Real estate company says Bay Area foreclosures soaring
Author: boored
Category: Real Estate
A report out from a real estate information company says the number of homes being foreclosed on in the Bay Area continues to soar.
RealtyTrac says 1,635 Bay Area households were notified last month that their properties were scheduled for foreclosure auctions.
That compares to 357 for September of last year. Though auctions can canceled at the last minute, homeowners receiving the notices are already at least six months delinquent.
Alameda, Contra Costa and Solano continue to be the local counties hardest hit by foreclosures.
In Contra Costa, 1,839 households received notices that they were behind on mortgage payments. That’s up from 591 last September.
Source:
investment property
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