Sunday, January 25, 2015
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

California foreclosure starts fall to 8-year low

By
From page B11 | July 18, 2014 |

SAN DIEGO — The number of default notices — the first step in the foreclosure process — sent to California homeowners slid to its lowest level in more than eight years in the spring as higher home values left fewer homeowners underwater, a research firm said Thursday.

There were 17,524 default notices filed from April to June, down 8.8 percent from 19,215 in the first quarter and down 31.9 percent from 25,747 in the second quarter of 2013. It was the lowest level since the fourth quarter of 2005, when 15,337 notices were filed.

Most home loans going into default originated from 2005 to 2007, when home prices were skyrocketing. The median origination date of defaulted loans was the third quarter of 2006, as it has been for the last five years.

California’s median sales price for new and existing houses and condominiums reached $393,000 in June, the 28th straight annual increase and the highest level since December 2007. While price increases have cooled since last year, the rally has left fewer people in danger of losing their homes because they no longer owed more than their properties were worth.

Foreclosure starts have held fairly steady for 1 1/2 years, despite a one-time jump in the second quarter of 2013 as lenders adjusted to new state laws to protect distressed homeowners, said DataQuick analyst Andrew LePage. The laws — which required 90-day eviction notices and banned foreclosures while loan modifications were being negotiated — led to a drop in starts when they took effect in January 2013 and an increase during the second quarter as lenders caught up.

Default notices tumbled 39.6 percent from last year in the nine-county San Francisco Bay Area, 36.5 percent on the Central Coast, 31.3 percent in a seven-county region of Southern California and 28.8 percent in the Central Valley.

Among the state’s largest counties, loans were least likely to go into default last quarter in San Francisco, Marin and San Mateo counties, DataQuick said. The probability was highest in Tulare, Madera and Fresno counties.

There were 7,392 foreclosures completed during the second quarter, down 24.9 percent from the same period last year. It was the lowest level of completed foreclosures since the fourth quarter of 2006, when the number stood at 6,078.

 

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

Solano News

Solano GOP welcomes address from King niece

By Bill Hicks | From Page: A1, 6 Comments | Gallery

 
Nursing students take next step in higher education

By Amy Maginnis-Honey | From Page: C1 | Gallery

Friend seeks justice for 1982 Vacaville homicide victim

By Amy Maginnis-Honey | From Page: A1, 12 Comments | Gallery

 
 
Wine, chocolate pairing comes to downtown Benicia

By Susan Hiland | From Page: A3

Local gas prices dip below $2 a gallon

By Bill Hicks | From Page: A3, 2 Comments | Gallery

 
Biggest Little Car Show returns for 31st year

By Susan Hiland | From Page: A3

 
Solano Safety Net Summit set in Fairfield downtown

By Kevin W. Green | From Page: A3

 
Be heart smart all year long

By Gerald Bourne, MD | From Page: C4

Kindergarten Readiness Roundup enlightens parents

By Susan Hiland | From Page: A4 | Gallery

 
Weather for Sunday, Jan. 25, 2015

By Daily Republic staff | From Page: B4

Crews respond to residential fire

By Bill Hicks | From Page: A4 | Gallery

 
CHP seeks witnesses to I-80 crash

By Bill Hicks | From Page: A5, 1 Comment | Gallery

 
City seeks input on downtown plan

By Brian Miller and Karl Dumas | From Page: B7, 2 Comments

Fairfield police log: Jan. 23, 2015

By Susan Hiland | From Page: A10

 
Suisun City police log: Jan. 23, 2015

By Susan Hiland | From Page: A10

Privatized housing tenants to feel BAH pinch

By Tom Philpott | From Page: B10

 
Suisun City police log: Jan. 22, 2015

By Susan Hiland | From Page: A10

Airman with Fairfield tie completes training

By Nick DeCicco | From Page: B10

 
.

US / World

Abe ‘speechless’ after video claims IS hostage dead

By The Associated Press | From Page: A1

 
It’s a hoot hanging out with owls at this Tokyo cafe

By The Associated Press | From Page: C2 | Gallery

Abortion opponents express renewed hope at SF rally

By The Associated Press | From Page: A5

 
School: Sea otter conceived in wild is 1st born in captivity

By The Associated Press | From Page: A5

Man searching by plane finds body of missing son off Mexico

By The Associated Press | From Page: A5

 
Kia recalling nearly 87,000 Fortes because of fire risk

By The Associated Press | From Page: A5

Elon Musk’s SpaceX drops lawsuit against Air Force

By The Associated Press | From Page: A5

 
California’s public-worker payroll increased post-recession

By The Associated Press | From Page: A5

Avian flu confirmed in commercial turkey flock in California

By The Associated Press | From Page: A5

 
Boy, 13, arrested in fatal stabbing near Los Angeles school

By The Associated Press | From Page: A5

 
Company seeks rights to names of iconic Grand Canyon lodges

By The Associated Press | From Page: A6

GOP presses state bills limiting gay rights before ruling

By The Associated Press | From Page: A9

 
1st attempt to lift fuselage of crashed AirAsia plane fails

By The Associated Press | From Page: A9

Tens of thousands protest after president resigns in Yemen

By The Associated Press | From Page: A9

 
Thousands march against socialist president in Venezuela

By The Associated Press | From Page: A9

Expert says King Tut mask can be restored after epoxy used

By The Associated Press | From Page: A9

 
Obama to cut short India trip to pay call on Saudi Arabia

By The Associated Press | From Page: A9

Rockets kill 30 in Ukrainian city as rebels launch offensive

By The Associated Press | From Page: A11

 
.

