Countrywide California Foreclosures

Countrywide posted the following charts that reflect the current trend in California Foreclosures with their institution.
(As of June 9, 2009)

Remember when looking at these charts that the government imposed a moratorium on foreclosures during the holiday season 2008, and it wasn't officially lifted until March 31, 2009.

The foreclosure process on many loans would not even begin until after the March 31 date. Please see http://www.Homes4SaleSanDiego.com for foreclosure time lines in California.






































These charts show what we in the real estate industry already know. The lenders are holding off on foreclosing on properties to try a protect the economy from completely going down the tubes.

Barbara Whisenant

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