Definitely a post worth checking out. Lots of great california foreclosure data.

We’re going to get after this, we’re going to do it the right way and we’re going to put it to bed in the next 36 months,” he said.

If this is true, then we should be seeing an increase in B of A assignments soon.

Sure looks like it to me.

Here's an updated Option ARM chart.

& still growing. Up 10% from last year.

Qualified homebuyers who will be owner-occupants can receive up to 3.5 percent of the final sales price that can be used toward closing cost assistance, including a home warranty, if available. In addition, selling agents representing owner-occupants will receive a $1,500 bonus.

Eligible offers must be submitted on or after September 23, 2010, and must close by December 31, 2010. The sale must close within 60 days of the offer being accepted.

In August, 338,836 properties received a foreclosure filing, which is a 4% increase from July but still down 5% from last year. James Saccacio, CEO of RealtyTrac, said default notices and bank repossessions were nearly equal in August, an indication that lenders are carefully managing the clogged foreclosure pipeline.

"On the front end, seriously delinquent loans are rolling into foreclosure at an unusually slow rate, while on the back end the dammed-up inventory of properties already in foreclosure is moving to REO in steady stream rather than a flood — presumably to prevent further erosion of home prices," Saccacio said.