Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures drop sharply in Marin County as trend continues

It continues to be a sign of the more recent times with Marin foreclosures declining by 43.1 percent year-to-year in the second quarter of 2012.

That number reflects the overall picture as the Bay Area saw similar declines.

Marin County recorded just 74 trustees’ deeds — filed when a property actually becomes a foreclosure — in the second quarter, down from 130 in the second quarter of 2011. Marin County recorded 220 notices of default (NOD), down 21.1 percent compared with the second quarter of 2011.

In the first quarter of 2012, Marin recorded 118 trustees’ deeds. Marin County marked 209 notices of default in the first quarter.
The Bay Area marked the most notable year-over-year drop in notices of default. These NODs went down to 8,572 in the area, a 13.4 percent drop from 9,893 a year ago.

Banks Pushing Short Sales, Not Foreclosures

We don’t find these numbers surprising, especially considering that we’re talking about Marin country.  Banks continue to push short sales instead of foreclosures. The thing that people may no consider are the number of people who are not late but still underwater.

We predict that this shakeout will take at least until 2015.

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

Foreclosures In Marin County Drop Sharply

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Filed under Banks, California, Foreclosure, short sales

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