Foreclosure statistics for Ventura County in October
By Leslie | December 20, 2011
The following data comes from www.ForeclosureListService.com.
We are definitely seeing a surge in the filing of new foreclosures in Ventura County. The first step in California’s foreclosure process is the filing of the Notice of Default. That period lasts 3 months, then the trustee/lender files the Notice of Trustee Sale document which gives the time, place and amount of bid for the property. If the property goes to auction, a Trustee Deed is recorded showing the new owner. It can either be the lender (if no third party bid for it) or the successful high third party bidder.
Filed under article topic: Foreclosures,Market statistics/Trends