San Mateo County Notice Of Default Rates

ZipCode

Default

Auction

Bank Owned

Total

94021

6.1%

6.1%

0.0%

6.1%

94074

6.7%

3.3%

0.0%

3.3%

94080

5.2%

1.9%

0.4%

2.3%

94014

5.9%

1.9%

0.3%

2.3%

94401

4.6%

1.8%

0.3%

2.1%

94020

4.3%

0.9%

1.2%

2.0%

94063

5.0%

1.8%

0.1%

1.9%

94060

6.8%

0.6%

1.2%

1.9%

94066

4.4%

1.6%

0.3%

1.9%

94015

4.8%

1.6%

0.2%

1.8%

San Mateo Notice Of Default Rates

San Mateo Notice Of Default Rates

San Mateo County Updates For 2013

Welcome back to 2013. Some good things have occurred since the calendar flipped into the New Year. Congress got part of its act together and extended the Mortgage Debt Forgiveness Relief Act at least until January 1, 2013. The California Homeowners Bill of Rights officially went into effect on January 1, 2013.

Although most of the signs (not to mention values) of the Bay Area real estate market continues to swing upward, much of the Bay Area continues to experience distressed homeowner situations while other seem through the quagmire of an  underwater home.

The above numbers (from REI Source) reflect the current default numbers for San Mateo County per zip code. Although the numbers show a vast improvement over one year ago, they still show numerous homeowners in distress. Keep in mind that the above rates display a percentage not the total number of defaults.

Pescadero Takes First

Pescadero takes first place (94060) with a 6.8% default rate, while San Gregorio, CA 94074 takes a close second in terms of percentage of defaults. Granted the smaller San Mateo towns may have a higher percentage because the towns contain fewer total homes.

Anyone who would like the current numbers in their zip code, then feel free to contact us.

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Filed under California, Foreclosure, San Mateo county

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