Brentwood CA Foreclosure List, June 2010

June 21, 2010 by Tom Schieber
Filed under Blog, Foreclosures

Foreclosure activity seems to have slowed in Brentwood and East Contra Costa County, but I don’t believe that it’s an indication of a real change in the market.

Notice of Default filings are down compared to last month and this time last year, as banks slow the pace of processing the foreclosures. It’s most likely that the slowdown in filings is due to the banks’ efforts to work homeowners into loan modifications and short sales, which are more favorable foreclosure alternatives for all involved.

The success rates of these modification and short sale programs have been low due to inconsistent guidelines and ramp-up processes. However, I do expect to see more of these alternatives to foreclosures in the months to come. Meanwhile, distressed properties in Brentwood continue to dominate the real estate market, making-up the significant portion of homes for sale on the market.

There are currently over 417 homes in Brentwood that are in “auction” status, or the final stages of the foreclosure process. You can download the list of these properties for free by clicking on the link below.

Additionally, there are at least 313 properties in a pre-foreclosure state in Brentwood, most of which will be coming to market either as short sale or bank-owned listings within the next six months. In the past 30 days, there have been 47 properties that have either gone back to the bank (will come to market as REO listings) or sold to 3rd party investors (many of which will also come back on the market).

If you have questions about the foreclosure process, short sales, buying foreclosures or bank-owned properties, or saving/selling your home that is in foreclosure – please don’t hesitate to contact me directly.

Click to Download the FREE June Brentwood Foreclosures List (82.3 KiB, 152 hits)