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We just posted our February 2010 California Foreclosure Report.
Highlights from this report:
- Notices of Default increase by nearly 20%
- Foreclosure sales decreased by 12%
- Auction discounts drop
- Percentage of trustee sales purchased by 3rd parties highest since we began tracking in 2006
After reaching the lowest level in a year, in February 2010, Notice of Default filings increased almost 20% in February. The number of properties scheduled for sale remain at record highs, yet foreclosure sales dropped and the disconnect between delinquencies and foreclosure sales continues to widen.