Shasta County Real Estate Update
Properties, Real Estate News
December 8th, 2009
SHASTA MLS REAL ESTATE UPDATE
Available residential listings: 1,369 (down from 1,398 last week and 1,402 two weeks ago)
Homes in escrow: 447 (down from 465 last week and down from 450 two weeks ago)
Homes closed escrow so far in December: 26
Homes closed escrow in November: 165
Homes closed escrow in October: 188
Homes closed escrow in September: 213
Homes closed escrow in August: 174
Homes closed escrow in July: 181
Homes closed escrow in June: 184
Homes closed escrow in May: 198
Homes closed escrow in April: 142
Homes closed escrow Year to Date: 1857
Fannie Mae Announces Deed-For-Lease Program
On November 5, 2009, Fannie Mae announced its new Deed-for-Lease Program (D4L) that allows eligible borrowers facing foreclosure (or their tenants) to stay in their primary residences. Under D4L, the borrower transfers ownership of the property to the lender through a deed-in-lieu of foreclosure and the borrower (or the tenant) signs a lease for up to 12 months. The program is designed for borrowers who do not qualify for other workout solutions, including modifications, or who do not meet their obligations under the modification. Read the details on Fannie Mae’s website.
REO/Repo Property Search!
Thinking of buying a REPO? Click here to view all homes that are owned by the bank and currently listed and available through the Shasta MLS Database! Don’t forget to call me if you would like additional information about any of these homes or would like to preview some…I’m here to help!
