Big Bear Lake Foreclosure Data and Trends
Foreclosure Filings—Notice of Default filings are the first step in the foreclosure process. Notice of Trustee Sale filings set the date and time of an auction, and serve as the homeowner’s final notice before sale.
Foreclosure Bids—The Published Bid is the amount listed in the Notice of Trustee Sale and is typically the balance due at the original date of sale. The Opening Bid is the bank’s starting bid at auction, and is often discounted from the Published Bid. The Winning Bid is the highest bid received at auction and reflects the amount at which the bank or 3rd party purchased the foreclosure.
Foreclosure Discounting—This chart compares the winning Bid Amount of properties sold at trustee sale to both the outstanding Loan Amount, and the current Market Value. Banks place an Opening Bid for each property and if a 3rd Party does not make a higher bid, the property will be sold Back to Bank (REO) for the Opening Bid amount. Properties Sold to 3rd Parties will typically have Winning Bids with deeper discounts to both Loan Amount and Market Value as only low Opening Bids will attract investor interest.
Time to Foreclose—The average number of days between the filing of the Notice of Default and the final sale at auction for foreclosure sales that occurred during the specified month. Time to Resell—The average number of days between the final sale at auction and when the property was resold by the bank or 3rd party.
Filings By Number of Bedrooms—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the property’s number of bedrooms.
Filings By Square Foot—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the size range of the property in square feet.
Filings By Year Built—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by when the property was built.
Filings By Est. Market Value—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the estimated market value of the property in foreclosure.
Filings By Loan Balance—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the balance of the loan in foreclosure.
Filings By Loan Origination Date—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the quarter and year in which the loan was originally made.
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The Tim Wood Group- Real Estate Advice for Newlyweds in Big Bear February 22, 2012The wedding and the honeymoon are joyous times, celebrating with family and friends. As you move into daily life, home buying becomes one of the largest decisions you make together. Planning and communicating will save you time and reduce arguments later. Define how long you expect to live there and whether this is where you [...]BigBear
- Home Selling Tips February 18, 2012Photo: East Big Bear City, Baldwin Lake Neighborhood You’ve picked your listing agent and your home is priced right. The show is on! Here are a few helpful suggestions about showing your home. The Lock Box Option These are not for everyone, but they increase your home’s marketability. It makes your home available to prospective [...]BigBear
- Real Estate Neighborhood Tours – Fawnskin February 14, 2012You may recognize the Fawnskin area from the Eddie Murphy movie, ‘Dr. Doolittle’. We love this area because it’s heavily wooded and backs into some of the Valley’s best hiking and mountain biking trails. Fawnskin was originally an artist’s community, and is steeped in history. It was the beginning of the main coach road through [...]BigBear
- Cleaning Up Your Credit – Big Bear Real Estate February 8, 2012Having a good credit score is more important than ever. It can mean the difference between qualifying for your Big Bear dream home or missing out on a great opportunity. Savvy buyers have been snatching up well priced Big Bear real estate within days of coming on the market. The key to having a strong [...]BigBear
- Southern California’s Rim of the World February 5, 2012In most of Southern California, “Winter” means clear, brisk days, morning fog and snow capped mountains. Visibility, given the right conditions, can be completely “socked in” or crystal clear and breathtaking. There are particular times, coming to or leaving Big Bear and the San Bernardino Mountains that offer fantastic views. Obvious […]BigBear
- Your Home, Your Abilities February 4, 2012Buying a home is an emotional decision. Real Estate buyers typically “try the house out.” They open closets, cupboards and almost anything else with a handle. They will switch on lights, turn on faucets and flush toilets. How do you make your home stand out in today’s real estate market? Small, incremental improvements can make [...]BigBear
- Big Bear Lake’s Snow Summit January 29, 2012I finally made it to the slopes. It’s been almost two years since my last snowboard outing. After years of begging my nephew to come up and ride with me he called me over the holidays and informed me he was ready to join me on the slopes. What I didn’t know was my nephew [...]BigBear
