The number of home sales is finally increasing in Southern California, one of the hardest-hit areas. The bad news is that about half of the homes were sold as part of foreclosure proceedings, and it appears that many homes finally moved because of drastic price reductions.
foreclosure proceedingsCalif. Home Sales Up Amid Drastic Price CutsNPR Programs: Morning Edition Tue, 08/19/2008 - 11:13am
Major lenders freeze foreclosuresCNN Money Tue, 02/12/2008 - 11:42am
Six of the nation's largest mortgage lenders have temporarily stopped foreclosure proceedings, it was announced Tuesday, in a joint effort to cool the raging foreclosure crisis. Major lenders put freeze on foreclosuresCNN Money Tue, 02/12/2008 - 10:34am
Six of the nation's largest mortgage lenders have temporarily stopped foreclosure proceedings, it was announced Tuesday, in a joint effort to cool the raging foreclosure crisis. |
