A report by RealtyTrac shows that foreclosure filings, including notices of default, scheduled foreclosure auctions, and bank repossessions, decreased nearly 8 percent in November compared with the previous month, but were 18 percent higher compared with a year ago.

California posted the nation’s third highest foreclosure rate, with one in every 180 housing units receiving a foreclosure filing in November.  Despite a 13-percent decrease in foreclosure activity from the previous month, California continued to post the highest total of any state, with 73,995 properties receiving a foreclosure filing in November.  Foreclosures in California rose 22 percent from November 2008, but were down nearly 32 percent from a July peak of 108,104. November marked the fourth consecutive month that California foreclosure activity has declined on a month-over-month basis.

California also had the top three metro foreclosure rates:  Merced, with one in every 83 housing units receiving a foreclosure filing in November; Stockton, with one in every 85 housing units; and Modesto, with one in every 87 housing units. 

Other California metro areas with foreclosure rates in the top 10 included: Riverside-San Bernardino-Ontario at no. 6, with one in every 102 housing units; Bakersfield at no. 7, with one in 111; Vallejo-Fairfield at no. 9, with one in 126; and Sacramento-Arden-Arcade-Roseville at no. 10, with one in 132.

At County Properties 23 years of brokerage experience and trust! We offer free counseling in real estate re; home values and information on options of selling vs Foreclosure.  If you have equity in your home, we will sell your home and get top dollar in this challenging market. If you do not have enough equity, and you must sell your property as a short sale we have the expertise to do so also. Please feel free to contact me today for free counseling at (619) 301-0200 visit our website, click  CountyProperties.net

By the way…if you know of someone who would appreciate the level of service I provide, please call me with their name and business number and I’ll be happy to follow up and take great care of them.