Articles Tagged with ''ForeclosureRadar''

California Defaults Soar in March

Following a surge in California's foreclosure activity in February, Notices of Default and Notices of Trustee sale continue to soar in March, reaching record and near-record levels, respectively, according to today's ForeclosureRadar's California Foreclosure Report.
Read More

California's Foreclosure Activity Lives On: Report

After an across the board drop in California's foreclosure activity in January, Notices of Default, Sales at Auction and negative equity at foreclosure surged once again in February, according to Foreclosure Radar's California Foreclosure Report released Friday. Notices of default increased 21.3 percent from January, nearly returning to peak levels reached in April 2008 -- despite the President's Day holiday and February being a short month.
Read More

Lender Turmoil Impacts California Foreclosures: Report

January brought an unexpected, across the board drop, in the total Notices of Default, Notices of Trustee Sale, and sales at auction in California, not only from the prior month, but year over year as well, according to ForeclosureRadar's California Foreclosure Report released Thursday. Even after accounting for the fact that January had two fewer days than December, only properties sold at auction saw a slight increase of 3.4 percent.
Read More

Foreclosure Activity Resumes Climb in California: Report

We've written for months now that extending foreclosure timelines -- either via the use of legislation to lengthen notice periods, or through more direct moratoria efforts -- will accomplish little more than delaying defaults, while simultaneously driving up costs and stretching servicers to a whole new level of thin. Proving that point yet again is ForeclosureRadar's latest report on California foreclosure activity during December, released late Tuesday evening.
Read More

Foreclosures Rebound in CA, as Legislative Impact Passes

It appears that California is now following in the footsteps of Massachusetts. Despite recent legislation in the state that added 45 days to the borrower notice period for defaults, impacting foreclosure activity during Sept. and Oct., new data from ForeclosureRadar finds that November saw significant activity increases across all stages of foreclosure. From October to November, filings of Notices of Default increased 28 percent; Notices of Trustee Sales increased 10 percent, and properties sold at auction increased by 14.8 percent.
Read More

Foreclosures Drop in California, As Lenders Boost Workout Attempts

Foreclosure sales in California dropped a sharp 39.1 percent between September and October, according to a report released by ForeclosureRadar late Wednesday. The drop, however, has largely been ascribed to recent legislation in the state that is effectively stalling most foreclosures amid new borrower notice requirements.
Read More

Legislation Drives Huge Drop in California Mortgage Defaults

Recent legislation in California helped push notice of default filings, which indicate the start of the foreclosure process, down 61.8 percent in September, according to a recent report released earlier this week. ForeclosureRadar, which published monthly foreclosure data, found that only 16,352 notices of default were filed in September, down from 42,790 in August, and a decrease of 36.4 percent from a year earlier.
Read More