Your California Foreclosure Report for July 2010 is here.

Last month’s figures proved to be an aberration as Notices of Trustee Sale fell 18.91% back down to expected levels after a 22% spike last month.  Another large statistic is that Cancellations drop 13.75%, a reversal of last month’s trend, but remain up 75.10% year over year.

If you are interested in what is currently happening with foreclosures in California, then please watch this brief video from the CEO of Foreclosure Radar, Sean O’Toole.

Foreclosure Radar is the best source for tracking properties from pre-foreclosure, Notices of Trustee Sales and auctions, all the way to REO status.

Search for pre-foreclosures, REOs, and standard real estate for sale on our MLS Property Search.

Your California Foreclosure Report for June 2010 is here.

After two months of decline, foreclosure filings are up, but the big news is that foreclosure cancellations reached a record high with over a 27% increase from May.

The number of properties that were purchased by 3^rd parties was down by 24% over last month.  These were mainly investor purchased properties at auctions.  It appears that large pools of investors are buying these properties because the margin discounts were the largest in months.

If you are interested in what is currently happening with foreclosures in California, then please watch this brief video from the CEO of Foreclosure Radar, Sean O’Toole.

Foreclosure Radar is the best source for tracking properties from pre-foreclosure, Notices of Trustee Sales and auctions, all the way to REO status.

Search for pre-foreclosures, REOs, and standard real estate for sale on our MLS Property Search.

Your California Foreclosure Report for May 2010 is here.

April through May continued the trend of decreasing Notice of Defaults and Notice of Trustee Sales filings by a huge margin.

Foreclosure cancellations are up more than 141% year-over-year.  Foreclosure filings also declined substantially year-over-year with Notice of Defaults down 43.3% and Notice of Trustee Sales dropping 35.8%.

If you are interested in what is currently happening with foreclosures in California, then please watch this brief video from the CEO of Foreclosure Radar, Sean O’Toole.

Foreclosure Radar is the best source for tracking properties from pre-foreclosure, Notices of Trustee Sales and auctions, all the way to REO status.

Search for pre-foreclosures, REOs, and standard real estate for sale on our MLS Property Search.

Your California Foreclosure Report for April 2010 is here.

April showed a reverse trend of 2010 with decreasing Notice of Defaults and Notice of Trustee Sales filings for the first time this year.

Foreclosure cancellations are up more than 32% from the beginning of the year.  Despite the huge numbers in filing declines, the total pre-foreclosure inventory only dropped slightly as more pre-foreclosures are taking longer to foreclose.

If you are interested in what is currently happening with foreclosures in California, then please watch this brief video from the CEO of Foreclosure Radar, Sean O’Toole.

Foreclosure Radar is the best source for tracking properties from pre-foreclosure, Notices of Trustee Sales and auctions, all the way to REO status.

Search for pre-foreclosures, REOs, and standard real estate for sale on our MLS Property Search.

The California Foreclosure Report for March 2010 is here.

March showed the continued trend of 2010 with increasing Notice of Defaults and Notice of Trustee Sales filings.

Year over year figures showed a huge spike in the increase of properties sold at foreclosure auctions, but much of this is due to the voluntary lender’s moratoriums from last year in holding off on filing Notices of Default to allow the H.A.M.P. program to operate.

If you are interested in what is currently happening with foreclosures in California, then please watch this brief video from the CEO of Foreclosure Radar, Sean O’Toole.

Foreclosure Radar is the best source for tracking properties from pre-foreclosure, Notices of Trustee Sales and auctions, all the way to REO status.

Search for pre-foreclosures, REOs, and standard real estate for sale on our MLS Property Search.

The California Foreclosure Report for February 2010 is here.

February showed that Notice of Defaults increased 20%.  This figure is up following four straight months of declining Notice of Defaults.

Delinquencies continue to rise, but foreclosures are still very low compared with the huge amount of homeowners that are not making their mortgage payments.  Foreclosure sales were down in February even though Notices of Trustee Sales were up a little bit.  However, given the huge disconnect between the large amount of statewide delinquencies and the small amount of foreclosure sales and the fact that foreclosure cancellations have not increased, it is safe to say that the H.A.M.P. (Home Affordable Modification Program) has failed.

Something needs to happen with all of these Notices of Default soon.  Clearly, the banks are not modifying many mortgages to make a dent in the amount of pre-foreclosures.  We are eagerly anticipating March’s numbers to see if this new trend continues.

If you are interested in what is currently happening with foreclosures in California, then please watch this brief video from the CEO of Foreclosure Radar, Sean O’Toole.

Foreclosure Radar is the best source for tracking properties from pre-foreclosure, Notices of Trustee Sales and auctions, all the way to REO status.

Search for pre-foreclosures, REOs, and standard real estate for sale on our MLS Property Search.

The California Foreclosure Report for January 2010 is here.

January revealed that foreclosure filings and notices of trustee sales have increased back to November 2009 levels.  This is not what the media has portrayed.

Currently, there are a lot more third-party investors at the auctions which are driving these foreclosure purchase prices higher.  Ultimately, when these homes hit the resale market, they need to be priced higher to turn a profit.  These factors combined with low listing inventories are making for multiple offers and higher sold prices.

If you are interested in what is currently happening with foreclosures in California, then please watch this brief video from the CEO of Foreclosure Radar, Sean O’Toole.

Watch a real life foreclosure auction on the county courthouse steps!

Foreclosure Radar is the best source for tracking properties from pre-foreclosure, Notices of Default and auctions, all the way to REO status.

Search for pre-foreclosures, REOs, and standard real estate for sale on our MLS Property Search.



How to Buy Property at Foreclosure Auctions or Trustee Sales

We all hear about foreclosures, pre-foreclosures, trustee sales, auctions, court sales, etc.  But do we have any idea how these auctions work?

The video below by Foreclosure Radar does a great job at explaining this process in plain English.

Foreclosure Radar is the best source for tracking properties from pre-foreclosure, Notices of Default and auctions, all the way to REO status.

Search for pre-foreclosures, REOs, and standard real estate for sale on our MLS Property Search.