Now average 735 days to foreclose, plus foreclosure statistics for the nation, Napa Valley, Napa County and the City of Napa

At my office meeting yesterday, the management showed us the following slide presentation on foreclosures from ForeclosureRadar.com C.A.R. The presentation had some interesting facts for national foreclosures but broke it down for what is happening the Napa Valley areas including the Napa County and the City of Napa .

Here are few of the highlights, please note some the graphs may seem duplicated but both City of Napa and Napa County are included:

• Average time nationwide to foreclose is now 735 days
• Nationwide delinquencies, now 7.6% of housing stock, and foreclosures trending down
• 2.2 home nationwide under water and 900,000 homeowners have stopped making payments
• In California there are quite a few commercial foreclosures including 178 hotels and 1 cemetery/mortuary
• Foreclosure filings up in Napa County
• foreclosures inventories remaining stable in both Napa County and Napa City
• More properties going back to bank than being old to investors in Napa County