According to this Realtytrac report for first Quarter 2009, California was #3 in the country in terms of highest percentages of foreclosure filings at ~1.72%, Arizona just beat us out ~ 1.85% and Nevada was the undisputed champ at ~ 3.7%. Realtytrac defines a foreclosure filing as an NOD, NTS or a bank repossession.
The national average is ~.63% of all U.S. Properties (had some sort of foreclosure filing during that same time period.)
Defaults in California are up by record numbers according to this Dataquick article. Up 80% from prior quarter (Q4 2008) and 19% from prior year quarter (Q1 2008).
~70% of loans originated by ResMae 8/06=>11/06 have defaulted, Masters Financial and Ownit were both North of 60% too during that time period, WOW!!...…