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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 14 Aug 2005 01:03:19 -0700
/ Author of the message: kuacou241@yahoo.com |
Title of the message: |
LAT: Mortgage Defaults Expected to Grow
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Text of the message: |
latimes.com Mortgage Defaults Expected to Grow With home-price rises slowing, many Californians behind on payments won't be able to avoid foreclosure, a research firm says. By Annette Haddad Times Staff Writer August 13, 2005 In another sign that California's real estate boom may be peaking, the state's foreclosure activity has bottomed and is expected to rise, new data suggest. After declining for nine straight years, the number of default notices sent to delinquent homeowners continued to level off during the second quarter, real estate research firm DataQuick Information Systems said Friday. The reason: The state's real estate cycle is maturing and price increases are slowing. "We're currently at a floor level," said John Karevoll, DataQuick's chief analyst. "Any movement now is going to be up." A default notice is sent to a homeowner as the first step in a formal foreclosure process. |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.