- Big Bear City January 22, 2012On Big Bear Blvd. within 4 blocks of the traffic light at Division, there are 4 restaurants, a pizza parlor, a liquor store, and a produce stand. If you haven’t investigated, what are you waiting for? Just past ‘Twin Bears Equipment Rentals’, is the tiniest Mexican restaurant, ‘La Paws’. This little place is one of [...]BigBear
- Dip In Inventory Equals Opportunity For Big Bear Real Estate Sellers January 19, 2012Direct link to - Window of opportunity for Big Bear sellers The number of homes for sale in Big Bear has been steadily dropping the past few months. Just recently, we dipped below 600 homes for sale. With that comes a window of real estate opportunity for some Big Bear home sellers. As the inventory levels [...]Tyler Wood
- Healthy Big Bear Homes January 18, 2012During the winter, the average American spends 90% of their time indoors. We rarely think about the air quality around us. By taking a few easy steps we can improve our surroundings. Asthma and other chronic diseases will especially benefit from a healthy environment. From house plants to natural fibers, there are several inexpensive ways [...]BigBear
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- Lakefront Home Closes Escrow: 39902 Lakeview Drive, Big Bear Lake, CA 92315 February 23, 2012Lakefront Home at 39902 Lakeview Drive Closes Escrow (Closed Sale #2 for 2012) I’ve been touting about the number of lakefront homes currently in escrow….they’re finally starting to close. This 4 bedroom, 3 bath, 3000 square foot home closed escrow last week at $914.845. Congratulations, Jim and Amelia! It was great working with you. Hist […]mikewochner
- Lakefront Home in Big Bear just closed Escrow for $3,250,000 February 10, 2012Lakefront Home Closes Escrow for $3,250,000 (533 Cienega, Big Bear Lake, CA 92315) Lakefront sales in Big Bear keep surprising me in the first quarter of 2012 as another home sale flies under the radar……kind of. This 7 bedroom, 11 bathroom lakefront home popped up on the “hot sheet” as a recent sale in the [...]mikewochner
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- Lakefront Home Goes into Escrow: 128 Round Drive, Big Bear Lake, CA 92315 January 20, 2012The lakefront market in Big Bear seems to be chugging along as sale after sale gives consumers more confidence on the higher end. There are currently 6 lakefront homes in escrow (not too shabby given the fact that only 16 lakefront homes sold in 2011). 3 of the 6 pending sales carried over from 2011, [...]mikewochner
- State Considers Cuts to Boating Department January 18, 2012Saw this in the Grizzly this week…… State Considers Cuts To Boating Department written by Kathy Portie One week after California Governor Jerry Brown released his 2013 budget proposal, the Marina Recreation Association sounded the alarm. Brown proposes to merge or eliminate several state departments as part of his cost-cutting measures. The Calif […]mikewochner
- Lakefront Home at 180 N Eagle Drive Goes Into Escrow January 17, 2012This is a nice, higher-end sale for Gilligan Log Homes. Built in 2011, this log style deepwater lakefront home covered 4553 square feet and was listed for $2,399,999. Huge logs throughout, hardwood floors, marble, slate, granite and a wine room….Ummmmm . A true mountain home. Stay tuned for closing details….I would hope for Gilligan’s s […]mikewochner
- Good Article on Estate Planning Pertaining to Vacation Homes January 12, 2012I was catching up on some reading this week when I ran across this article in the Wall Street Journal, written by Kelly Greene. I think many vacation homeowners contemplate what to do with their family retreat in terms of estate planning so I thought this was worthy of posting. Who Gets the Vacation Home? [...]mikewochner
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- Local Big Bear Investor puts several Lakefront Homes on The Market December 30, 2011Over the past week, I’ve seen several new lakefront homes come on the market…what makes this circumstance different is the fact that they’re all owned by the same individual. Back in 2006, when the market started to turn, this investor bought over $10M worth of property up here. Paid cash for every purchase. It was [...]mikewochner
- Big Bear’s Polar Plunge is March 10th December 28, 2011I saw this in the Grizzly this week and thought I would share….haven’t decided if I’m brave enough to do it. Big Bear will experience its first Polar Plunge March 10. The Plunge benefits Special Olympics Southern California–Inland Empire Region. The event is largely sponsored by the Law Enforcement Torch Run for Special Olympics. It [...]mikewochner
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- Camping In Big Bear April 7, 2009Big Bear Camp Sites Around Big Bear LakeCamping in Big Bear and the nearby San Bernardino National Forest. Before heading into the Forest, it's always advisable to stop in at the Discovery Center on the North Shore of Big Bear and pickup the necessary maps, permits, current fire regulations and a Adventure Pass.The Closest Campground in Big Bear LakeThe […]noreply@blogger.com (BigBearLaker)
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- Private Cabins in Boulder Bay Area July 30, 2009
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