Archive | November, 2008

Los Angeles County Foreclosure Report for October 2008

November 10, 2008

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Los Angeles County Foreclosures for October decline 51% from September’s numbers. The October foreclosure numbers for Los Angeles County show a steep decline in new foreclosures, or trustee sales, for the month, with 2,389 foreclosures for the entire region. This represents a decline of 51% from September’s foreclosures, which is the largest decline for the last [...]

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Builders Create Layaway Plans for Homes

November 5, 2008

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Desperate for sales, builders are creating department store copies of layaway plans for prospective homebuyers. Builder layaway plans will be rolling out shortly, encouraging buyers to commit to new home purchases before they have enough down payment funds to actually purchase the home. Plan names range from “PASSBOOK to the American Dream” from Hovnanian to [...]

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