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RealtyTrac has released new data on September’s foreclosure filings — the records filed when a house enters or reaches a new stage of foreclosure.
Total foreclosure filings in San Diego County dipped by 2 percent between August and September (unlike the 80 percent jump between July and August). But year-over-year, total filings rose by 206 percent.
Broken down by type of filing:
- The 3,170 notices of default filed in September marked a 17 percent drop from August’s NODs, but a 156 percent increase over September 2006.
- Notices of trustees sale, the second set of records filed against a home in the foreclosure process, numbered 694 in September. That’s a 64 percent increase over August and a 181 percent increase over September 2006.
- And the number of homes reaching the last stage of foreclosure — becoming bank-owned — skyrocketed in September, reaching 866 last month. That’s a 44 percent jump up from August and a 1,297 percent (14-fold) increase from September 2006.