The Foreclosure Report – July 2011

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August 11, 2011
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Foreclosure Filings Drop, as Activity on the Courthouse Steps SlowsB3BX8UQK26AG Foreclosure filings decreased throughout our coverage area, continuing a trend we've seen over the course of several months. Activity on the courthouse steps was down from a month ago everywhere except in Washington where foreclosure sales rose significantly.3rd Party investors are much faster at reselling foreclosures than banks, though the difference varies by area. In Oregon banks take an average 156 days longer to sell inventory than 3rd parties while in Washington it took banks only 52 days longer. B3BX8UQK26AG California banks on average took 104 days longer than 3rd party investors; whereas Arizona and Nevada banks both took an average of 70 days longer to move inventory than 3rd party investors.Key month over month trends for July include:StateNotice of DefaultNotice of SaleBack to BankSold to 3rd PartyArizonan/a- 16.8%- 6.4%- 1.8%California- 11.7%- 5.4%- 4.0%+ 1.2%Nevada- 8.1%- 21.0%- 23.9%- 12.3%Oregon- 29.1%n/a- 34.7%- 17.8%Washingtonn/a- 16.8%+ 50.9%+ 43.6%CLICK HERE for our complete July 2011 Foreclosure Report

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August 11, 2011
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