Friday, November 14, 2008

The Lenders Continue Their Foreclosures

October in Santa Barbara County saw lenders take back 109 properties countywide. That number is significantly lower than August or September where there were 211 and 208 respectively. That has to be good news for someone.

There were 17 properties total for the communities of Santa Barbara, Goleta, Carpinteria, and Montecito. That is about a 20% decrease from the prior 2 months.

Lompoc saw only 20 or so properties in there area and Santa Maria continues to be the foreclosure captital in Santa Barbara County with 70ish properties going back to the bank in October.

The majority of the loan amounts appear to be below $500,000 with many in the $200,000 to $300,000 range. In the south county the number was split between homes and condominiums. In the northern part of the county there were very few condominiums.

Countrywide continued to have the most properties on the list, but they didn't overwhelm the list like they have in the previous months. Make sure to check out the map below to see more details for the properties and areas you are interested in.

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