Bay Area Notices of Default (NODs) in the fourth quarter of 2011 fell 16.6% on a year-over-year basis, down 6% in San Francisco proper (from 435 to 409).
Actual Bay Area foreclosures in the fourth quarter fell 16.2% on a year-over-year basis (from 5,764 to 4,831) with Contra Costa (down 13.1% to 1,354), Alameda (down 23.8% to 1,038) and Santa Clara (down 20.3% to 718) leading the way with respect to volume.
Fourth quarter recorded foreclosures in San Francisco totaled 162, up 3.8% on a year-over-year basis, flat from the third quarter of 2011 versus a 21% drop across the Bay Area overall. While nominal, San Francisco was the only Bay Area county to record a year-over-year uptick in recorded fourth quarter foreclosures.
California Foreclosure Activity Drops [DQNews]
San Francisco Foreclosure Trends And 2011 And Retrospective [SocketSite]

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Comments from “Plugged-In” Readers

  1. Posted by eddy

    Anyone have shadow inventory. Weren’t we supposed to see an updated Inventory returning for 2012?

  2. Posted by Watcher

    Anyone have shadow inventory. Weren’t we supposed to see an updated Inventory returning for 2012?

    banks won’t release shadow inv until mortgage settlement done. should have been by SOU but must be held up. still be in 2012
    foreclosure numbers meaningless till then

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