Foreclosure filings in Big Bear were down 28% in November 2009 when compared to the previous month. Year over year, foreclosure filings were up 23% from the November 2008 numbers. Notices of default dropped to the lowest number we've seen in a year, while notices of sales and trustee sales back to the bank remained near their monthly average.  There are several potential reasons for the drop in defaults - the lull of the holiday season, banks giving borrowers more time and options to resolve the delinquent … [Read more...]