August Foreclosure Activity

Many people are suffering foreclosure in the area encompassed by the 93023 zip code (which includes Ojai, Mira Monte, Meiners Oaks, and Oak View).  In August, approximately 1 out of every 500 houses received a foreclosure filing.  Compared to California as a whole, Ojai is doing fairly well.  California's rate of foreclose is double that of Ojai.  In hard numbers, the Ojai area saw 19 homes go into foreclosure in August.  That is a home every day and a half -- in our small community.

The people of Ventura County as a whole suffer even more.  In terms of the sheer number of foreclosures in August, these cities lead the way.  Remember, these numbers represent one month of activity.

• Oxnard (280)
• Simi Valley (236)
• Ventura (143)
• Camarillo (140)

If we look at the percentage of homes in foreclosure in a given community, the ranking of cities on that list changes. Again, the numbers are not annualized.  The number represents the percentage of houses that went into foreclosure in August.

• Moorpark (1 in 149)
• Simi Valley (1 in 176)
• Port Hueneme (1 in 186)
• Oxnard (1 in 191)

At the rate Moorpark is preceeding, nearly one in ten families who own their home would go through foreclosure in year.

If you need help, please call Mansfield Law Office.  You can also email me at amansfield@ojaivalleylaw.com.  More information can be found on our website: http://www.ojaivalleylaw.com or, for more specific financial distress information, you can find us at http://www.venturadebtlaw.com.