The number of filings of Notice of Defaults for September (first step in the foreclosure process) continued a second month of decline from August even though the quarterly graph shows a turn upward.

The spread between the blue line and the green line always intrigues me. The green line represents completed foreclosures – over 200 homes a month.

I just don’t understand why homeowners – who know they can’t afford to keep their home – allow their lender to foreclose when they could be in control of the process and do a US Treasury HAFA short sale – and get $3,000 at close of escrow!

• 12 month graph

• Quarterly graph ending in Q3