CA Foreclosed Homes

Thursday

Find Your Foreclosure In CA. Valley homes are the most affordable in California...




Related comments:

*I really need to find my first foreclosure in CA in order to make some money in the next few months.

*California foreclosure homes are really going for great prices right now.


Home affordability has set a record in the Northern San Joaquin Valley.

Families can afford a higher percentage of homes in Stanislaus, Merced and San Joaquin counties than in any other region in California. And nearby Madera is the most affordable county in the state, data released today show.

In Stanislaus, for example, median-income families could afford 83.6 percent of the homes sold during April, May and June.


Read entire article here:




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Tips on Choosing Exterior House Colors and Materials

By Nazim Nice

Choosing exterior house colors can be quite a challenge. It often takes years of experience to learn what colors and materials will work together. The average person has never done this before and certainly dooesn't have training or professional experience. And choosing the wrong color paint or material can be a very expensive mistake that you'll likely have to accept for many years (or spend a lot of money to fix). Here are some tips to help you make the right choices.

Choosing the Right Paint Colors

The most common error I see in choosing exterior house color is that the color is too light. The sun will wash out colors outside, so choosing a light color will end up looking like white. When choosing colors, keep in mind that they usually need to be more grey or brown than you think. For example, a grey with a tint of green in it will read more green than you usually think when painted on the entire house. If you choose a color and can say 'now that's green', you've probably choosen too 'green of a green'. The primary exception to this rule would be in more tropical locations such as Florida or other locations where a lighter more reflective color is desired to keep a house cool. Here pastel and brighter colors can work very well.

If you are having trouble choosing siding and trim colors, keep them related to each other, like a cream trim and a darker beige on the same paint chip strip. Then add an accent color like a deep eggplant color.

Tips on Choosing Window Colors

Many homes have vinyl windows which will usually be white. Painting white vinyl with a dark paint can be disastrous because of the expansion of the vinyl in sunlight. The dark color will cause the vinyl to expand even more than normal, leading to paint and possibly window failure. If you have trim around a white vinyl window, it often works best to paint that trim white too. That will tend to make the vinyl windows blend in more, and look more like a traditional wood window.

If you are choosing new windows and you want to paint your house a darker color, consider choosing a window that is cream or almond color. A bright white window on a very dark house color will generally have too much contrast. If you choose cream or almond windows, and paint the trim a coordinating color, it will work better with the darker paint scheme. There are a few manufacturers that product a grey vinyl which can work well with a more modern house or a house with metal siding, or even brick. Generally I don't care for white vinyl on brick homes, unless the house is very traditional. Choosing a grey or almond window will almost always look better. If you have the budget for wood or metal clad windows, then you'll have many more color choices, and the mid-tone to darker colors often look better with brick.

Painting Brick:

Just because you have a brick house, don't automatically rule out painting the brick. You will still have the texture of the brick, but you won't be stuck to the same color, which date many, many homes. Of course, if you have a Frank Lloyd Wright mission style brick home, don't paint it! But most of our homes are not so inspired. Painting the brick can really freshen up a dark and dreary house. Consult a good paint store when painting brick to be sure to get compatible products.

How to Choose the Right Accent Colors

This is a place where you can afford to be a little riskier because generally accent colors are limited to a smaller area. I compare this to a woman who puts on makeup: the accent color is like putting on mascara and lipstick. But keep it classy! You know what too much makeup does to a woman. The same goes for a house.

How to Choose Roof Colors

When the roof of a house is visible, it can be a very prominent element. Choosing the wrong color roof is a very expensive mistake so it's important to understand some general rules. When choosing the roof, consider what color the house is going to be painted (or if it is brick or stone, consider the general tone of the material). If the house is being painted warmer colors, then a brown roof will be the right choice. If the house will be cooler colors (like greys, blues or greens), then a dark grey roof will work better. If you have to decide on a roof color first, one of the most common and versitile choices is a dark grey color. If your house used to have wood shake shingles and you are replacing it with a composition shingle, most manufacturers make a dark brown color that is similar to shake colors. If you are installing a metal roof, consider colors other than the traditional green, which works well on buildings with log siding, but not too much else. Again, choose a color that will allow you some flexibility in your house paint color choices.

Choosing colors can be really challenging. Remember, don't choose from a little paint chip! Even trained professionals have large sample boards painted (or paint directly on the house). Purchase a quart of a few colors of paint and look at your samples in different light and on different sides of your house. Color can change dramatically in different light, so put in the time to choose the right colors. When you do the results can be an amazing transformation.

