County foreclosures on the rise | TheUnion.com
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County foreclosures on the rise

The number of defaulted properties in Nevada County has doubled in the past year, according to figures from the county recorder’s office.

Last year, lenders issued 124 notices of default from January 1 to July 1. For the same time period in 2007, that number rose to 253.

There are 282 homes in some phase of foreclosure or bank ownership in Nevada County according to Realtytrac, http://www.realtytrac.com, an online marketplace for foreclosure properties.



“In the grand scheme of things, that’s not an alarming rate,” said John Taber a commercial and residential loan officer with Delta Home Loans. He said Nevada County is faring better than other counties in the state.

Placer County has 3,086 homes in some phase of foreclosure and Yuba County lists 567, according to RealtyTrac.




Nationwide, foreclosures are up 87 percent above last year, with 164,644 foreclosure filings recorded in June.

California registered with the nation’s second highest state foreclosure rate with one foreclosure filing for every 315 households.


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