Housing Tax Credits Extended

Federal Housing Tax Credit

$8,000 Tax Credit for First Time Buyer

$6,500 Tax Credit for Repeat Home Buyer

www.federalhousingtaxcredit.com

Foreclosures California / Monterey October 2009

NOD's: an 7.47 percent decrease from September to October. 35,323 total filings, which is an 103.46 percent increase over October 2008.

Trustee Sales: a 13.02 percent increase from September to October. 37,421 total filings, which represents a 41.74 percent increase over October 2008.

Auction Sales Back to REO: a 22.24 percent increase from September to October. 16,081 total sales. A 20.95 increase year over year.

Cancellations: an increase of 0.94 percent totaling 8,741 previously scheduled sales. This represents a 22.52 percent decrease from October 2008.

Third Party Sales: properties sold to investors at the court steps increase 16.42 percent in October 2009. A total of 3,971 properties sold to investors or junior lien holders.

Monterey County:

Notice of Default / Notice of Trustee Sale / Back to Bank / Sold to Third Party

October 2009: 405 / 459 / 184 / 40
September 2009: 410 / 347 / 186 / 32
October 2008: 199 / 416 / 217 / 4