Chico Foreclosures
Chico foreclosed properties number 70 with 174 more in default and pending auction. In contrast, Oroville, approximately 1/6th the size of Chico, has 84 foreclosed properties with 182 pending auction. Bad news for those expecting a turn-around in home values. To date 84 banks have gone into receivership nationally and the continued expectation is for many more before year end. The unemployment news today shows a continuing, although slowing, rise in numbers.
Despite some flurry in the stock market reasoned outlook calls for a protracted period of recession, kind of bumping along the bottom, since consumers don't have either the cash or the will to spend it to drive a turn upwards.
Our websites continue to offer a broad information base, foreclosure info, MLS listings, mortgage information, free credit reports, and property valuation data bases. We think information makes you stronger, so we do what we can. Additionally we offer a no up-front fee loan modification service to try to help those who don't want to go it alone.
As usual
Thanks for visiting
Despite some flurry in the stock market reasoned outlook calls for a protracted period of recession, kind of bumping along the bottom, since consumers don't have either the cash or the will to spend it to drive a turn upwards.
Our websites continue to offer a broad information base, foreclosure info, MLS listings, mortgage information, free credit reports, and property valuation data bases. We think information makes you stronger, so we do what we can. Additionally we offer a no up-front fee loan modification service to try to help those who don't want to go it alone.
As usual
Thanks for visiting
posted by Douglas Doss | 1:20 PM
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