Foreclosures spike in June in Orange County

Month Defaults Forec.
January 847 153
February 811 164
March 986 204
April 855 234
May 1,021 276
June 1108 311
July    
August    
September    
October    
November    
December    

Link from Matthew Padilla, OC Register mortgage insider. Most default and foreclosures in one month for the year in Orange County. This trend can be seen across the nation as more and more foreclosed homes are available to buy in foreclosure auctions.

Technorati Tags: , , ,

This entry was posted on Tuesday, July 17th, 2007 at 12:35 pm and is filed under REO, foreclosure auctions, online auctions, real estate auction, real estate auctions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Foreclosures spike in June in Orange County”

  1. TSmith Says:
    July 18, 2007 at 9:00 am

    I work for CurrentForeclosures.com, a foreclosures site and have seen a huge increase in the number of foreclosures in the past 7 months. I believe it is a combination of not only sub-prime and ARM mortgages, but also the high number of people who have gotten loans with interest rates at an all time low… in addition to the rapid depreciation in some areas and the difficulty some are experiencing in selling their homes.

Leave a Reply