As a Lake Nacimiento Real Estate agent, I am constantly aware of the national housing market as well as how California is fairing and, more specifically, the Lake Nacimiento Real Estate market. In recent news, The Foreclosure Report gave insight into the increase in foreclosures over the past month in the national average and individual states.
While seeing the market ebb and flow drastically over the past few years is not always what potential buyers or sellers want to know about, I feel that keeping you up to date on the current real estate market is important! My goal is to make sure you’re fully aware of what’s going on and to let you know how you can best navigate through the current Lake Nacimiento Real Estate market.
Here’s The Foreclosure Reports most recent release of foreclosures in California for August:
Notice of Default filings increased 69.5 percent to the highest level in a year. Notice of Trustee Sale filings were up more moderately, rising 6.0 percent month-over-month, but down 23.6 percent year-over-year. Cancellations were nearly flat, up just 1.9 percent from July. Activity on the courthouse steps increased in August. Properties Sold Back to Bank (REO) increased 12.3 percent from the prior month. Properties Sold to 3rd Parties rose 9.9 percent month-over-month, and 10.8 percent year-over-year. Time to Foreclose increased to 333 days in August, which is 49 days longer than a year ago.
If you are concerned about facing foreclosure in your Oak Shores or Heritage Ranch home on Lake Nacimiento; I would love the opportunity to talk with you! There are a number of other options that are available to you and will not be as damaging as going into foreclosure.
A short sale is an excellent option and, as a Certified Distressed Property Expert, I can answer your questions and walk with you through each step of a short sale. Don’t wait until it’s too late! Feel free to contact me today to discuss the best options for you and to easily get out from under the burden of an underwater home.
Together we can take the path through the Lake Nacimiento Real Estate market that ensures your future success in the market!
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty
Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.
Please let us know how we can help!