California Foreclosure Report

California Has Record $5 Billion In Foreclosure Sales In October

This month's sales result of missed payments in March 2007, yet to reflect mortgage liquidity debacle

11/15/2007 - ForeclosureRadar™, the only web site that tracks every California foreclosure with daily updates on foreclosure auctions, issued its monthly California Foreclosure Report today which showed October foreclosure sales increased by 40 percent from September. A total of 12,336 properties - with a loan value of $5 Billion dollars, a 568 percent increase over the same period in 2006 - were sold at auction statewide in the month of October, compared to September which had a total of 8,818 with a value of $3.6 Billion dollars.
 

California Foreclosure Activity Up In September Despite Apparent Decline

Fewer Recording Days Skews Numbers

10/17/2007 - ForeclosureRadar™, the only web site that tracks every California foreclosure with daily updates on foreclosure auctions, issued its monthly California Foreclosure Report today which showed increased foreclosure activity in September in spite of the story the numbers tell. A total of 8,818 properties - with a loan value of $3.6 Billion dollars - were sold at auction statewide in the month of September, compared to August which had a total of 9,477 that equated to $3.86 Billion dollars.
 

ForeclosureRadar's August California Foreclosure Report Shows Double-digit increase in Foreclosure Auction Sales Statewide: Up 10.4% Over July

California Realty Speculators walk away from $1.71 billion in mortgage loans statewide

09/12/2007 - ForeclosureRadar™ California's premier source for real-time distressed property investment data, issued its August 2007 CA foreclosure report showing that a total of 9,477 properties - with a total loan value of $3.86 Billion dollars - were sold at auction statewide, marking a 10.4 percent increase over July's total foreclosure sales. Speculator owned properties (i.e. non-owner occupied properties) accounted for $1.71 Billion dollars of that total and represented 44.3 percent, or 4199 of the properties sold at foreclosure auctions.
 

California Foreclosure Sales Jump 24.6% In July

ForeclosureRadar™ Offers a more accurate view of the California Foreclosure Market

08/15/2007 - ForeclosureRadar™ today released its July, 2007 California Foreclosure Report, showing a total of 8,716 homes sold at auction in July with a loan value of $3.5 Billion dollars, a 24.6 percent increase over June. Of these, 95 percent, or $3.33 Billion in loans, were returned to the lender with no bid from a 3rd party.
 

California Foreclosure Sales Reach $12 Billion

In First Half Of 2007: Up 95% From January To June

07/10/2007 - A total of 6,960 homes were sold at auction in June with a loan value of $2.83 Billion dollars in California. Riverside County had the highest number of foreclosure sales at 1,093 properties and $523M in loan value. Los Angeles County was second in terms of volume, but after adjusting for population, ranked 34th in the State. Yuba, Sacramento and San Joaquin Counties ranked 2nd, 3rd and 4th highest respectively with Marin County having the lowest foreclosure rate in California. Foreclosures now represent 16% of all new and resale home sales in the state.
 

California Foreclosure Sales Near $2 Billion In March

ForeclosureRadar™ California Foreclosure Activity

04/05/2007 - ForeclosureRadar, a foreclosure listings and software company, today announced that 5,316 California foreclosures were sold at auction in March reaching nearly $2 Billion in total loan value. This represents a 27% increase from February and a 264% increase in the last 6 month. Of those sold in March 4,796 went back to the lender after receiving no bids, totaling $1.82 Billion, and underscoring the growing subprime lender collapse.
 

Foreclosure Listings, Sales Accelerate At Blistering Pace In California: February 2007 Sets Historic Record

ForeclosureRadar™ Offers Unique Insight Into Subprime Lender Debacle

03/06/2007 - ForeclosureRadar™, a startup company with unique insight into the foreclosure marketplace, today announced that foreclosure statistics widely being reported in the media grossly understate actual foreclosure sales activity. The company is the only foreclosure listing service that currently tracks every foreclosure auction in California daily, giving them unprecedented visibility into foreclosure trends on a statewide basis.