Newport Beach CA Property Foreclosures – Does Government Regulation Help?

Newport Beach CA real estate – property foreclosure data – includes notice of default, foreclosure filings and inventory information.

Newport beach foreclosure filings

Newport Beach had 18 new notice of default filings during February 2012 – which was down from last year – and had 20 notice of trustee sales, which was also down from last year.

Government intervention has slowed down foreclosures but failed to deal with negative equity.  “Passing laws to essentially eliminate foreclosures, as they appear to have accomplished in Nevada, and are now contemplating with similar draconian measures in California, is likely to do more harm then good. The pendulum of regulation is once again swinging too far.” – Sean O’Toole – ForeclosureRadar.com.

NEWPORT BEACH REAL ESTATE

Notice of Default filings are the first step in the California foreclosure process.  Notice of Trustee Sale filings set the date and time of an auction, and serve as the homeowner’s final notice before sale.

Newport Beach foreclosure inventories

Newport Beach now has 156 properties scheduled for trustee auction sales after foreclosure.  If you want to see list of this information, contact us by email – ExploreProperties@gmail.com – and provide your name, email address, and what information you want.
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Source of information is ForeclosureRadar.com.

Contact us about listing and sale of Newport Beach and Orange County CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.

Posted via email from Explore OC Homes

About Harrison K. Long

Real estate and business attorney. CA State Bar Association attorney member #69137. Professional real estate representative, REALTOR®, GRI, Real estate broker, CALBRE #01410855. Broker associate, HomeSmart Evergreen Realty, Irvine, CA. Providing real estate legal information and services for property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with their best decisions about homes and real estate. Orange County REALTORs® (member and prior service on its board of directors). "Realtor of the Year 2016" award by the Orange County REALTORs®. California Association of REALTORs® (now serving on its board of directors). National Association of REALTORs® member. Contact by cell or or text at 949-701-2515.
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