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Foreclosure charts!
Financial blogs in the big city can use more exciting terms, but here at the family paper let's just say we've got charts. Kern County foreclosures and defaults. In April 2008, they set new records again. These are from the county recorder's office, and you can enjoy the PDF files by clicking the blue boxes. There's also a chart from appraiser Gary Crabtree showing how the pace of defaults that ultimately foreclose has swooped up since 2006.
-- Gretchen Wenner, staff writer
2 comments from 2 users
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posted by
Maggiepoo
on May 7, 2008 at 07:51 AM
And it`s not even really starting, these are only the predatory loans and the first flow of ARM`s, The timeframe is almost 9 months from distressed until auction and the banks are holding back and only letting a trickle go to market as to not flood the market, The major action is set to happen at the Q1 2009-2012, gonna be some real deals then........ bury that head and accept denial...it will get better...... in 2013 posted by
adampayne
on May 6, 2008 at 03:17 PM
Nothing like this ever. Even during the depression you didn't numbers like these in this town.
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