The number of homes in Default (the first stage of foreclosure) has been on the decline since previous highs with a few exceptions, while the number of  Notice of Trustee Sales and Trustee Deeds have been on the rise. This is partly due to banks unloading their shadow properties.  See for yourself this trend on the Quarterly chart of Ventura County Foreclosure Statistics since 2005.

There are several factors in play – there are more fixed rate loans than the subprime loans of yesteryear; home prices have stabilized and are on the rise in Ventura, Oxnard and Camarillo; and the HAFA program is available with a $3,000 relocation incentive for the home owner to do a preapproved, streamlined short sale.

If you’re interested in the HAFA program (Home Affordable Foreclosure Alternative) – give us a call or comment on this site!