The August numbers are in from ForeclosureRadar. What do they say? You be the judge (with a little help from us)...
These are totals of new notices of default filed against South OC properties in August:
Notices of default had fallen off slightly month-to-month most of the summer. Now, they are showing a very small increase. Year-over-year numbers are still bad.
These are REOs recorded in August - that is to say, properties that went back to the bank at the foreclosure auction:
REOs are down slightly compared to July, which is not at all surprising considering some of the publicity surrounding efforts to suspend foreclosures. REOs are still up almost 90 percent from 2007, however.
Monday, September 08, 2008
August foreclosure stats
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2 comments:
Look at the Coto, Dana Point, Laguna Beach numbers. Who said this would never filter into the higher priced areas?
I was wondering the same thing. Are we starting to see the shift from subprime (lake forest, SJC) to alt-a/prime (laguna, DP, etc)?
FreedomCM
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