According to the California Foreclosure Report for June 2009, California's foreclosure sales increased 24.7%. During June in Orange County, Notices of Default were at 2,486, a 16.2% increase from May where Notices of Default were at 2,139. Foreclosure sales also increased in June with sales at 910, a 19.4% increase from May where sales were only at 762.  Overall, we see that June is having a more productive month than May with foreclosure sales.

In May the Notices of Trustee Sale was at 1,818, but dropped by 11.9% in June leaving the Notices of Trustee Sale at 1,602. That is a 216 difference between these two months. This drop is believed to be a response to the California Foreclosure Prevention Act, which had little to no impact in the long run.

Out of the 54 Countys, Orange County ranks 47 in the foreclosure sales per population. The highest ranked Southern California county is Riverside ranked in at 5.

Your thoughts and feedback on this topic are greatly appreciated. Please feel free to post your comments.

Keeping you informed about the Orange County real estate market, economy and life in the OC is what I'm committed to doing.

For more great Orange County market insight and industry news visit Laguna Niguel Real Estate or view the Orange County Market Trends at Orange County Real Estate.

Listen to Zen's Laguna Niguel Real Estate Podcast available 24/7.

SEARCH ORANGE COUNTY'S BEST HOMES at Orange County MLS Home Search