About the author:
Nazim Nice is an architect at [http://www.motion-space.com]Seattle Architects: Motionspace Architecture + Design PLLC and has over 12 years of experience designing residential remodeling projects. He is also the founder of Lumen

ID, a company that makes custom engraved switchplates with [http://store.lumenid.com]switch labels.


*****************************************************************

How to Give Your House a New Look

By Chuck R Stewart

Many people are upgrading their houses for many different reasons. Some may look at their pantry cabinets or kitchen appliances and realize that they need upgrading. Others may look at their kitchen pantry storage or cabinet space and want to expand the size of their kitchen. An upgraded house can increase the value of a home tremendously when trying to sell. With the current state of the home market, any difference that can make your home appeal to a buyer will be vital. These changes could also be a matter of functionality. If your current appliances are so old that they do not work, then it only makes sense to buy new updated equipment.

Another part of the house that a lot people frequently update is the bathroom. It is another aspect that home buyers are very interested in. Updating a bathroom may require a few different things. If the bathroom is very old, you may have to replace the entire bathtub or shower. Otherwise you could just buy new bathroom fixtures that give the room a new look. The flooring and countertops in a bathroom are things that many buyers look at. Two popular choices are marble or ceramic tiling. These give the bathroom a very classy appearance and are functional as well. You can add extras to your bathroom to further increase the appeal. One of these extras is heated floors. With ceramic or marble tiles, the floor of your bathroom can be very cold, so now they can put heating instruments under the floor to eliminate that problem.

Bathrooms are very important selling points to a house, especially when it comes to the master bedroom. Normally, the buyer of a home is going to be sleeping in the master bedroom. That means that the amenities to the bedroom are going to be very important to the selling of your home. The master bathroom is included among these. It just goes to show how important updating just one bathroom in our house can be. Walk in closets and other extras are nice, but many buyers look at the bathroom first when evaluating the master bedroom.

The key to selling your home is making sure that you have what the buyer is looking for. This may mean that you have to make certain changes when you find an interested buyer. The person may take a look at your home and notice a few things that they would like changed before they will buy the house. Then it is your choice, you can either spend the money to make the changes or hope that someone else will be interested in the house. That could be a very big risk considering how poor the economy is doing, which has a huge impact on the housing market. A good realtor should prepare you for all the trials that come with selling your house. They should know the difference between an upgrade to help sell the house and an investment that will not pay off.

Chuck R Stewart recently purchased a beautiful [http://www.wgwoodproducts.com/]pantry cabinet and [http://www.wgwoodproducts.com/]kitchen pantry storage unit for his remodeled kitchen.








CA Foreclosed Homes

Tuesday

CA Foreclosed Homes : Updated. See What's New Today...



Southern California Home Prices Fall on Foreclosures

By Dan Levy

Aug. 18 (Bloomberg) -- Southern California house and condominium prices fell 23 percent in July from a year earlier as foreclosures dominated sales, MDA DataQuick said.

Read entire article here:


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Why Square Footage Matters! Larger Homes Indicate Stable Values

By John Watch

Single Family sales activity through May 31, 2009 indicates that Northeastern Queens property values are stable across various segments of the market. Covering the areas of Bayside, Beechhurst, College Point, Douglaston, Flushing, Little Neck and Whitestone, 2,750 sales since 2003 that sold for over $10,000 are included in this analysis compared to 11,724 sales for all of Queens.

Median Sale Price: Analysis of the Queens County Single Family market indicates property values have declined 18% from 2008 and 21.3% since 2006. The sub-market of Northeast Queens indicates that property values are down 12.8% since 2006, with most of the decline occurring in 2009.

A more detailed analysis of the median sale price based on the square footage of the residence indicates an entirely different pattern of price value changes. When the sales data is stratified into the calculated rate per square foot based on sale price, the rate of change for Queens County is -10.58% since 2006 versus -21.3% based on the Median Sale Price. For Northeastern Queens the rate of change is -.37% versus -12.8%. The data clearly indicates that building size represents a significant impact relating to the value of the property.

Sales are stratified into 10 Building Size Groups in order to analyze the demand in the local markets. The most common property being sold is under 1,250 square feet representing 911 sales. This group of properties indicates a weaker overall value indicator which is 5% lower than 2008 and 9.9% lower than the peak of 2006.

