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Foreclosure Sales in San Diego County Being Canceled in Record Numbers

By Melissa Zavala

Real Estate Broker/Owner with Broadpoint Properties Cal BRE #01324959

December 21, 2009 07:42 AM

According to ForeclosureRadar, a Northern California-based data company that monitors California's distressed property market, Trustee's Sales (also known as foreclosure sales) are being canceled in record numbers.

For those of you who work the short sale market, this comes a no big shock. It is fairly simple to get a foreclosure or Trustee's Sale postponed if you have the determination, the tenacity, the time, and a lot of patience.

Roger Showley, a staff writer for the San Diego Union Tribune summarizes the statistics with regard to the percentage of sales being postponed and cancelled. It's interesting stuff. You may want to check it out!

Click to Read Roger Showley's Article

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Jean Hanley

Coldwell Banker Kivett Teeters - Hemet, CA

Specializing in Folks Who Want To Buy/Sell Homes

I have actually seen a couple of blogs here (I think) that were address the fact that some lenders are just not foreclosing during the holidays, to kinda give folks a break. Hard to believe, but could be true.

Dec 21, 2009 07:44 AM

Tiffany Torgan

Harcourts Prestige Properties of La Jolla - La Jolla, CA

Featured on HGTV's New Show! How Close Can I Beach

Yes, I saw the same blog that the lenders are waiting until after the holidays...I think it was on the CAR newsletter. Hopefully they are working with people!

Dec 21, 2009 07:48 AM

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

Melissa - thanks for passing this along. It's an interesting, and positive, trend, at least in the short term. The news about no evictions during the holidays is also welcome news for many.

Jeff

Dec 21, 2009 08:26 AM

Anna Matsunaga

Team Momentum Keller Williams Realty Tacoma - Lakewood, WA

Seller specialist, Certified Negotiation Expert

Yes, I think more of us are getting the hang of getting them postponed so we can sell and they are also postponing and canceling more since it is Christmas and frankly they are not set up to take as many foreclosures as they have so they put them off.

Dec 22, 2009 06:57 AM

Mary Douglas

United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO

REALTOR, Red Feather Lakes, Colorado

Interesting article by Roger, Melissa, I would like to think the short sales and loan mods will help stabilize the market more - time will tell what the new year will bring!

Dec 23, 2009 02:54 AM

Foreclosure Sales in San Diego County Being Canceled in Record Numbers

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