More Signs of Trouble in San Francisco

A couple months ago we featured a map which plotted default notices and trustee sale notices in San Francisco. We’ve decided to revisit the map and provide some perspective of how things have changed since April.

Not surprising, the number of defaults, trustee sale notices, and actual sales (red) are up by almost 100%, while we are continuing to hear of more and more assets in trouble. And as unemployment continues to increase and business activity remains off, things will likely continue to deteriorate.

What’s plotted is commercial, industrial, and 5+ unit apartment buildings.

April 2009

June 2009

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• They’re Coming: Commercial Foreclosures Gaining Steam
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• Signs of Stress in Higher End Markets
• 90-Day Foreclosure Moratorium Kicks In Tomorrow