Conversely, larger homes appear to be in demand and show no significant indication of property value declines. Houses from 1,750 to 2,000 square feet indicate an overall increase of 12.8% since 2006 with 286 sales analyzed. 2,000 to 2,500 square foot homes experienced a 5% overall since 2006 for a total of 374 sales. Both groups of properties indicate in increase in values from 2008 to 2009.

Overall larger homes appear to be holding stable with modest increases over the past three years when analyzed on a price per square foot basis. The greatest weakness in the market is homes under 1,750 square feet which on an overall basis declined by 13% since 2006, most of this occurring in homes under 1,250 square feet. This pattern appears to be consistent with other areas of Queens and New York City.

Property values in Queens County have declined 10.8% since 2006 based on the sales analyzed. Properties purchased in 2006 and 2007 represent a risk for longer recovery given the decline in values since 2006, but this does not apply to all areas of Queens. There is a definitive decline in sales activity since 2008; however as the peak selling season of May and June continues, sales activity is projected to increase and property values are projected to remain stable with modest increases. Northeastern Queens remains a strong area to live and property values are expected to remain stable into 2010.

John Watch

President & CEO, http://www.AccuriZ.com

*******************************************


Tips to Short Sell Your Home

By Randolph Rempe

We all know that the real estate market is currently swimming in a large amount of trouble. People no longer have the money to buy new homes. On top of that, those who do own homes are suddenly finding themselves in an upside down mortgage. This happens when the house is worth far less than what the person owes on this. If you are breaking under the pressure of your mortgage, it may be time to sell. Selling your home is another great way to get out from under a current foreclosure. If you are in a hurry and do not have a lot of time to waste you might want to try a short sell.

There are many advantages that come along when you do a short sell. For one thing, the buyer is going to be getting a great discounted price on the current home. The person that is selling the home will be able to get out from under their home. This means if you are facing a foreclosure, you should look to short sell so that you can get out quickly.

There are many things that you need to know about before you actually get started with this selling process. For one thing, you need to decide if you need a real estate agent or not. Real estate agents can get the job done in a quick amount of time.

The only problem that comes along with working with an agent is the fact that they cost extra money. If you already do not have money, it may be best to sell your home all by yourself. This may be trickier and more hard work, but it will keep you out of more debt.

You need to determine the current market value of your home. This can be difficult for most people. At one point you may have bought your house for more than it is worth in the market today. You can talk to an agent for free about the value of homes within your neighborhood. Of course, you can always get this information online as well.

From there, you can put your home up for sale and see who bites. If you already have someone that wants to buy your home you can get the short sell process started. Remember, the sooner that you get your home sold, the better your life is going to become.

Many people do not actually exhaust all of their options. If you have not talked to your loan company, you may want to. There are ways that you can avoid foreclosure and short sell. Many companies are a lot more willing to work with people to keep them in their homes.

Right now, everyone is struggling. The state of California is completely bankrupts and many other states are starting to follow. If you need a quick way out from under your future foreclosed home, look for a short sell. This is going to be the best way for you to get out and start all over again.

Guide to understanding how a Short Sell will help you cope with the current economic crises, now available on http://www.nphsrealestate.org/short-sale-experts



CA Foreclosed Homes

Take Note: Foreclosure protection program a success...

By Lisa Thomas-Laury

Philadelphia celebrated the one-year anniversary Tuesday of a city-run program that's been working to prevent home foreclosures, a program that has become a model for other cities across the nation.

It's called the Residential Mortgage Foreclosure Diversion Program. Of the thousands of people who have participated in the program, nearly 30-percent have been saved from foreclosure.

"At first I felt like just giving up but I had worked hard for this home."

Deserie Jones-Wright is a retired Philadelphia police officer; injured in the line of duty. Last summer, she found herself in foreclosure.


"My mortgage escalated because I wasn't on a fixed rate, my pension was only $2,055. My mortgage went up to $975."

That was 2 months after the inception of Philadelphia's Mortgage Foreclosure Diversion program which brings together homeowners, lenders, pro bono lawyers, and housing counselors every Thursday inside City Hall courtroom 676 to help save people's homes all over the city.

"We were about to face a tsunami of foreclosures based on predatory lending," said Councilman Curtis Jones.

The Councilman met with Judges Darnell Jones and Annette Rizzo.

"The program has been a lynchpin to bring in a seniors and assist them in keeping their homes and to offer other services to stabilize communities," said Honorable Annette Rizzo.

"Believe you me ideas are one thing but people who can make it come to fruition wholly different matter," said Honorable Darnell Jones.

