Here are some interesting graphs that support an increase in foreclosure starts (filing NOD's). As you can see by the graph provided by Lender Processing Service.  As indicated the number of loan deteriorating further into delinquent status is almost 2.5 times the volume of Foreclosure starts (down from three times in the prior month). This drop is due entirely to the increase in foreclosure starts.

As shown in the second graph, it's apparent that more severely delinquent loans are not in the foreclosure process. However it's clear foreclosure starts are up and will be the catalyst that will get homeowner to take pre foreclosure action.  I caution homeowners not to wait till they get the Notice Of Default or Notice of Trustee Sale before they educate themselves on the foreclosure avoidance options.

If you're on the fence and considering a short sale visit Santa Clarita Pre Foreclosure Specialists our free reports will educate you about your pre foreclosure options and the complexities of avoiding foreclosure. Your financial future depends your involvement and understanding of this process and its ramifications. Get ahead of those who will be receiving NOD's, right now inventory is low. Don't miss the chance to list now so you can minimize your loss and avoid the hassle of competitive distressed property market. 

Mortgage Deliquencies - National Defualt Numbers Q1 2010

All Mortgages:

4.63% in Foreclosure 9.38% in Default (30+ days late)

Prime Mortgages:

3.41% in Foreclosure 6.89% in Default (30+ days late)

Subprime Mortgages:% Total

15.39% in Foreclosure 25.76% in Default (30+ days late)

FHA Mortgages:1.15% Total

3.93% in Foreclosure 12.09% in Default (30+ days late) 1

VA Mortgages:6.02% Total

2.63% in Foreclosure 7.06% in Default (30+ days late) 9.69% Total

All Mortgages - 2010

Total Distressed Properties: 6,700,000*

Total Predicted Sales: 6,030,000** *Distressed Property Institute estimate **NAR, Walt Molony

http://www.realtor.org/press_room/news_releases/2010/02/metro_state

Unemployment Rate

According to the U.S. Bureau of Labor Statistics, the seasonally adjusted unemployment rate for April 2010 was 9.9%. The highest rate ever recorded by the Bureau was 10.8% in Nov/Dec 1982.