Realtors for Ventura | Oxnard | Camarillo

The percentage of single family homes that were distressed sales in the month of May are:

Ventura – 37%

Oxnard – 67%

Camarillo – 44%

Quarterly graphs for 2nd quarter will be published in early July.

Sold prices – Single family homes in Ventura, Oxnard, Camarillo:

• 12 month graph
• Ventura is trending upward to $430k; Oxnard is holding steady in the $290s; Camarillo peaked last Fall and is now on a downward trend in the high $400s to $500k.

Sold prices – Condos in Ventura, Oxnard, Camarillo:

• 12 month graph
• Ventura peaked in December and January in the $240s, now in the low $200s; Oxnard peaked last Fall at about $230s, now in the $170s; Camarillo peaked in November and December at $310k, turned downward to March at $240s, and now trending up to $270s.

Numbers sold – Single family homes in Ventura, Oxnard, Camarillo:

• 12 month graph
• Ventura, Oxnard and Camarillo all hit a low in January. Ventura has recovered with a spike in April; Oxnard has bounced back and holding; Camarillo has recovered with a spike in March. Read the rest of this article »

These are challenging times and many folks are facing difficult financial choices.  Do they qualify for a loan modification, or should they do a short sale, or simply allow the lender to foreclose?

There is hope.

You can read more specifics in our current newsletter and also view two short videos by clicking on the link www.DonNelsonTeam.com in the newsletter.

Please tell your friends or family members.

Back in the early 90s, the number of Notice of  Defaults (NODs) were about twice that of the Notice of Trustee’s Sales (NTSs) and the Trustee’s Deeds were 1/3 to 1/2 of that. That pattern went on for years but now we’re seeing a shift. The NODs are down, most NODs go to a sale date and 50 – 70% either go back to the lender or are bought by an investor at the auction.

Currently, the number of NODs for April (410) is way down from March (546) but is the same as February.

Check out the chart for the last 12 months here.

The percentage of homes that were short pays in the first quarter of 2011 are:

Ventura – 20%

Oxnard – 26%

Camarillo – 25%

Sold prices – Single family homes in Ventura, Oxnard, Camarillo: Ventura, Oxnard and Camarillo mirror each other for the past 3 months – a bit upward from February to March with April trending downward.

• 12 month graph

Sold prices – Condos in Ventura, Oxnard, Camarillo:

• 12 month graph

Numbers sold – Single family homes in Ventura, Oxnard, Camarillo: Ventura is moving upward, Oxnard is a bit in the rise and Camarillo is trending downward.

• 12 month graph

Read the rest of this article »

Recently I met with an individual who was concerned about the tax implications between a foreclosure vs. doing a short sale – and the potential of having to pay taxes on the short sale. I believe this individual felt there would be no (or maybe less) tax implications if the property were simply to go through the foreclosure process.

The first thing I said was I’m not a tax attorney or CPA so I can’t give tax advice, and all tax implications must be discussed with your tax adviser. But having said that, here are the general federal and California rules, forms, etc, pertaining to this issue. Read the rest of this article »