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Range Values for Foreclosures

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Filings By Est. Market Value—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the estimated market value of the property in foreclosure.

Foreclosure Outcomes—After the filing of a Notice of Trustee Sale, there are only three possible outcomes. First, the sale can be Cancelled for reasons that include a successful loan modification or short sale, a filing error, or a legal requirement to re-file the notice after extended postponements. Alternatively, if the property is taken to sale, the bank will place the opening bid. If a 3rd party, typically an investor, bids more than the bank's opening bid, the property will be Sold to 3rd Party; if not, it will go Back to the Bank and become part of that bank's REO inventory.

I need to explain these two graphs and formulate the range value of foreclosures year to date for the Stanislaus County.

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The solution discusses the range values for foreclosures.

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For the first graph:

The number of foreclosures between $0 and $100,000 total 67. The number of foreclosures consists of 41 notices of default and 26 notices of sale. The number of foreclosures between $100,000 and $200,000 total 209. The number of foreclosures consists of 109 notices of default and 100 notices of sale. The number of foreclosures between $200,000 and $300,000 total 55. The number of foreclosures consists of 31 notices of default and ...

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