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Santa BarBara County SaleS AREA
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SELLER
BUYER
PRICE
DATE
1710 N BENWILEY AVE
GROS AMBER EA
ALTAMIRANO MARGARITO
$475,000
12/20/2021
3089 LANCASTER DR
DIAS SHAYNE
GONZALEZ RAFAEL
$500,000
12/22/2021
368 STANSBURY DR
ROLAND MICHAEL EA
BUTLER MICHAEL EA
$563,500
12/21/2021
4340 WOODMERE RD
NEWCOMB TERRI EA
BELTRAN RICARDO EU
$570,000
12/23/2021
4644 WOODMERE RD
MAROUS NARMAN
MORALES DANNY
$670,000
12/21/2021
2342 PROFESSIONAL PKWY STE 310
JEDI KNIGHT, LLC
CCO ENTERPRISES
$800,000
12/22/2021
4643 KENNINGTON DR
VILLANUEVA RODOLFO EA
STOLTEY BRAD EU
$815,000
12/22/2021
1142 OLD MILL LN
GARCIA ELPIDIO EU
WILLIAMS JAMES EA
$997,000
12/20/2021
4828 PAINT HORSE TRAIL
FERINI LAWRENCE EA
GARCIA ELPIDIO EU
$1,466,500
12/21/2021
2775 EAST VALLEY RD
SERIOUS ABOUT PROPERTY LLC
WRIGHT KENNETH EU
$2,550,000
12/22/2021
2795 EAST VALLEY RD
ALEXANDER LYNNE EA
ESKIN LUCAS EU
$2,750,000
12/20/2021
1619 CARMEL LN
LANDINE JOE EU
VELASCO CHRISTOPYER EA
$410,000
12/23/2021
590 MARS AVE
ACKLEN WILLIAM EU
NOTHSTEIN SHANE EU
$470,000
12/22/2021
519 ANDROMEDA DR
GONZALEZ JUAN EU
YBARRA DANIEL EA
$725,000
12/23/2021
619 BURNING TREE WAY
EDMAN DREW EA
SORRELL JON EU
$757,000
12/20/2021
518 IRELAN DR
ISAAC JOSHUA
HUNT JOHN EA
$820,000
12/22/2021
11 HOLLISTER RANCH RD
BROWN MATT EA
COLEMAN WILLIAM EA
$1,300,000
12/23/2021
1910 TULAROSA RD
HANKEY JILL EA
SCHNACKENBERG GEORGE EU
$1,650,000
12/22/2021
4800 SANTA MARIA MESA RD WOODS EDWIN
RANCHO ONTIVEROS LLC
$2,155,000
12/20/2021
9451 BATCHELDER RD
MONIGHETTI TRUST EA
FF 9451 LLC
$10,000,000
12/22/2021
9500 BATCHELDER RD
MONIGHETTI ROBERT EA
FF 9500 LLC
$14,000,000
12/22/2021
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There’s still no sign of a home foreclosure flood
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home forced sales by lenders. But home foreclosures around the country remain low. Nationwide, only 19,479 U.S. properties were filed for foreclosure last month, according to a new report by Attom Data Solutions. “After an initial surge following the end of the government’s moratorium, it appears that foreclosure activity may be slowing down as we move towards the end of the year,” Rick Sharga, with Attom Data said in the report. “Despite concerns about a pandemicFears of a pandemic-inspired foreclosure crisis have not come to pass, thanks in driven wave of defaults, large part to large equity gains. mortgage delinquency rates and foreclosure Photo courtesy Dreamstime/TNS starts have continued to By Steve Brown decline due to government and industry programs, and a recovering U.S. econFears that there would be a flurry of home foreclosures omy.” with the end of moratoriums haven’t played out. With housing values across the U.S. at record levels, Yes, the number of foreclosure filings is higher than a most homeowners who are threatened with foreclosure year ago when federal pandemic programs halted most can sell their properties to cover the debt. That’s why most
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SANTA BARBARA NEWS-PRESS REAL ESTATE
housing analysts were skeptical of early predictions that the COVID-19 pandemic would result in flood of home foreclosures. While some investors had hope there would be a surge in distressed properties they could purchase, very few foreclosed houses have entered the marketplace. In November, nationwide there were only 2,292 completed foreclosure sales. New York City led with 664 home foreclosure starts. Houston was fourth in the country with 384 foreclosure filings. A chief reason home foreclosures remain so low is the large amount of equity most homeowners have in their properties. In the third quarter of this year, U.S. homeowners had a whopping $3.2 trillion in residential equity — up by more than 30% from mid-2020, according to CoreLogic. That works out to an average equity gain of $56,700 per borrower since the third quarter of 2020. “Not only have equity gains helped homeowners more seamlessly transition out of forbearance and avoid a distressed sale, but they’ve also enabled many to continue building their wealth,” Frank Martell, president and CEO of CoreLogic, said in a statement. In the third quarter, only a paltry 1.3% of homeowners with a loan owned more than their property is worth.
©2021 The Dallas Morning News. Distributed by Tribune Content Agency, LLC.
SUNDAY, JANUARY 2, 2022