Tuesday they came to celebrate a successful first year, with nearly 5,000 homeowners participating since last June about 1400 have been saved from foreclosure.

"It shows that a good idea can really take place and can do great things."

"When you work hard all your life and did all the right things you just don't think things like this can happen to you but they can."

Now, Deserie says she'll do whatever she could to help prevent the loss of home.

"If I have to go across the world to speak, I will, because it helped me, saved me and helped my children."

As we mentioned, Philadelphia's Mortgage Foreclosure Diversion Program has gained national attention. New York City wants to model a program after it. Pittsburgh and Boston have already implemented the same program. New Jersey, Kentucky and Maryland have visited Philly, to learn more about it and inquiries have come from as far away as Florida, Arizona and California.

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CA Foreclosed Homes

Sunday

Fresno CA Foreclosure : House Prices Likely To Crash Through Fair Value And Bottom Down 45%-50%

House Prices Likely To Crash Through Fair Value And Bottom Down 45%-50%

Henry Blodget-The Business Insider


House prices are finally approaching fair value. Unfortunately, unless the housing bubble behaves differently than almost every bubble before it, house prices will now crash right through fair value and stay below it for a number of years.

When prices do finally bottom, moreover, they aren't likely to recover quickly.

Whitney Tilson and Glenn Tongue of T2 Partners have put together an excellent presentation on the housing and mortgage markets. It's embedded here. Here are some key exhibits supporting the house prices will continue to fall another 10%-20% from today's level, as well as an excerpt of Whitney and Glenn's logic.

See Also: The Five Waves Of The Housing Collapse


House prices are finally approaching their long-term trend. Note, however, that this is the trend because prices have spent about half the time below it:

housepricetrend.jpg


If house prices stop falling at fair value (trend), this will be one of the first bubbles in history in which this has happened. Here's a GMO chart showing the mean-regression of a dozen prior bubbles.

bubbletrends.jpg


Here's some detail on two stock-market bubble-corrections. Note how far and how long prices fell below fair value:

bubblesovershoot.jpg


And here's Whitney and Glenn's take on the future of house prices:

We think housing prices will reach fair value/trend line, down 40% from the peak based on the
S&P/Case-Shiller national (not 20-city) index, which implies a 5-10% further decline from where
prices where as of the end of Q1 2009. It’s almost certain that prices will reach these levels.

• The key question is whether housing prices will go crashing through the trend line and fall well below fair value. Unfortunately, this is very likely.

In the long-term, housing prices will likely settle around fair value, but in the short-term prices will be driven both by psychology as well as supply and demand. The trends in both are very unfavorable.

– Regarding the former, national home prices have declined for 33 consecutive months since their peak in July 2006 through April 2009 and there’s no end in sight, so this makes buyers reluctant – even when the price appears cheap – and sellers desperate.

– Regarding the latter, there is a huge mismatch between supply and demand, due largely to the tsunami of foreclosures. In March 2009, distressed sales accounted for just over 50% of all existing home sales nationwide – and more than 57% in California. In addition, the “shadow” inventory of foreclosed homes already likely exceeds one year and there will be millions more foreclosures over the next few years, creating a large overhang of excess supply that will likely cause prices to overshoot on the downside, as they are already doing in California.

• Therefore, we expect housing prices to decline 45-50% from the peak, bottoming in mid-2010

• We are also quite certain that wherever prices bottom, there will be no quick rebound

• There’s too much inventory to work off quickly, especially in light of the millions of foreclosures
over the next few years

• While foreclosure sales are booming in many areas, regular sales by homeowners have plunged,
in part because people usually can’t sell when they’re underwater on their mortgage and in part
due to human psychology: people naturally anchor on the price they paid or what something was
worth in the past and are reluctant to sell below this level. We suspect that there are millions of
homeowners like this who will emerge as sellers at the first sign of a rebound in home prices

• Finally, we don’t think the economy is likely to provide a tailwind, as we expect it to contract the
rest of 2009, stagnate in 2010, and only then grow tepidly for some time thereafter.

CA Foreclosed Homes

Friday

Mortgage crisis robbing seniors of golden years: Sacramento CA foreclosures

By Stephanie Armour, USA TODAY

Howard Weiss is 77 and scared.

This year, the semiretired distributor from Phoenix ran into financial problems and stopped making his mortgage payments. He was told his home was scheduled for a foreclosure auction in May.

So Weiss scraped together more than $2,000 to stave off the foreclosure. He's still trying to figure out if he can get a mortgage modification so he can afford his home.

