Notice of Defaults, the start of the foreclosure process, increased by only 3.5%. March 2010 had a total of 147 NOD’s filed compared to last month’s 142.
The number of homes in Shasta County that had a Notice of Trustee’s sale filed, increased by 8% from last month’s 119 to 129 this month.
There were a total of 105 trustee’s sales, with the banks taking back 98 homes as REO’s and only 7 homes sold to a 3rd party investor.
There are currently 165 REO / Bank owned properties for sale on the Shasta County MLS with 85 REO / Bank owned homes selling last month.
Download the full report at Foreclosure Radars website.