San Diego has kept records of the number of foreclosures and Trust Deeds and Trust Sales since 1974.  And even though it appears, statistically speaking, the number of Notice of Defaults has been reduced, the next 90 days is critical in that it will reveal whether the pendulum is swinging back to “safety”, or are the banks about to deliver stored up foreclosures into the marketplace.

The number of “All Deeds” indicates our current market, good, bad or unchanged.  The number of NOD (Notice of Defaults) indicates the number of homes that our very close to foreclosure.  Those NOD’s that go to sale is the Trustee Deeds.

In 2009 there were a total of 38,300 approximate NOD’s filed.  That is an average of 3192 Notices filed each month during 2009.  In 2010 there was a total of 24,800 approximate filings.  The average is 2070 per month.  The result is an average of 1122 fewer filings per month in 2010 than 2009.  In January, 2011 there have been 2035 filings of Defaulted Loans.

Click here for the Foreclosure Forum, a statistical report from 1974 - present.