• Home
  • Search
    • Search Tahoe/Truckee, CA
    • Search Incline Village, NV
    • Search South Lake Tahoe, CA
    • Search Reno & East Shore
    • Featured Listings
    • Search by Map
    • Sold & Pending Listings
  • Neighborhoods
  • Buyers
  • Sellers
  • Blog
  • About
    • Meet The Team
    • About Sereno
    • Testimonials
    • Review the Granger Group
  • Contact
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Search
    • FEATURED LISTINGS
    • Search Tahoe/Truckee, CA
    • Search Incline Village, NV
    • Search South Lake Tahoe, CA
    • Search Reno & East Shore
    • Search by Map
    • Sold Listings
  • BUYERS
    • Receive Listing Notifications
    • Why buy with Granger Group/Sereno?
    • Market Reports
  • SELLERS
    • What’s Your Home Worth?
    • Why List With Granger Group/Sereno?
    • Market Reports
  • Neighborhoods
  • Lakefronts
    • California Lakefronts
    • Nevada Lakefronts
  • About
    • Meet the Team
    • About Sereno
    • Testimonials
    • Review Us
  • Contact
    • Contact Us
    • Email Updates
  • Blog
Menu
company logo
(530) 581-0388 | Login / Register
  • Search
    • FEATURED LISTINGS
    • Search Tahoe/Truckee, CA
    • Search Incline Village, NV
    • Search South Lake Tahoe, CA
    • Search Reno & East Shore
    • Search by Map
    • Sold Listings
  • BUYERS
    • Receive Listing Notifications
    • Why buy with Granger Group/Sereno?
    • Market Reports
  • SELLERS
    • What’s Your Home Worth?
    • Why List With Granger Group/Sereno?
    • Market Reports
  • Neighborhoods
  • Lakefronts
    • California Lakefronts
    • Nevada Lakefronts
  • About
    • Meet the Team
    • About Sereno
    • Testimonials
    • Review Us
  • Contact
    • Contact Us
    • Email Updates
  • Blog
Menu
Home > News on Foreclosures

News on Foreclosures

October 19, 2010 by Linda Granger Leave a Comment

News on ForeclosuresRecent news on the foreclosures – a few major lenders have recently announced that they are halting foreclosing! Bank of America just stated they are stopping foreclosures in all 50 states. Other major lenders are halting foreclosures in 23 states.

The KCM Crew recently wrote an article entitled The New Foreclosure Mess: What It Means To You. They believe the “process of foreclosing may grind to a screeching halt.” The article states that you will be affected if:
1. You are a homeowner in the foreclosure process (banks are backing away from normal foreclosure process).
2. You are currently selling a house (bank-owned properties sell on average for 35% less than non-foreclosure sales).
3. You are currently buying a foreclosure (the portion of inventory that is bank owned is frozen because lenders want to verify who owns the property before moving forward with sale).

The article goes on to discuss how long this challenge will last and the overall impact on the market. Click on the link to read more about the foreclosure situation in America.

Filed Under: Uncategorized Tagged With: bank of america, foreclosures, linda granger, reo, tahoe bank of america, tahoe city foreclosures, tahoe city realtor, tahoe foreclosures, tahoe foreclosures for sale, tahoe real estate, tahoe realtor, tahoe realty, tahoe reo, truckee bank of america

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

agent image

Linda Granger

Serving Lake Tahoe & Truckee
(530) 581-0388 Linda Granger

Contact
New Listing Alerts What's My Home Worth Market Reports

What Clients Say

"Linda and her team were terrific. My Incline Village home was under contract within three days of listing. Linda handled our multi-seller, remote seller... continued"
- Joanna & David
All Testimonials
What's Your Home Worth? Free CMA

Footer

company logo
(530) 581-0388 Linda Granger|Email
3092 N Lake Blvd. Suite 3|Tahoe City, CA 96145
CA DRE# CA 01048013/NV B.1001129 | NV DRE# B.1001404

sitemap   •   admin   •   ©2023 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com