Go Back

Foreclosure activity was somewhat mixed in the five Western states—Arizona, California, Nevada, Oregon, and Washington—observed by ForeclosureRadar over the month of January.

Notably, California foreclosure sales were down in January, despite a past trend of an uptick in the month following a decline in December. However, this January, both notices of default and notices of foreclosure sale declined in January—down 60.5 percent and 34.83 percent, respectively, over the month.

Foreclosure sales declined 65.65 percent since January 2012, while notices of default fell 77.66 percent.

California processed 5,447 foreclosure sales in January after 5,908 in December.

“While the alphabet soup of Federal programs has successfully prolonged, or catapulted delinquent homeowners out of the foreclosure process, the unintended consequence is now an acute lack of available housing inventory for sale,” according to ForeclosureRadar.

© 2006 - 2020. All Rights Reserved.