RealtyTrac released its second quarter 2008 foreclosure numbers:

National total of NODs, Sale Notices, and post-auction deeds (known as Trustee's Deeds in California): 739,714

California total (same document types as shown above): 202,599. That's about 27.4% of the national total.

Increases over Q1 '08 - National, up 14%; California, up 19%.

Increases over Q2 '07 - National, up 121%; California, up 198%.

The RealtyTrac data, when combined with recent DataQuick foreclosure information, paints a grim picture indeed, as most people now facing foreclosure will end up losing their homes - that is, unless additional regulatory efforts help stem this tidal wave of loan failures.

 
Posted by Jason Buckingham on 07/25/2008 04:54 PM   Comments (1)   , , ,  
This post has been included in California Information
Post is included in group: Northern California Real Estate Professionals
Post is included in group: California Short Sales, REO's, and Foreclosures
Post is included in group: Foreclosure Help and Prevention
Post is included in group: Short Sales Specialists
Post is included in group: California Loan Modifications, Short Sales, & REOs

1 Comments on More foreclosure figures for Q2 '08

Why doesn't this surprise me.  I'm hoping that this market will change for the better....let's see.

07/25/2008 05:02 PM by Larry Bettag - Cherry Creek Mortgage

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Real Estate Attorney: Jason Buckingham (Law Offices of Jason S. Buckingham, Inc.)
Jason Buckingham
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