Fresno Foreclosure Activity Report Friday November 5, 2010

According to www.foreclosureradar.com there are 6195 homes in some stage of foreclosure in Fresno, Clovis, Sanger and Madera cities of California as of 11/05/2010.

In Fresno with a population of almost 500,000 people there are 4173 single family homes in some stage of foreclosure.  There are 1015 homes that have been foreclosed on and are still owned by the bank waiting to be sold to new home owners.  There are 1289 homes with court house auction dates set and an additional 1869 homes where a notice of default has been filed with auction dates still to be set.

In Clovis Ca. there are currently 212 bank owned homes, 299 with auction dates set to foreclose and 369 with a notice of default filed with auction dates still to be set.

Madera Ca. has a total of 889 homes in some stage of foreclosure and Sanger Ca has a total of 253 homes in some stage of foreclosure.

Additionally there are an estimated additional 2000 to 3000 homes in Fresno County that are behind on payments but the bank has yet to file a notice of default

Trust deed auctions are held every weekday morning on the Fresno County Court House steps.  If interested in buying homes at the auctions remember to bring 100% of funds needed to purchase.  Buying homes at the trust deed action is not for most buyers as there are added risks associated with the sale.  The safest way to purchase a foreclosed homes is after the trust deed sale from a licensed Realtor.  For a list of all foreclosed homes in Fresno please visit my web site www.SmartOpenHouse.com