Foreclosure Report – May 2014

Foreclosure Update – May 2014

 

Below you’ll find an overview of last months foreclosure statistics for Monterey County. The median home value for Monterey County for the month of May in 2014 was reported at $566,300.  The current foreclosure inventory of banked owned properties for this area has been recorded at 783 which is 0.64% more compared to last month and 4.63% less compared to last year. Be sure to review the expanded charts below for even more information regarding the foreclosure statistics for the area. 

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 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.


Below you’ll find an overview of last months foreclosure statistics for San Luis Obispo County. The median home value for San Luis Obispo County for the month of May in 2014 was reported at $513,900.  The current foreclosure inventory of banked owned properties for this area has been recorded at 598 which is 0.34% more compared to last month and 0.99% less compared to last year. Be sure to review the expanded charts below for even more information regarding the foreclosure statistics for the area. 

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 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.

Source: PropertyRadar.com

 

Grace Borzini

Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

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