Notice of Defaults, the start of the foreclosure process, increased by only one notice. April 2010 had a total of 150 NOD’s filed compared to last month’s 149.
The number of homes in Shasta County that had a Notice of Trustee’s sale filed, stayed exactly the same at 129 notices.
There were a total of 81 trustee’s sales down from last month’s 98. The banks took back 76 homes as REO’s and only 5 homes sold to a 3rd party investor.
There are currently 167 REO / Bank owned properties for sale on the Shasta County MLS with 68 REO / Bank owned homes selling last month.
Highlights from the statewide report:
- Foreclosure filings were down in April for the first time since the beginning of the year.
- Despite the decline in filings, the inventory of properties in preforeclosure or scheduled for sale only dipped slightly as the drop in filings were offset by an increase in the time to foreclose.
- Cancellations continue to climb, up more than 32 percent from the beginning of the year.
- The number of properties sold to 3rd parties also continues to climb, helped again this month by slightly better discounts.
Download the full report at Foreclosure Radars website.