My Real Estate Blog

Foreclosure filings decrease 5 percent in first half of 2010

Foreclosure filings – notices of default, scheduled auctions, and bank repossessions – declined 5 percent during the first six months of the year compared with the previous six months, but rose 8 percent compared with the first six months of 2009, RealtyTrac® recently reported.  The report also shows that 1.28 percent of all U.S. housing units (one in 78) received at least one foreclosure filing in the first half of the year.

A total of 340,740 California properties received a foreclosure filing in the first half of 2010, the nation’s highest total, according to the report.  Filings in California decreased 15 percent from the previous six months and nearly 13 percent from the first six months of 2009.

Reprinted from C.A.R.