More Foreclosure Stats – August 2007

National Highlights: Foreclosure activity increased 36 percent from July, 2007. Foreclosure activity increased 115 percent from August 2006. REOs increased 59% month over month, the biggest increase of any of the three foreclosure categories (Default, Auction, REO). State and MSA Highlights: Nevada, California and Florida posted the top three state foreclosure rates. The states with the most total foreclosure filings were California, Florida, Ohio, Texas, and Michigan. California cities accounted for six of the top 10 metro foreclosure rates. California cities accounted for six of the top 10 metro foreclosure rates. Other top 10 metro foreclosure rates were Detroit, Fort Lauderdale, Las Vegas, and Cleveland.

About Michael Stark

Licensed since 1996, Michael Stark is a Southern California native, and a real estate broker. Michael’s work spans multiple asset types, including homes, condos, multifamily, commercial, industrial, and NNN property throughout Southern California. Michael's reputation for sourcing unique off market properties and seller motivated real estate deals is well known. Another core specialty is helping sellers market and maximize the return on their property. From 2010 to 2020, Michael served as the Program Chairman of RIAOC (Realty Investment Association of California) booking over 400 speakers. Michael also served as a board member of the Newport Beach Association of Realtors MLS Committee. Michael's website provides a variety of free resources at SouthernCaliforniaBroker.com, along with nearly 500 videos that he produced. Michael earned his B.A from Claremont McKenna College, and his Masters from the London School of Economics. DRE# 01207862.

By Michael Stark | September 18, 2007 | Categories: Blog, Miscellaneous |