California Foreclosures Set New Records

Real Estate Agent with RealtyAid, Inc

California foreclosures set new records!


Foreclosures have increased steadily with no end in sight.  The second quarter (April, May and June) show all time high foreclosure filings at 63,061.   


Q1  2007  11,033

Q2  2007  17,408

Q3  2007  24,209

Q4  2007  31,676

Q1  2008  47,221

Q2  2008  63,061


What do you do if you facing foreclosure?


Don't ignore the problem

Many people avoid the collection calls and the collection letters.  The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.
Contact a HUD-approved housing counselor

The U.S. Department of Housing and Urban Development (HUD) can offer housing counselors that can help you understand the law and your options, organize your finances and represent you in negotiations with your lender if you need this assistance. Go to or call (800) 569-4287 for more information.


Do your research and don't get scammed.  Save your home and become proactive.  Don't become a statistic.  Fight for your home, you deserve it.


Comments (2)

Kim White LeBlanc
Keller Williams Las Vegas Realty - Las Vegas, NV

Wow. Thanks for the info. It was really helpful.

Jul 24, 2008 11:24 AM
Alan Brown
Coldwell Banker Realty - Davenport, FL
32 Years of Real Estate Experience .

How goes California.. How goes the rest of the West

Jul 24, 2008 11:48 AM