Tuesday, May 06, 2008

Foreclosures and defaults continue to rise.

NOD's rise 148% YOY

Foreclosures rise 338% YOY

Bakersfield Californian:

April racked up another record month for local defaults and foreclosures, with 1,303 default notices sent out and 723 delinquent loans foreclosed on, the latest report from the Kern County Recorder’s office shows.

Since April 2007, however, they’ve jumped dramatically — more than doubling that month’s 526 default notices and more than quadrupling its 165 foreclosures.