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Real Estate Specialists of Orange County are offering recent statistics and anlysis for Orange County California Real Estate home sales, foreclosure activiy, and pending listings. http://www.namneet.com

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Orange County Ca Real Estate – July 2007 Foreclosure Report

By Namneet Dhaliwal, Realtor

August 1, 2007

July 2007 marks as the worst month for notices of default and trustee sales in past 12 months. There were total of 1800 homes owners who got these notices. Although a small margin of error is possible due to some duplication.

Majority of these homeowners may not end up loosing their homes. However relatively speaking when numbers jump form 592 in July of 2006 to 1800 for July of 2007, there will be more people loosing their properties. There is a surge of short sale and REO listings in the area.

It does not appear to get better any time soon due to sluggish home sales, increasing inventory and tightening lending guidelines.

 

Date source:

County Records Research

So Cal MLS

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