Jul 14
Banks and loan servicers began the foreclosure process on 2,486 home loans in Orange County in June, the highest total in three months, reports ForeclosureRadar.com. Notices of default, which officially start the long foreclosure process, increased 16% from May and 10% vs. a year earlier. The chart ( click on it for larger image ) shows NODs, notices of trustee’s sale, and actual foreclosures from July 2007, the start of the credit crunch. Banks typically file a notice of default after a
