Despite the drop, the state remains in the top 10 for highest number of filings and the highest foreclosure rates. At one filing for every 324 households, Michigan has the seventh highest.
Notice of defaults, the first step in the foreclosure process, increased to a record high 54,268 filings last month in California, according to ForeclosureRadar. Filings were up 29.3 percent over February, 26.3 percent compared to the same period last year, and 25.8 percent above previous peak levels seen in.
· San Mateo County foreclosure filings drop. The slowdown in new filings is a good sign for the California housing market, O’Toole said.. Despite the hopeful signs in the ForeclosureRadar.
CALIFORNIA FORECLOSURE FILINGS DROP Foreclosures "HAMPered" by Making home affordable program discovery bay, CA, September 15, 2009 – ForeclosureRadar (www.foreclosureradar.com), the only website that tracks every California foreclosure and provides daily auction updates, issued its monthly
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A new state law requiring lenders to contact homeowners prior to foreclosure filings has led to a dramatic drop in foreclosure activity in California in September, according to the website ForeclosureRadar. The impact of the state law is so dramatic, the website says, that it will make monthly foreclosure statistics worthless as barometers of housing market conditions.
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The latest figures from ForeclosureRadar, which tracks foreclosure data on the West Coast, reported 338,999 foreclosure starts in California in 2010, down 33% from one a year ago. In Arizona foreclosure filings fell 18% to 119,790, and in Nevada foreclosure filings were down 19% to 86,010, the data also shows.
A total of 29,382 U.S. properties started the foreclosure process in. ago – the 3 rd consecutive month with a year-over-year decrease in REOs.
. that had foreclosure filings in the area represent a 13% drop from the fourth quarter and 19% slide year-over-year. Modesto’s foreclosure rate was only slightly lower than Stockton’s. Ten other.
California foreclosure filings were down in April for the first time since the beginning of the year, ForeclosureRadar.com says in its latest California Foreclosure Report. Despite the decline in filings, the inventory of properties in pre-foreclosure or scheduled for sale only dipped slightly, as the drop in filings were offset by an increase in the [.]
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