Comments on: Ventura County Home Sales-First 9 Months 0f 2008 http://venturacountyrealestatetalk.com/2008/10/22/ventura-county-home-sales-first-9-months-0f-2008/ Real Estate & Living in Ventura County Tue, 02 Mar 2010 20:10:14 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Mana http://venturacountyrealestatetalk.com/2008/10/22/ventura-county-home-sales-first-9-months-0f-2008/comment-page-1/#comment-386 Mana Fri, 24 Oct 2008 23:00:18 +0000 http://venturacountyrealestatetalk.com/?p=636#comment-386 Palmer, Your information is in a way correct. What is important to take into consideration is that Real Estate is very local. In our area the number of short sales and REOs increased significantly from last month (September). Palmer, Your information is in a way correct. What is important to take into consideration is that Real Estate is very local. In our area the number of short sales and REOs increased significantly from last month (September).

]]> By: Palmer http://venturacountyrealestatetalk.com/2008/10/22/ventura-county-home-sales-first-9-months-0f-2008/comment-page-1/#comment-383 Palmer Fri, 24 Oct 2008 22:06:00 +0000 http://venturacountyrealestatetalk.com/?p=636#comment-383 Mana, do you have any numbers on how many of the homes sold were distressed (short sales, foreclosures, REOs)? It's my understanding that around half of all homes sold last quarter in southern California were distressed homes. Also, we saw a spike in default notices in September after a lull in July and August due to a new California law requiring lenders to contact homeowners at least 30 days before the loan goes into default. If any of my information is off, please feel free to correct me (I have no shame). Mana, do you have any numbers on how many of the homes sold were distressed (short sales, foreclosures, REOs)? It’s my understanding that around half of all homes sold last quarter in southern California were distressed homes.

Also, we saw a spike in default notices in September after a lull in July and August due to a new California law requiring lenders to contact homeowners at least 30 days before the loan goes into default.

If any of my information is off, please feel free to correct me (I have no shame).

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