Bay Area Notices of Default (NODs) in the fourth quarter of 2011 fell 16.6% on a year-over-year basis, down 6% in San Francisco proper (from 435 to 409).
Actual Bay Area foreclosures in the fourth quarter fell 16.2% on a year-over-year basis (from 5,764 to 4,831) with Contra Costa (down 13.1% to 1,354), Alameda (down 23.8% to 1,038) and Santa Clara (down 20.3% to 718) leading the way with respect to volume.
Fourth quarter recorded foreclosures in San Francisco totaled 162, up 3.8% on a year-over-year basis, flat from the third quarter of 2011 versus a 21% drop across the Bay Area overall. While nominal, San Francisco was the only Bay Area county to record a year-over-year uptick in recorded fourth quarter foreclosures.
∙ California Foreclosure Activity Drops [DQNews]
∙ San Francisco Foreclosure Trends And 2011 And Retrospective [SocketSite]
Comments from Plugged-In Readers
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Anyone have shadow inventory. Weren’t we supposed to see an updated Inventory returning for 2012?
Anyone have shadow inventory. Weren’t we supposed to see an updated Inventory returning for 2012?
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banks won’t release shadow inv until mortgage settlement done. should have been by SOU but must be held up. still be in 2012
foreclosure numbers meaningless till then