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Awesome upgrades throughout including new quartz and marble counters, tile floors, stainless Kitchen Aid appliances and halogen lighting. New 50 year roof ’07, new steel building/shop with stained concrete slab and potter’s shed. Dual access, paved RV parking. Newer top of the line pellet stove, new vinyl windows and doors for energy efficiency. Located in a good Palo Cedro neighborhood.
Modern Redding home with a spacious floor plan that includes a family room, dining area, three bedrooms and two baths with an indoor laundry room. Home has newer laminate flooring, upgraded stainless appliances, and a gaslite fireplace in the familyroom. Good sized backyard with paved RV/boat parking. Good neighborhood across from Kids Kingdom.
RealtyTrac an online marketplace for foreclosure properties released its 2008 Foreclosure Market Report, which shows a total of 3,157,806 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 2,330,483 U.S. properties during the year, this represents an 81 percent increase in total properties from 2007 and a 225 percent increase in total properties from 2006. The report also shows that 1.84 percent of all U.S. housing units (one in 54) received at least one foreclosure filing during the year, up from 1.03 percent in 2007.
| Foreclosure filings were reported on 303,410 U.S. properties in December, up 17 percent from the previous month and up nearly 41 percent from December 2007. Despite the spike in December, foreclosure activity for the fourth quarter was down nearly 4 percent from the previous quarter but still up nearly 40 percent from the fourth quarter of 2007.
RealtyTrac publishes the largest and most comprehensive national database of foreclosure and bank-owned properties, with over 1.5 million properties from over 2,200 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal. “State legislation that slowed down the onset of new foreclosure activity clearly had an effect on fourth quarter numbers overall, but that effect appears to have worn off by December,” said James J. Saccacio, chief executive officer of RealtyTrac. “The big jump in December foreclosure activity was somewhat surprising given the moratoria enacted by both Freddie Mac and Fannie Mae, along with programs from some of the major lenders and loan servicers aimed at delaying foreclosure actions against distressed homeowners. “Clearly the foreclosure prevention programs implemented to-date have not had any real success in slowing down this foreclosure tsunami. And the recent California law, much like its predecessors in Massachusetts and Maryland, appears to have done little more than delay the inevitable foreclosure proceedings for thousands of homeowners.” The California law (SB1137), which required lenders to provide written notice of their intent to initiate foreclosure proceedings 30 days prior to issuing a notice of default (NOD), resulted in a reduction of NODs from 44,278 in August to 21,665 in September. Notice of Default filings then surged by 122 percent, to over 42,000, in December. Similar patterns have occurred in other states, such as Massachusetts and Maryland, where similar types of foreclosure prevention legislation has been enacted. |
The Great Shingletown Getaway!! A really neat A-frame in the trees 3 bedrooms 1.5 baths located on 1 acre in Shingletown. New paint and roof in 2006. 3 decks with one up stairs off master bedroom. Excellent trout fishing at Lake McCumber only a few minutes away. Plenty of area for RV, boat or toys.The Great Getaway!! A really neat A-frame in the trees 3 bedrooms 1.5 baths located on 1 acre in Shingletown. New paint and roof in 2006. 3 decks with one up stairs off master bedroom. Excellent trout fishing at Lake McCumber only a few minutes away. Plenty of area for RV, boat or toys.
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Parsons Realty represented the buyer in this transaction, listing agent was RE/MAX of Redding
I get asked this question on a regular basis, and it depends on the lender and your situation. In most cases the lender will not start foreclosure proceedings until you are at least three months delinquent. There are specific steps your lender will have to take in order to foreclose. The first step is the lender records a Notice of Default. This starts the timeline and triggers a number of other steps in sequence. We’ve put together a California foreclosure timeline that explains each step and when it happens.
https://www.parsonsrealty.com/parsons_realty/timeline.pdf
If you are facing foreclosure and have questions about possible options please download our FREE e-book “Avoid Foreclosure”.
https://www.parsonsrealty.com/parsons_realty/avoid_foreclosure/avoid.html
You need to know all your options, so you can make the best decision for you.