Foreclosures In California For April Are Off The Charts
Foreclosures exceed a 4 year high for the month of April
A recent report was released for the the Top 10 states
Where foreclosure filings are the highest.
The following are Ranked by State Households per foreclosure:
1 Nevada 68
2 Florida 135
3 California 138
4 Arizona 164
5 Idaho 255
6 Utah 312
7 Georgia 344
8 Illinois 384
9 Colorado 387
10 Ohio 411
Source:RealtyTrac
Just reported by CNNMoney.com — “Foreclosures in April exceeded even March’s blistering pace with a record 342,000 homes receiving notices of default, auction notices or undergoing bank repossessions, according to a regular industry report.”
Industry professionals at realty trac were expecting April to take a nose dive after the exceedingly high foreclosures for the month of March. That was not the case with Aprils number going off the charts and hitting a 4 year high of foreclosed properties.
It was reported that 1 out of every 374 homes had received a foreclosure filing in the month of April. This was a 32% increase over March filings which became a real shock to everyone following the foreclosure reportings.
As of this date 1.3 million homes have been lost to foreclosure since the market collapsed in the 2007. It is predicted by Realty Trac that an estimated 3.4 million homes will be lost by the end of this year. If the foreclosures keep up this pace they will far exceed these estimates.
What can a person do to avoid foreclosure proceedings in the first place? As soon as you begin having trouble paying your mortage loan you should ontact your lender to work out a payment or a loan modification San Diego program to save your home and protect your family.
The top ten states accounted for 75% of the foreclosures.
Filings by state:
California had 95,600 filings the most for a state
California 1 filing for 138 households
Nevada 1 filing for 68 households
Florida 1 filing for 135 households
Top cities
Las Vegas 1 filing for ever 56 homes
Cape Coral-Fort Myers 1 in evry 57 homes
“Five other California metro areas ranked in the top 10: Modesto was fourth, Riverside-San Bernardino fifth, Bakersfield sixth, Vallejo seventh and Stockton eighth. Miami and Orlando rounded out the list. ”
A loan modification San Diego program can be the answer to save your home and protect your family.
