Danville CA Forclosures Inventory Trend
This Danville CA Foreclosures Inventory Trend Report shows the three year trend for pre-foreclosures, homes scheduled for sale and Danville CA Bank Owned homes. Preforeclosures are just the instances where a home loan is in default and the lender has decided to start the foreclosure process and has filed a Notice of Default. The "Scheduled for Sale" line indicates how many homes have gone through the preforeclosure process and the lender has filed a "notice of trustee sale". The "Bank Owned" line shows how many properties where the lender has taken ownership. As you can see, the overall trend for Danville CA Foreclosures is fairly steady. The "Bank Owned" line tends to follow the "Scheduled for Sale" line. There is a slight dip at the end of that line so I would expect a slight dip in the number of Danville CA Foreclosures available for sale in early 2012. The market is starting to pick up as we head out of the holiday season. If you have questions fill free to contact me at 925-236-2375
Danville CA Foreclosure Percentage
The following graph shows the percentage of listing types available in Danville as of January 12, 2012. Either a traditional or normal sale, short sale or bank owned. As you can see, bank owned homes for sale are only 4% of the total market. This means bank owned homes are hard to come by in Danville. Short Sales on the other hand are on the rise as lenders have gotten more efficient at processing them. The government has also introduced various rules that encourage lenders to accept short sale offers.
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