July 13, 2024

San Diego foreclosuresHuge jump in California home foreclosures — ForeclosureRadar, a website that tracks every California foreclosure with daily auction updates, last week issued its monthlyCalifornia Foreclosure Report. The number of properties sold at foreclosure auction jumped by 55 percent in January to a total of 19,821, with a combined loan value of $8.06 Billion. Compared to thesame period one year ago.This represents a staggering 454 percent increase.

Notices of Defaults recorded in January numbered 38,617, up 16.4 percent from 32,948 inDecember, 2007. This increase follows a 45.1 percent increase from November to December. With aminimum of roughly four months between recording of a Notice of Default and the property being soldat auction, the recent increases in defaults clearly indicate that auction sales are likely to also increase further in the coming months. By comparing January sales to defaults four months ago, it appears that as many as 80 percent of defaulting homeowners may now lose their home at auction.        San Diego real estate market

4 thoughts on “CALIFORNIA HOME FORECLOSURE AUCTIONS JUMP 55%

  1. If You dont vote, You may just be Standing in the soup line, instead of proposing just to see people in them. They already exist. Many will need to focus on making a go of it living below their means for a while, these Liars, Killers and Economy Destroyers need to answer to the People. This is a Democracy.

    Stan
    San Diego County Attorney

  2. Clinton’s didn’t have anything to do with a balanced budget.We had $10 $15.00 oil and the Republican Congress lead by my man Newt Gingwich and his contract with America mandated a balenced budget. Clinton also raped the military budget.Don’t forget about their tech bubble that Al Boring invented.

    Amber
    San Diego California lasik surgery

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