Orange County 2009 Fourth Quarter Foreclosure Numbers
Posted February 3, 2010
By Sylvia Walker
Here are the most recent Orange County foreclosure numbers from DQNews:
Notice of Defaults (NODs)–This is the first step in the foreclosure process; however, this does not necessarily end in the home being taken back by the lender.
Fourth Quarter 2009 Year-Over-Year Numbers:
- 2009–5,555
- 2008–4,481
- This is a 24.0% year-over-year increase. However, the quarter-to-quarter number of NODs deceased.
Third Quarter 2009 Year-Over-Year Numbers:
- 2009–7,436
- 2008—5,692
- This is a 30.6% year-over-year increase.
Trustee Sales Recorded–This is the last step in the foreclosure process. The home is sold to a new owner at a trustee auction or taken back by the lender in this stage of the foreclosure process.
Fourth Quarter 2009 Year-Over-Year Numbers:
- 2009–2,235
- 2008–2,088
- This is a 7.0% year-over-year increase. In addition, the quarter-to-quarter number of trustee sales is approximately the same.
Third Quarter 2009 Year-Over-Year Numbers:
- 2009–2,238
- 2008—3,997
- This is a 44.0% year-over-year decrease.