Home : Blogs : Adam Brett - Fullerton, California Realtor : Adam Brett's Blog - All Things Real Estate in Fullerton and Beyond

Over 8,000 Mortgages Face Foreclosure

At the end of July there were 8,346 outstanding foreclosure auction notices in Orange County, which is an increase of 12%

chart from June and more than double the year ago total.

Some of the data may be skewed because of the mortgage modification plan but in place by the Obama administration. An unknown portion of the people receiving auction notices may be in the trial modification period. Regulators are now trying to help banks keep people from avoiding foreclosures instead of promptly dealing with bad loans.

Posted by Adam Brett - Fullerton, California Realtor on 09/02/2009 09:21 PM

Comments (1)

Over 8,000 Mortgages Face Foreclosure in the ActiveRain Channel

mortgage, foreclosed property, foreclosre statistics, foreclosure, remax, adam brett, orange county, california

This post has been included in California Information Orange County, CA Information
Post is included in group: RE/MAX Active Rain Bloggers
Post is included in group: Mortgages
Post is included in group: Everything California
Post is included in group: All About Mortgages/Mortgage Networking

1 Comments on Over 8,000 Mortgages Face Foreclosure

SEP

Thats a great stat to look at Adam. I thinking that is a good indicator for helping understand where a good bottom might be, Im from NW Indiana and we are seeing alot of Forclosed homes get bought up. What are your thoughts on a turn around and or how the forclosure rate can be used to determine at least a bottom in this market?

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?