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Foreclosure activity drops in Madera County
- Published on 11/13/2013 - 11:56 am
- Written by Business Journal staff
Madera County was the one bright spot when it came to foreclosures in October as the rest of the Central Valley saw spikes in new filings.
According to new data from Property Radar, there were 34 notices of default filed in Madera County during the month, down from 50 in September and 87 last year.
Notices of sale, which serve as a homeowner's final warning before a home goes to auction, totaled 29 in October compared to 39 the prior month and 96 in October 2012.
There were 229 notices of default filed in Fresno County during the month compared to 202 the month before and 434 in October 2012, while notices of sale totaled 207 in October compared to 204 in September and 473 a year ago.
Tulare County saw 139 notices of default in September, up from 114 the prior month but down from 199 last year. Notices of sale dropped from 240 a year ago and 105 in September to 96 last month.
There were 39 notices of default filed in Kings County during October compared to 34 in September and 61 a year ago, while notices of sale fell to 33 from 37 the prior month and 69 in October 2012.
Throughout California, notices of default totaled totaled 7,869 in October, up 15.7 percent from 6,802 the prior month but down 45.2 percent from 14,358 a year ago.
Notices of sale came in at 7,215 in October, down 4.1 percent from 6,928 the month before and 59.2 percent from 17,700 last year.
Of the 8,720 homes that went to foreclosure auction in October, 5,676 were cancelled, 1,934 went back to the bank and 1,110 were sold to a third-party buyer.