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Posted by on Jul 2, 2012 in Foreclosure Count, Foreclosures/REOs, Thinking of Buying? | 1 comment | Print Print

SD Foreclosing Filings

San Diego County Filings

Could a recent uptick in foreclosure filings mean more REO inventory later this year? 

Or just a fake-out to keep the short sales moving?

At least we can say that there’s been no waiting for us at Bank of America.  They listed 1848 Kerisiano for $519,000 just 10 days after the former owner vacated.  For us, this is the second BofA REO in a row that they turned around within two weeks of gaining occupancy, so hopefully that’s a sign of things to come (?).

But the three-year foreclosure trend has been a fairly steady downward slope – through 1Q12:

San Diego County Filings

1 Comment

  1. With the new law that allows owners to sue their lenders foreclosing on them, I suspect that the average Free Rent™ program will increase.

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