Pleasant Hill Real Estate For Sale | The East Bay Homes and Loans

Expect most of the Pleasant Hill Real Estate Foreclosures to be delayed until 2012. I estimated 75% of the foreclosure-related notices for defaults, auctions, and home repossessions that should be filed by lenders this year will be pushed back until next year in Pleasant Hill California. While the delays could give Pleasant Hill Real Estate owners more time to catch up on their payments and try to avoid foreclosure, this could mean the looming shadow inventory of distressed Pleasant Hill real estate properties likely will continue to plague the Pleasant Hill real estate market even longer.
The best-case scenario is we don?t get back to normal levels of foreclosure activity until 2015 in Discovery Bay, which means the Pleasant Hill Real Estate housing market recovery gets delayed by at least a year. Foreclosure Notices Drop, Threat Still Looms
Overall, the number of homes repossessed by lenders in the first half of this year dropped 20 percent compared to the same period in 2010. But Pleasant Hill real estate foreclosure processing delays with lenders taking longer to take action against delinquent borrowers in Pleasant Hill is stalling the housing recovery. About one in every 112 Pleasant Hill Households received a foreclosure-related notice in the first six months of this year. The foreclosure process with Pleasant Hill Real Estate continues to lengthen too. From June and July, homes took 318 days on average to go from the first stage of foreclosure to ultimately where it was repossessed by the lender up from 298 days in the first three months of the year. Delays in Bank Processing Push Likely Pleasant Hill real estate. Foreclosures Until 2012, Stalling Recovery, to see today?s homes for sale just click here http://www.eastbayhomeandloan.com/professional27.shtml or call tony at 925-222-5011

Source: http://theeastbayhomes.com/?p=3836

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