Opinion

 
Plea for return of stolen statue

By Letter to the Editor | From Page: A8

 
Not all police are bad

By Letter to the Editor | From Page: A8, 10 Comments

Editorial Cartoon: Jan. 25, 2015

By Daily Republic Syndicated Content | From Page: A8

 
Sound off for Jan. 25, 2015

By Daily Republic | From Page: A8, 1 Comment

 
.

Living

Today in History: Jan. 25, 2015

By The Associated Press | From Page: A2

 
Community Calendar: Jan. 25, 2015

By Susan Hiland | From Page: A2

The gift of a new beginning

By Dalia Adams | From Page: C3, 1 Comment

 
Mennonite group to build houses in tornado-damaged town

By The Associated Press | From Page: C3

Yearbooks bring Jewish, Catholic groups together

By The Associated Press | From Page: C3

 
Horoscope Jan. 25, 2015

By Holiday Mathis | From Page: C4

My dad can’t get over the bad first impression of my boyfriend

By Kathy Mitchell and Marcy Sugar | From Page: C4

 
.

Entertainment

Mariel Hemingway working on memoir and young adult novel

By The Associated Press | From Page: C6

 
Jonathan Franzen to appear at BookExpo America

By The Associated Press | From Page: C6

PUBLISHERS WEEKLY BEST-SELLERS

By The Associated Press | From Page: C6

 
TVGrid

By Daily Republic Syndicated Content | From Page: B11

.

Sports

25 years of trying to get it right

By Paul Farmer | From Page: B1, 3 Comments | Gallery

 
Sharapova, Bouchard into quarterfinals at Australian Open

By The Associated Press | From Page: B1

2 Williams sisters, 2 Madisons into 4th round at Aussie Open

By The Associated Press | From Page: B1

 
Hall of Famer Ernie Banks mourned in sports world and beyond

By The Associated Press | From Page: B1 | Gallery

Thompson’s record 3rd quarter leads Warriors past Kings

By The Associated Press | From Page: B1 | Gallery

 
Belichick on deflated balls: ‘We try to do everything right’

By The Associated Press | From Page: B1, 5 Comments | Gallery

Carroll, Belichick excelled after failing the first time

By The Associated Press | From Page: B2

 
Luck-led Team Carter vs. Romo-lead Team Irvin in Pro Bowl

By The Associated Press | From Page: B2

AP Explains: The Pro Bowl, unlike any other All-Star game

By The Associated Press | From Page: B2

 
Abdullah leads North to 34-13 win over South in Senior Bowl

By The Associated Press | From Page: B2

As Brady, Gronk know, pre-Super Bowl injury talk always big

By The Associated Press | From Page: B2

 
AP Interview: Selig says MLB could expand internationally

By The Associated Press | From Page: B2

Could Super Bowl be Lynch’s finale in Seattle?

By The Associated Press | From Page: B2 | Gallery

 
Sherman, Seahawks take the trash-talk lead over Patriots

By The Associated Press | From Page: B2 | Gallery

 
Shortstop Troy Tulowitzki’s surgically repaired hip on mend

By The Associated Press | From Page: B2

 
Buckeyes celebrate their title at Ohio Stadium

By The Associated Press | From Page: B2

Jimenez, Mediate share lead in Champions Tour opener

By The Associated Press | From Page: B3

 
Grace wins Qatar Masters by 1 stroke

By The Associated Press | From Page: B3

Matt Kuchar stumbles in, gives away Humana Challenge lead

By The Associated Press | From Page: B3

 
For streaking Atlanta Hawks, it’s all about the balance

By The Associated Press | From Page: B3

Upstart wins $400,000 Holy Bull at Gulfstream

By The Associated Press | From Page: B3

 
Mischief Clem wins California Cup Derby in photo finish

By The Associated Press | From Page: B3

World Cup of Hockey tournament set for 2016

By The Associated Press | From Page: B3

 
Hometown report: Bowling

By Daily Republic staff | From Page: B3

Ashley Wagner wins 3rd US title with record-setting scores

By The Associated Press | From Page: B3 | Gallery

 
Weber’s 108.5-mph blast gives him hardest shot at NHL skills

By The Associated Press | From Page: B3

Sports on TV for Sunday, Jan. 25, 2015

By Paul Farmer | From Page: B5

 
This date in sports history for Jan. 25, 2015

By The Associated Press | From Page: B5

.

Business

Anheuser-Busch to buy craft beer company

By The Associated Press | From Page: A6

 
Booking a trip to the ER on your smartphone? It’s a breeze

By The Associated Press | From Page: B7 | Gallery

Higher standard deduction, other breaks for older taxpayers

By The Associated Press | From Page: B7 | Gallery

 
Tiny Cokes: Less guilt means more money for makers

By The Associated Press | From Page: B8

Recalls this week: cleaners, fitness machines

By The Associated Press | From Page: B8

 
First Look: Apple’s HomeKit could help smarten up your home

By The Associated Press | From Page: B9

.

Obituaries

Sheila Margery (Smith) Luxenberg

By Nancy Green | From Page: A4

 
.

Comics