Burlingame Foreclosures Tiny Compared to State

Burlingame residents know how to hold onto their homes, at least according to data released by RealtyTrac.

The data shows that just one in every 5,712 homes in Burlingame was in foreclosure last month. Just up the road in South San Francisco, one in every 1,162 homes is on its way to being bank owned.

In July, there were zero bank owned homes in Burlingame, one home auction and two homes in pre-foreclosure. Auctions peaked this year in January at six, and pre-foreclosures peaked in April, also at six homes.

In comparison, there were 18 homes in pre-foreclosure in South San Francisco in May, and 16 up for auction in January. 

The national and California average foreclosure rate is 0.1 percent. Burlingame hovers down at 0.02 percent.