Data from ForeclosureRadar shows San Diego home foreclosures fillings took a 19.81% rise from July into August. On the good news side, this figure was down 24.38% from a year ago.
For California, notices of Default filings, the first step in the foreclosure process, jumped 16.6 percent in August, the fourth successive increase in as many months. Fewer homeowners found foreclosure relief as foreclosure cancellations dropped 11.2 percent while more homes were lost, up 15.6 percent to 17,841 foreclosure sales.
Sean O’Toole, CEO for ForeclosureRadar said: “We’ve seen these kinds of upticks before, my guess is, we’re still just bouncing around in this range.”