"This is the biggest mess I've had in my life," Weiss says. "I could break down and cry. I was about to lose everything. I've been through (the Korean War), through a lot of crises. Now I've turned everything over to the Lord. ... I'm so stressed this is going to kill me."

The worst economic crisis since the Great Depression has slashed home values and triggered an unprecedented surge in foreclosures across the nation. It's also taking an especially harsh toll on an often overlooked demographic: seniors who are retired or nearly so.

Conventional wisdom holds that most seniors have paid off their mortgages or have significant equity in their homes, but in reality hundreds of thousands are suffering in the housing crisis.

This population is being hit on all fronts. More than 600,000 seniors are delinquent or in foreclosure, according to AARP. A separate report by AARP found that 25.5 million seniors ages 50 and older have a mortgage. Unlike younger people, many are on fixed incomes and lack the money or job opportunities to catch up on payments when they fall behind.

Some seniors have been victimized by predatory lenders or made bad financial decisions, taking on adjustable-rate mortgages that reset to payment levels they couldn't afford. For others, their mortgage problems grew out of other financial pressures, such as staggering medical bills or helping adult children through financial difficulties.

Even those who own their homes free and clear are finding they can't rely on equity as a retirement nest egg because home values have dropped severely, especially in retirement-rich areas such as Florida, Nevada and California.

Some seniors who had planned to sell their homes and move into retirement communities have had to postpone their plans because they can't afford to take a loss on the sale of their current homes. Some older homeowners had been so confident that rising home values would provide retirement wealth that they neglected to save.

Now they face their final years with a dearth of financial resources to draw on. Thirty-six percent of workers ages 55 and older say the total value of their household's savings and investments — excluding the value of their primary home and any defined benefit plans — is less than $25,000, according to the Employee Benefit Research Institute.

Reversal of fortune

"It's terrible," says Dean Wegner, a certified credit counselor and mortgage specialist in Phoenix who has worked on Weiss' case. "I've got a lot of seniors who have just been nailed. They don't have retirement savings, and they've exhausted their equity. They're upside down (owing more on their mortgage than their homes are worth), they can't refinance and they're on a fixed income. They're scared to death. You can hear it in their voices. It's a sad situation."

Weiss' case reflects what many seniors are going through.

He was paying about $1,700 a month on his mortgage when he began having problems making payments because he was helping his son, who was unemployed. Because his home had lost so much value — from $290,000 to about $120,000 today — he couldn't refinance and lock in a lower rate.

Instead, he contacted an organization in Florida that he says offered to help him get a loan modification from his lender before Wegner got involved in the case.

Weiss says a counselor there advised him not to make payments on his home loan so he would be in a better position to negotiate a modification with his bank. He says he sent the organization $2,400 upfront to get the modification started.

So far, Weiss hasn't gotten any modification of his mortgage.

And because he got behind in payments, Weiss' lender began foreclosure proceedings on his home. According to Wegner, Weiss' bank also tacked the three months of back payments he hadn't made onto his loan balance.

That has left Weiss, who lives on a fixed income, scrambling to come up with money to save his home and pay $2,400 a month to catch up. That includes interest on the payments he didn't make.

His monthly income is about $4,000, which includes veteran disabilitychecks, money from his wife's retirement fund, his income and Social Security.

His wife, who lives at home with him, has Alzheimer's disease and is unaware of the situation, leaving Weiss to carry much of the financial worry.

Many others share his plight. Americans 50 and older represent nearly 30% of all delinquencies and foreclosures, according to an AARP analysis released in September.

The analysis found that more than 684,000 seniors 50 and older were delinquent on their mortgages or in foreclosure. Among those, nearly 50,000 were in foreclosure or had lost their homes.

The impact of subprime lending also has fallen disproportionately on those 50 and older.

Older Americans with subprime first mortgages — those given to borrowers with less-than-perfect credit — are nearly 17 times more likely to be in foreclosure than Americans of the same age with prime loans, according to AARP. For those under 50, the comparable multiple is about 13.

Such seniors "have saved up very little outside of their home and banked on home prices rising. No one talked about them falling, so they were heavily leveraged," says Dean Baker, an economist at the Center for Economic Policy and Research.

"This whole group is going to be hugely dependent on Social Security, and people don't fully appreciate the magnitude of the problem."

Some are simply planning to walk away from homes they no longer can afford.

