It has been a number of months since there has been a significant increase in the Notices of Defaults filed at the Santa Barbara County Recorder. As a matter of fact, they had appeared to be on the decline since June of 09.
February changed all that!
The county is reporting that there were 240 recorded in February.
That is the largest number of NOD's recorded since October and a 52% increase over January.
Is this the second wave or just an anomoly?
Stay tuned!
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