Jen Lebron Kuhney of The Daily Transcript reported recently on the March foreclosure stats for San Diego County. The bad news is that filings were up from February, but were down from March of ’09.
According to Kuhney, 2,491 notices of default and 1,288 trustee deeds were filed in the county recorder’s office in March. Trustee deeds were up 13% from February while notice of defaults were up 6%.
Quoting from the article, “While the number of foreclosure filings are at historically high levels, there have been almost a third fewer filings in the first quarter of 2010 than there were in 2009 and a quarter fewer filings than 2008.”
Michael Lea of USD thought there was a potential of the numbers to start rising to the point that there will be a year-over-year increase because there are still a large number of loans out there that are in serious default.