Pasadena Homes In Foreclosure, An Update

Will Banks Pick Up the Pace?

Reports, rumors and rumblings suggest 2011 could be the year that banks and other financial institutions move more homeowners and distressed properties into "Column F" as in foreclosure. After 2 to 3 years of government intervention and a half hearted attempt at loan modifications the industry now seems convinced that good intentions don't usually address a crisis of epic proportion. With months of cancellations, postponements, moratoriums, robo signing, and government mandated stays of … [Read more...]

Helping Pasadena Homeowner’s Avoid Foreclosure

Does Your Real Estate Agent Have This Designation?

The number of homes approaching foreclosure in Pasadena is approaching 700 and has been steadily rising for the past several months. As the moratoriums on foreclosures comes to an end, as homeowners exhaust all possibilities to keep their homes, it seems inevitable that the foreclosure rate will keep rising and rising for some time. If there is a silver lining to all of this the foreclosure process has overwhelmed the lenders that own the notes and there isn't enough manpower to expedite all of … [Read more...]

Pasadena Home Foreclosure Information

Foreclosure header

Searching Pasadena homes in foreclosure is now an option offered at up2daterealestate.com. Homes in some stage of foreclosure are becoming a much more critical factor in overall pricing and stability of the market. Pasadena has not experienced the foreclosure activity that some other areas of Los Angeles County or Riverside County have, but the numbers are continuing to grow. To provide you with an idea of the numbers in Pasadena and how you can access the data, enclosed are some simple … [Read more...]