Shawn Lee, 56, a retiree who owns a home in Seattle, had planned to sell it and retire to his other property in Mesa, Ariz.

He bought the Arizona home for $400,000 a few years ago; it's now worth about $200,000. With his retirement savings hit hard by stock market declines, he doesn't want to spend what savings he has making payments on the second home.

"I would have to spend my little bit of savings. It's a very tough situation," says Lee, who retired from the import and export business. "I decided I have to walk away. I won't have any money for retirement if I keep up with the payments."

Carrying mortgages at 60

Many seniors still owe on their homes.

In the fourth quarter of 2008, about 46% of older Americans around 60 who researched reverse mortgages had an existing traditional mortgage with an average debt of $149,683, according to Golden Gateway Financial. A reverse mortgage is one that makes payments to the homeowner from a home's equity.

There are few special programs among lenders or government agencies geared to help seniors with mortgage problems.

Mortgage giants Freddie Mac and Fannie Mae have none, and neither do some of the nation's largest lenders, such as JPMorgan Chase and Bank of America. The Department of Housing and Urban Development does offer a reverse-mortgage program for seniors.

Much of the help comes from non-profits and other services aimed at helping seniors. Legal Services, which provides counseling for low-income clients, reports that seniors with fixed incomes are especially vulnerable to being displaced by foreclosure.

The mortgage woes facing seniors also are creating challenges for retirement communities and assisted-living centers, which are finding that new members can't move in because they are saddled with homes they can't sell.

"We have found that the retirement communities, in particular, are struggling, since people usually sell their homes to finance the entry fees," Lauren Shaham, spokeswoman for American Association of Homes and Services for the Aging, said in an e-mail.

Two years ago, Fred Schoch, 75, a retired butcher in Hartwell, Ga., got on a waiting list for a retirement community. But now he can't sell his lakefront, 1-acre property because the market is so sluggish. A neighbor has had his home on the market for more than a year.

So Schoch and his wife, Joyce, have had to delay their retirement plans and are struggling to maintain the land. "Sooner or later, it'll be too much to take care of," Schoch says. "To buy into another place, we need money from this place. If we could sell, we'd move now."

Housing bubble's legacy

A substantial proportion — perhaps one-third — of older householders ages 55 to 64 will be less secure in retirement because of the housing bubble and its aftermath, according to a September analysis by the Center for Retirement Research at Boston College.

Vanished equity may be most threatening to seniors who own homes in markets that have seen the steepest price drops, such as Arizona, Southern California and South Florida.

"Their home is their largest asset, and that's taken a substantial hit. It's really impacting retirees right now," says Pete Flint, CEO of Trulia.com, a real estate search service.

"It's sad to see them go into foreclosure in their twilight years. It's very tragic," says Flint.

Macon McDavid and her husband, Jim, aren't facing foreclosure, but the vision they once had of their golden years is no more.

Instead of retiring, McDavid, 72, is sending out résumés in hopes of getting a job to help make ends meet. She and Jim own a home in Raleigh, N.C., and a vacation cottage in Sunset Beach, N.C.

When their son became ill, they spent about $70,000 on his medical care before he died. They were forced to take out a second mortgage. Meanwhile, the retirement savings they'd invested in the stock market lost about half its value.

Macon McDavid says they now have no choice but to sell one of the properties. The problem: There are no buyers, and the couple can't afford to take the loss they'd incur at current market prices.

"Our concern is about making payments. We have to decide which house to sell, but just because you put it on the market doesn't mean it will sell," McDavid says.

"All our life we worked to be where we are, and we're not there anymore."

SENIORS FEELING POORER | Story
Estimated wealth of households in the 55-64 age group and 65-74 age group in 2009 and change compared with households in those age groups in 2004*:
Households ages 55-64
Wealth
Change
Median net worth
$159,800
49%
Median financial assets
$52,600
41%
Median equity in all real estate
$65,900
54%
Households ages 65-74
Median net worth
$214,100
13%
Median financial assets
$79,600
81%
Median equity in all real estate
$98,200
27%
* = excludes wealth in defined benefit pensions. Source: Center for Economic and Policy Research


I wonder what the California foreclosures situation will look like in a year.


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Recent comments:

We live in Sacramento, and the Sacramento ca foreclosures are looking really bad right now.

I really need to look into the Sacramento ca foreclosure numbers so that I can capitalize on them soon.

We just bought a house from a group of Sacramento california foreclosures.

Pretty soon we will look for current foreclosures in Sacramento ca.

CA Foreclosed Homes
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