Americans find distressed listings and foreclosures are not just for low-income households. The housing crisis also affects famous people, like baseball star Lenny Dykstra.
California received its share of third round of financing from the federal government. The funds will be used to restore foreclosure properties, including Stockton foreclosure homes.
The list of multi family homes and other residential properties is expected to expand in the coming months as more homeowners in California enter foreclosure in the third quarter.
Some analysts worry that available bank and federal foreclosure listings data are not exact. Shadow inventories, or foreclosure inventories held off the market, make some analysts wary.
Home foreclosures in Los Angeles are tapering off, sparking increases in house prices. The median for new homes rose to $449,750 in December and the median for existing homes rose to $398,750 in January this year.
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