Tag Archives: February

Foreclosure rates are dropping in California

California had the third biggest decrease among U.S. states in the number of homes in some stage of the foreclosure process, CoreLogic reported. As of February, 2.4 percent of the California homes with a mortgage, or about 160,000 households, faced the possibility of foreclosure.

That’s down 0.6 of a percentage point from January of last year, when 3 percent of homes were in the foreclosure process, CoreLogic reported.

CoreLogic’s February numbers showed also that:

  • 6.7 percent of the state’s mortgaged homes, or about 458,000 households, were 90 days or more late on their house payments. That’s down from 9 percent in February of last year.
  • Banks seized 154,212 homes through foreclosure in the 12 months ending in February.
  • Nationwide, banks seized 3.4 million homes through foreclosure during the past 3 ½ years – and 862,418 in the past year alone.
  • An additional 1.4 million U.S. homes, or 3.4 percent of all homes with a mortgage, were in the foreclosure process.
  • That’s down from 3.6 percent in February of last year, when 1.5 million U.S. households were in the foreclosure process.
  • The five states with the highest proportion of homes in the foreclosure process were Florida, 12 percent; New Jersey, 6.6 percent; Illinois, 5.4 percent; Nevada, 5 percent; and New York, 4.9 percent.
  • The five states with the lowest proportion in the foreclosure process were Wyoming, 0.7 percent; Alaska, 0.8 percent; North Dakota, 0.8 percent; Nebraska, 1 percent; and Montana, 1.4 percent.

“The overall foreclosure inventory is decreasing because sales (of bank-owned homes) were up in February,” said CoreLogic Chief Economist Mark Fleming. “With the spring buying season upon us, the inventory may decline further.” This article is from the OC Register: “Calif. foreclosure rates dropping“.

San Deigo foreclosures decreased in February

The number of San Diego County homes that were foreclosed upon in February fell to its lowest level in more than four years, while mortgage defaults remain higher than the pre-recession norm, Wednesday’s DataQuick report shows.

The county recorded 634 foreclosures in February, the lowest it’s been since November 2007. The latest tally of foreclosures is 12.7 percent lower than in January and 29.2 percent lower than a year ago. Foreclosures peaked at 2,004 in July 2008.

Notices of default — the first formal step in the foreclosure process — totaled 1,278, down 9.2 percent from January and down 6.9 percent from a year ago. Mortgage defaults peaked at 3,832 in March 2009.

Monthly and year-over-year changes in both indicators are constantly volatile because they’re heavily dependent on lender activity.

By comparing current foreclosure and mortgage-default figures to 1-year to 5-year averages, we can see decreases across the board…

Read the rest of this article by U~T San Diego here: “San Diego foreclosures fall in February.”

Event: Half-off admission for San Diego Museum Month

It’s not too late to enjoy half-off admission for San Diego’s Museum Month. The program, hosted by Macy’s, lasts until the 29th of February, and is a great way to learn a bit of history, science, or the arts and enjoy yourself! This special event applies to all 40 museums within the San Diego Museum Council membership. Just a few of the museums available to visit for a discount; go to SanDiego.orgfor the full list.

San Diego Museum MonthYou must pick up a Museum Month Pass at any of Macy’s fourteen locations within Temecula, Imperial Valley, or San Diego area. Up to four visitors can use one pass to gain admission for half-off. The amount of admission will vary, as the admission prices are different for each museum. More information regarding this special museum event is viewable at www.SanDiegoMuseumCouncil.org, or by calling (619) 276-0101.
 
I noticed this information regarding the San Diego Museum Month on SanDiego.org; you can read their post here: “San Diego Museum Month: Half-Off Admission.”