Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Foreclosures.com, a company that offers training programs, lists of pre-foreclosure and post-foreclosure properties, and other support services for foreclosure buyers, reports that the strong home sellers' markets in northern and southern California are keeping home prices elevated and are allowing some troubled homeowners to avoid foreclosure. Alexis McGee, president of Fair Oaks, Calif.-based Foreclosures.com, states that the troubled homeowners can essentially sell their way out of foreclosure and save their equity. "They can sell their way out of trouble, getting cash for their equity." While the sales volume in northern California markets dropped about 35 percent from December 2003 to January 2004, the median price in that part of the state dropped about 1.6 percent. This low inve...