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Foreclosure Sales in West Jump Back Up
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You're Now Reading:
Foreclosure Sales in West Jump Back Up
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Foreclosure Sales in West Jump Back Up
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February 16, 2011 (Jeff Alan)
mortgage-foreclosure-auction-image
ForeclosureRadar is reporting that foreclosure auction sales along the West Coast has jumped back up to levels not seen since before the “robo-signing” moratoriums of last fall. ForeclosureRadar, which tracks foreclosure sales in Arizona, California, Nevada, Oregon, and Washington, reports that it recorded significant increases in all five states in the month of January.

“We have not seen this level of activity on the courthouse steps for months,” said Sean O’Toole, CEO and founder of ForeclosureRadar. “The increase in foreclosures is just in time to provide a fresh supply of entry level homes for the spring home buying season.”

Data showed that in Arizona, foreclosure sales skyrocketed in January compared to December, 2010, with a 56.2 increase in homes that went back to the bank and a 52.7 increase in sales to third parties.

In California, there was a 51.5 percent increase in sales going back to the bank in January compared to December, and 52.8 percent more properties purchased by third parties. After a four month decline, notice of default filings rose by 6.9 percent in January versus December.

Nevada saw a 36.8 percent increase in homes taken back by the banks in January compared to December, while foreclosure sales to third parties jumped 43.8 percent. There were more third party sales in January than any other single month in 2010.

Homes taken back by the banks in Oregon increased 33.4 percent in January, while sales to third parties skyrocketed 70 percent from December.

And in Washington, the number of homes that went back to banks climbed 54 percent and those sold to third parties increased 23 percent when compared to December.

In Arizona, both banks and third parties bought more properties in January 2011 than any other single month since ForeclosureRadar began tracking foreclosure sales in Arizona. And despite the increase in foreclosure sales in Oregon, year over year sales are down 39 percent from January 2010.

“Despite months of slow sales, we’ve simply returned to prior levels, which to me indicates banks remain reluctant to aggressively foreclose,” O’Toole added.

Tags: foreclosures, foreclosureradar, auction sales, west coast, California, Nevada, Arizona, Oregon, Washington

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

February 16, 2011 (Jeff Alan)
mortgage-foreclosure-auction-image
ForeclosureRadar is reporting that foreclosure auction sales along the West Coast has jumped back up to levels not seen since before the “robo-signing” moratoriums of last fall. ForeclosureRadar, which tracks foreclosure sales in Arizona, California, Nevada, Oregon, and Washington, reports that it recorded significant increases in all five states in the month of January.

“We have not seen this level of activity on the courthouse steps for months,” said Sean O’Toole, CEO and founder of ForeclosureRadar. “The increase in foreclosures is just in time to provide a fresh supply of entry level homes for the spring home buying season.”

Data showed that in Arizona, foreclosure sales skyrocketed in January compared to December, 2010, with a 56.2 increase in homes that went back to the bank and a 52.7 increase in sales to third parties.

In California, there was a 51.5 percent increase in sales going back to the bank in January compared to December, and 52.8 percent more properties purchased by third parties. After a four month decline, notice of default filings rose by 6.9 percent in January versus December.

Nevada saw a 36.8 percent increase in homes taken back by the banks in January compared to December, while foreclosure sales to third parties jumped 43.8 percent. There were more third party sales in January than any other single month in 2010.

Homes taken back by the banks in Oregon increased 33.4 percent in January, while sales to third parties skyrocketed 70 percent from December.

And in Washington, the number of homes that went back to banks climbed 54 percent and those sold to third parties increased 23 percent when compared to December.

In Arizona, both banks and third parties bought more properties in January 2011 than any other single month since ForeclosureRadar began tracking foreclosure sales in Arizona. And despite the increase in foreclosure sales in Oregon, year over year sales are down 39 percent from January 2010.

“Despite months of slow sales, we’ve simply returned to prior levels, which to me indicates banks remain reluctant to aggressively foreclose,” O’Toole added.

Tags: foreclosures, foreclosureradar, auction sales, west coast, California, Nevada, Arizona, Oregon, Washington

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

February 16, 2011 (Jeff Alan)
mortgage-foreclosure-auction-image
ForeclosureRadar is reporting that foreclosure auction sales along the West Coast has jumped back up to levels not seen since before the “robo-signing” moratoriums of last fall. ForeclosureRadar, which tracks foreclosure sales in Arizona, California, Nevada, Oregon, and Washington, reports that it recorded significant increases in all five states in the month of January.

“We have not seen this level of activity on the courthouse steps for months,” said Sean O’Toole, CEO and founder of ForeclosureRadar. “The increase in foreclosures is just in time to provide a fresh supply of entry level homes for the spring home buying season.”

Data showed that in Arizona, foreclosure sales skyrocketed in January compared to December, 2010, with a 56.2 increase in homes that went back to the bank and a 52.7 increase in sales to third parties.

In California, there was a 51.5 percent increase in sales going back to the bank in January compared to December, and 52.8 percent more properties purchased by third parties. After a four month decline, notice of default filings rose by 6.9 percent in January versus December.

Nevada saw a 36.8 percent increase in homes taken back by the banks in January compared to December, while foreclosure sales to third parties jumped 43.8 percent. There were more third party sales in January than any other single month in 2010.

Homes taken back by the banks in Oregon increased 33.4 percent in January, while sales to third parties skyrocketed 70 percent from December.

And in Washington, the number of homes that went back to banks climbed 54 percent and those sold to third parties increased 23 percent when compared to December.

In Arizona, both banks and third parties bought more properties in January 2011 than any other single month since ForeclosureRadar began tracking foreclosure sales in Arizona. And despite the increase in foreclosure sales in Oregon, year over year sales are down 39 percent from January 2010.

“Despite months of slow sales, we’ve simply returned to prior levels, which to me indicates banks remain reluctant to aggressively foreclose,” O’Toole added.

Tags: foreclosures, foreclosureradar, auction sales, west coast, California, Nevada, Arizona, Oregon, Washington

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.