California foreclosure filings and sales continued to decline in December. ForeclosureRadar reports: Foreclosure activity continued to decline in December 2012. California Notices of Default were down 14.5 percent from the prior month and down 39.8 percent for the prior year. Foreclosure sales were down 22.3 percent from the prior month and down 47.9 percent from [...]
The Foreclosure Process The foreclosure process is different from state to state. This is how it works in California. Once you are 30-days delinquent on your mortgage payment, your lender has the right to file a Notice of Default. When this notice is filed, the foreclosure process technically begins. Although they can file this “NOD” [...]
Here’s all you need to know about foreclosure activity from Foreclosure Radar: August 2012 California Notice of Defaults were down 23.6 percent from the prior month, and down 49.1 percent compared to last year. … “We continue to see reports that there will be a wave of foreclosure sales after the election or at the [...]
The supply of homes for sale is already down sixty percent or more around the Bay Area, and it’s probably going to dwindle even lower. ForeclosureRadar is reporting that California foreclosure activity continued to fall in June. Sean O’Toole adds: “California Governor Jerry Brown signed into law the Homeowner Bill of Rights, an anti-foreclosure package [...]
Notices of Trustee Sales and Notices of Default fell dramatically from March to April as our shadow inventory recedes further into the darkness. Reduced foreclosure activity this Spring means there will be even fewer REOs for sale this upcoming Fall and Winter. Foreclosure Radar reports: California Foreclosure Activity: Alameda County Foreclosure Activity: Contra Costa County [...]
Foreclosure activity and inventory continued to decline in the Bay Area in February, according to data from ForeclosureRadar. It’s already March… anyone expecting a surge in foreclosures for sale in 2012 is going to be disappointed. It’s not going to happen. Alameda County Foreclosure Activity Alameda County Bank-Owned Inventory Contra Costa County Foreclosure Activity Contra Costa County [...]
California foreclosure activity fell in 2011, largely due to loan modifications and procedural delays. DataQuick reports: La Jolla, CA.–The number of California homes going into foreclosure dropped in the fourth quarter of 2011 to the second-lowest level in more than four years, the result of evolving lender and mortgage servicer policies as well as shifting [...]
