Foreclosure activity spikes in Fresno County

Source: The Business Journal

Foreclosures shot up in Fresno County in June, painting a completely different picture compared to the rest of the Central Valley. According to new data by RealtyTrac, the number of foreclosure filings in Fresno County was 75 percent higher than May but 52 percent lower than the same time last year. In Tulare County, foreclosure filings were down 42 percent in June compared to the previous month and 71 percent lower than June 2012. Madera County saw foreclosure filings fall 37 percent compared to May and 73 percent compared to a year ago. Kings County's foreclosure filings were up just 1 percent from May and 55 percent down from June of last year. Statewide, foreclosure filings dropped 12 percent in June from the prior month and 68 percent from the same time last year. Across the nation, foreclosure filings were down 14 percent from May and 35 percent from a year ago. There are currently 1,33 million properties in the U.S. that are in some state of foreclosure, ranging from notice of default, up for auction or reverted back to the bank.

URL to original article: http://www.thebusinessjournal.com/news/real-estate/6869-foreclosure-activity-spikes-in-fresno-county

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