I wanted to share and discuss some of the latest foreclosure statistics according to ForeclosureRadar and their latest California Foreclosure Report report issued on 1/15/2008.month-to-month 45.4 percent jump in the notices of default (NOD), the initial notice that a homeowner receives once they fail to pay their mortgage. The number of NOD in December was 32,948 compared to 22,665 in November. December auction sales increased by 4.1 percent from November, to a total of 12,783 properties with a loan value of $5.18 Billion dollars. Additionally, a total of 9,001 properties have been sold at auction in just the first eight business days of January, with daily average sales 76 percent higher than in December.

The report noted a substantial

Riverside County jumped from #6 in the state to #1, San Bernardino jumped from #13 to #8, San Diego jumped from #27 to #16th place, Orange County moved up from #37 to #31 and Los Angeles moved up from #38 to #32 right behind OC. 

This will continue to put pressure on home prices as the banks foreclosure inventories will grow in 2008.  It is important that you have a professional like myself to help you and advise you in a challenging real estate market.  Please contact me at 888-877-6062 for a FREE personal consultation and visit my website at www.ZenSellsHomes.com for more great info.