Short Sale, Foreclosure and Strategic Default

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Thursday, June 14, 2007

Foreclosures skyrocket Ca and FL lead

California and Florida led the way with foreclosure activity in May
Five months in a row California has lead the list most foreclosure filings of any state, with 39,659 in May.

Florida was second in foreclosure activity with 21,704 foreclosure filings. Activity in Florida increased 52% from April 2007 and up 144% from May 2006, One in every 336 households — fourth highest among all the states.

Affordable housing is starting to show up in the Sarasota and Bradenton markets which is part of the reason sales have increased there. Affordable housing might not be too far off in parts of San Diego. Although, areas of Carlsbad are still seemingly strong.

Our observation is that homes located near good schools in Carlsbad still seem to have a bid under them.

source of the statistics is realitytrac

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