Real Estate

Baldwin Park Foreclosures Down in March

The number of properties that received a foreclosure filing in Baldwin Park, was 26% lower than the previous month and 45% lower than the same time last year.

Baldwin Park's foreclosure rates were down last month, mirroring a reversal of activity throughout the state, a real estate tracking firm reported Thursday.

In March, the number of properties that received a foreclosure filing in Baldwin Park was 26% lower than the previous month and 45% lower than the same time last year.

There are currently 244 properties in Baldwin Park, that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale is 22, according to Irvine-based RealtyTrac.

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Nationally, 152,500 properties slipped into foreclosure in March, a 1 percent decrease from February and a 23 percent drop compared to a year ago, according to RealtyTrac.

"Although the overall national foreclosure trend continues to head lower, late-blooming foreclosures are bolting higher in some local markets, where aggressive foreclosure prevention efforts in previous years are wearing off," said Daren Blomquist, RealtyTrac vice president.

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California ranked No. 11 in U.S. foreclosure activity in March, with 18,489 properties going into default, or 1 in 737, according to RealtyTrac. The figure was 2.7 percent above the number of filings in February but 59 percent less than a year ago.

Nevada had the highest foreclosure rate nationwide, with 1 in 306 households in default last month.

– City News Service contributed to this report.


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