Archive for the ‘California’ Category
San Diego County Experiencing Record Foreclosure Growth
Tuesday, August 14th, 2007As California foreclosure homes in San Diego County continue to climb at an alarming rate, Foreclosureconnections.com is reporting a record high in the inventory of foreclosure homes available in the area over the past few months.
California Foreclosure Filings at Highest Level
Friday, June 22nd, 2007After almost ten years, the number of foreclosure filings in California has reached its highest level during the first quarter of this year. Experts are blaming it on flat appreciation, mortgage resets and sluggish sales. Most of these foreclosure filings were default notices that originated from loans taken two summers ago until May last year. Loans that went into default were 15 months old on the average. Most of the primary mortgages in default have owners who have failed to make mortgage payments for an average of five months, resulting to the large inventory of California foreclosure homes.
California Foreclosures Highest in 8 Years
Sunday, March 18th, 2007Last year was a surprising year for the California foreclosures market. 2006 ended with the highest foreclosure rate experienced in the past eight years. From October to December alone, almost 37,273 homes entered some stage of foreclosure. This figure actually represented an unbelievable 145.3% increase from 2005 Q4.
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