Orange County, Calif., foreclosure starts and sales at auctions are down, but the number of homes that went back to lenders and have not been resold is up over last year, according to a new report from ForeclosureRadar.com.
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The research firm also said 'notices of default' (NODs) are down 3.58% from October and down 22.94% from last November.
Notices of trustee sale — or foreclosure auctions — are down 7.15% from last month and down 13.84% from November 2009.
Orange County has been one of the hardest hit in terms of home price declines in the state. Moreover, many subprime firms — including Ameriquest, Argent, Option One, and others — had their headquarters in the area.
