Southern California Foreclosures Increase 177 Percent in 2007
Mt. Pleasant, PA (Vocus) January 4, 2008 --Default Research, the premier provider of foreclosure real estate data in Southern California (www.defaultresearch.com), is reporting that Notice of Defaults in Los Angeles and San Diego Counties are up a dramatic 148 percent and 216 percent respectively in 2007.
According to Default Research (www.defaultresearch.com), 5.18 percent and 4.01 percent of the households in Riverside and San Bernardino respectively entered some phase of the foreclosure process in the last 12 months. Even though it was a devastating year for Southern California foreclosures (www.defaultresearch.com), there is an end in sight.
?Throughout 2007, Southern California has been a hot bed of foreclosed homes,? said Serdar Bankaci, President/CEO of Default Research. ?I think we will continue to see some increases, but the foreclosure crisis could be winding down. The market is even showing positive signs, such as a decrease in housing inventories.?
A possible improving economy is welcome news from Default Research, the provider of the most current and accurate database of foreclosed properties in Southern California. Still, median home sales in Riverside and San Bernardino are $377,000 which is well below the average of $467,000 in the state of California.
?While conditions are improving in Southern California, there are still a substantial number of three-year Adjustable Rate Mortgages (ARMs) that will adjust in 2008,? said Bankaci, who lists foreclosure sales two to three weeks ahead of the competition. ?Southern California foreclosures (www.defaultresearch.com) will continue to rise as more ARMs reset and people are unable to make their payments. Our statistics show that the foreclosure activity should max out by the third or fourth quarter of 2008.?
According to Bankaci, foreclosure real estate is an excellent investment vehicle for those who want to profit and, at the same time, help families in financial trouble. He stressed that with less properties on the market, being the first to approach a homeowner in distress will become even more important in 2008. Therefore, Southern California investors will need the freshest and most accurate foreclosure data (www.defaultresearch.com), which is offered by Default Research.
Default Research is California?s leader in foreclosure research, reporting Notices of Default and Trustee Sales Notices days after being recorded. More information about Default Research can be found at its Web site: www.defaultresearch.com.
*For additional details, please refer to the release attachments.
If you would like to learn more about this topic, or schedule an interview with Serdar Bankaci, please contact Josh Chernikoff.
Contact: Josh Chernikoff
Default Research
Phone: 1-888-211-8396 x705
###
Related Articles:
2007 International CES Exhibitor Profiles; the World's Largest Consumer Technology Tradeshow Runs Jan. 8th through 11th, 2007 in Las Vegas
The 2007 International CES (Consumer Electronics Show) takes place Jan. 8 - 11 at the Las Vegas Convention Center, Las Vegas Hilton, and The Sands Expo and Convention Center/The Venetian in Las Vegas, Nevada. For in-depth information about 2007 International CES, bookmark and frequently visit http://cesweb.org/default.asp.
Health Clinics & Health Educators Online Resources at CFHC.org: New Website Launch by California Family Health Council
CFHC provides Sex Ed and community healthcare information to web site visitors seeking information on emergency contraception, birth control, cancer prevention, colposcopy, domestic violence, HIV/AIDS, mammography, reproductive health and Sexually Transmitted Diseases. www.cfhc.org features both free downloads and an online store with educational materials in multilingual translations.
Florida Keys Lodging: Choose Among The Finest Beaches And Hotels
Surrounded by two bodies of water, the Atlantic Ocean on one side and the Gulf of Mexico on the other, the amazing 1700 islands that make up the Florida Keys stretch across over 127 miles of the most breathtaking scenery. The overseas highways connecting the islands that one must navigate make even the passage into the islands an adventure in and of itself.
Wildlife And Outer Space In Orlando
So, time for your annual holiday. And everyone in the family wants to do something fun, but maybe not the same thing. It?s more than likely that you don?t want to go to three or four places to satisfy everyone, nor to split up the family into different vacation spots.
Theres More to Orlando than Disney
Orlando is one of the top tourism destinations in the world. It features Walt Disney World, Universal Studios and Sea World.
Golf Carts -- A Surprisingly Large Industry
You probably just take them for granted when you play golf, and never think about their origin. I'm talking about golf carts, those miniature vehicles dotting every golf course.
Outstanding Golf In An Outstanding Setting
Each weekend all over the UK, people load up their cars with their golf clubs and waterproofs, and take to the golf course. A social and popular pastime, enjoyed by many ages, golf is a wonderful outdoor sport, where the setting and elements can play a significant role in the appeal and popularity of a course.
Learn How To Play With Golf Lessons
So you?ve hit a few balls and you are thinking of taking up golf. Or maybe you?ve been playing for years and you would like to find a way to improve. Whether you are a seasoned Tour pro, a raw beginner, or anyone in between, at some point you will likely wonder if you should invest in some golf lessons.
Mike Marquez of Cedar Real Estate, Orange County California is Announcing an Increase in Houses for Sale within the Greater Mission Viejo Area
San Clemente Real Estate and Homes for Sale, Mission Viejo CA Real Estate and Homes for Sale, San Clemente Realtor, Mission Viejo Realtor, Orange County Real Estate, Orange County Realtor, Cedar Real Estate, Mike Marquez 949 677 3425
Golf And Tennis Visors Make You Fashionable
Sports wear has always been the most chick wear with the youth. Be it girls or boys, cheerleaders or disc jockeys sporty wear is always a part of their apparel. Sports wear is associated with youth, energy, style, fashion and fad to some extent too. Athletes, golf and tennis players, baseball players, basket ball players; all wear unique hats and caps suitable for them. These are exclusively designed through some experts with a new logo unveiled every time they join a new team or a new tournament. Baseball hats, golf and tennis visors and camo hats are amongst the most popular items on the list. Well, not behind these sportsmen are sports buffs, cheerleaders and young boys and girls. These youngsters seem to pick up sports field trends as a...