Foreclosure filings in Big Bear rose 12% in March 2010 when compared to February. Year over year however, foreclosure filings were down 3% from the March 2009 numbers, the third month in a row that foreclosure filings were down year over year. Keep in mind, foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which is normally filed after homeowners fall behind in their payments. Notices of Sale (NOS), a recorded document that is … [Read more...]
Search Results for: foreclosure
Big Bear Foreclosure Numbers – February 2010
March 21, 2010 by 4 Comments
Foreclosure filings in Big Bear jumped 23% in February 2010 when compared to January. Year over year however, foreclosure filings were down 22% from the February 2009 numbers, the second straight month that foreclosure filings were down year over year. Keep in mind, foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which is normally filed after homeowners fall behind in their payments. Notices of Sale (NOS), a recorded document … [Read more...]
Big Bear Foreclosure Numbers – January 2010
February 28, 2010 by Leave a Comment
Foreclosure filings in Big Bear were down 14% in January 2010 when compared to December 2009. Year over year, foreclosure filings were down 7% from the January 2009 numbers. This is kinda big news as it is the first time in more than a year that I can recall the overall foreclosure filings down year over year. A sign of things getting better? I don't think so. Keep in mind, foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which … [Read more...]
Big Bear Foreclosure Numbers – November 2009
December 12, 2009 by 4 Comments
Foreclosure filings in Big Bear were down 28% in November 2009 when compared to the previous month. Year over year, foreclosure filings were up 23% from the November 2008 numbers. Notices of default dropped to the lowest number we've seen in a year, while notices of sales and trustee sales back to the bank remained near their monthly average. There are several potential reasons for the drop in defaults - the lull of the holiday season, banks giving borrowers more time and options to resolve the delinquent … [Read more...]
Big Bear Foreclosure Numbers – October 2009
November 16, 2009 by Leave a Comment
Foreclosure filings in Big Bear were up 10% in October 2009 when compared to the previous month. Year over year, foreclosure filings were up 70% from the October 2008 numbers. New notices of sale shot up in October, showing that banks are still moving forward on foreclosures, while new notices of default and Trustee sales remained relatively the same. Keep in mind, foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which is filed … [Read more...]
Big Bear Foreclosure Numbers – September 2009
October 26, 2009 by 4 Comments
Bank repossessions in Big Bear were up 9% in September though the overall foreclosure filings dropped significantly. The foreclosure filings in September 2009 (180) were down 18% from August 2009 (219). Year over year, however, filings were up 122% from the September 2008 (81) numbers. Good news - we are seeing a slow down in the foreclosure numbers. Bad news - the numbers are still too high to be overly excited about the market getting better. Foreclosure filings are made up of three parts - Notices of … [Read more...]
Big Bear Foreclosure Numbers – August 2009
September 25, 2009 by 2 Comments
Foreclosure numbers in Big Bear slowed a bit in August though they still remain near record highs. The foreclosure filings in August 2009 (219) were down 10% from July 2009 (244), but were still up 27% from August 2008 (173). Foreclosure filings are made up of Notices of Default, a recorded document that starts the foreclosure process, Notices of Sale, a recorded document that sets the date for the Trustee Sale, and lastly, Trustee Sales, properties that go back to the bank or sold to third parties. Here's how … [Read more...]
Big Bear Foreclosure Numbers – July 2009
August 22, 2009 by 2 Comments
Foreclosure numbers in Big Bear are still on the rise. The foreclosure filings in July 2009 were up 16% from June 2009, and 81% from July 2008. Keep in mind, foreclosure filings are made up of Notices of Default, a recorded document that starts the foreclosure process, Notices of Sale, a recorded document that sets the date for the Trustee Sale, and lastly, Trustee Sales, properties that go back to the bank or sold to third parties. While the overall news on the real estate market may appear to be getting … [Read more...]
Big Bear Foreclosure Numbers – June 2009
August 6, 2009 by Leave a Comment
Sorry for being a little late with these. The number of Big Bear properties that went back to the bank (future bank owned listings) in June 2009 was an all time high at 52, 8 more than the previous high of 44 set in May. In total, the foreclosure filings for the month of June 2009 were down 2% from May 2009, but up 34% from the June 2008 numbers. Keep in mind, foreclosure filings are made up of Notices of Default, a recorded document that is the start of the foreclosure process, Notices of Sale, a recorded … [Read more...]
Big Bear Foreclosure Numbers – May 2009
June 28, 2009 by Leave a Comment
If the foreclosure market has anything to say about how long this down market will last, don't expect things to get better anytime soon. Foreclosure filings in Big Bear were up 20% in May 2009 compared to April 2009. And year over year, foreclosure filings were up 53% as compared to May 2008. Foreclosure filings, which are made up on Notices of Default (NOD), Notices of Trustee Sale (NTS), and Trustee Sales, are a good indicator of the future health of any real estate market. Accordingly, the real estate market … [Read more...]
