Foreclosure Data 2011-
LA County
Foreclosure Filings—Notice of Default filings are the first step in the foreclosure process. Notice of Trustee Sale filings set the date and time of an auction, and serve as the homeowner's final notice before sale.
Foreclosure Outcomes—After the filing of a Notice of Trustee Sale, there are only three possible outcomes. First, the sale can be Cancelled for reasons that include a successful loan modification or short sale, a filing error, or a legal requirement to re-file the notice after extended postponements. Alternatively, if the property is taken to sale, the bank will place the opening bid. If a 3rd party, typically an investor, bids more than the bank's opening bid, the property will be Sold to 3rd Party; if not, it will go Back to the Bank and become part of that bank's REO inventory.
Foreclosure Inventories—Preforeclosure inventory is an estimate of the number of properties that have had a Notice of Default filed against the property, but have not yet been Scheduled for Sale. The Scheduled for Sale inventory indicates those properties that have had a Notice of Trustee Sale filed, but have not yet been sold or had the sale cancelled. The Bank Owned (REO) inventory indicates the number of properties that have been sold Back to the Bank at the trustee sale, and which the bank has not yet resold to another party.
Filings By Est. Market Value—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the estimated market value of the property in foreclosure.
Filings By Loan Balance—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the balance of the loan in foreclosure.
Filings By Loan Origination Date—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the quarter and year in which the loan was originally made.
For the process of Foreclosure please view this link:
:: In Escrow Listings :: Active Listings :: Sold Listings :: Buyer's Resources :: Dream House Finder :: Free Buyer Reports :: Rent Control Information :: Seller's Resources :: Market Analysis :: Free Seller Reports :: Calculators :: Mortgage Rates :: Credit Report :: LA County Foreclosure Data :: LA School Finder :: Useful Links & Information :: Newsletter :: Weather :: Contact Us :: Guest Book ::
An Equal Opportunity Company. Equal Housing Opportunity.
All rights reserved.
© 2012 Myers Internet All Rights Reserved
Powered by: Myers Internet | Admin Login