of properties that are 30 or more days delinquent or in foreclosure: 6,856,000

►States with highest percentage of non-current loans: Florida, Nevada, Mississippi, New Jersey and Georgia

►States with the lowest percentage of non-current loans: Montana, Wyoming, Alaska, South Dakota and North Dakota

For A FREE List Of Foreclosures & Pre Foreclosures On The Central Coast Click HERE

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If you have any questions about buying a Santa Maria home for sale in the Santa Maria Real Estate market or any properties on the Central Coastand need to get a loan in Santa Maria, CA or any where in the state of so I California not just on the Central Coast, so I can do California home loans, and first time home buyer loans, as well as refinance home loans and just plain simple mortgage loans. So please contact me by sending me an email at: GenePerez@GMSLoans.net

I do also service all the nearby communities and other markets such as the Santa Ynez real estate market, Nipomo Real estate market, Arroyo Grande real estate market, Grover Beach Real Estate Market, and all other surrounding areas regarding the homes on the Central Coast.

my goal is to provide you with resources you need. I can also help in getting the financing for your home. If you have any suggestions or questions in how I can provide more or better

information please let me know. I have been helping my clients for the last 15 years on the Central Coast, Gene Perez – 805-448-7101 , DRE 01321588

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Gene Perez is Licensed Real Estate Broker for Valley Hills Realty and a mortgage broker for Greater Mortgage Solutions.

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