Business

Biz Buzz: County is low on foreclosed homes list

San Luis Obispo County is faring better than other counties in the state when it comes to foreclosure activity, according to recent data from RealtyTrac, a Southern California-based firm that keeps tabs on foreclosure trends.

The county ranks 46th out of 58 counties in the number of foreclosure filings, the firm reported this week.

In the first half of this year — from January to June — there were 1,823 properties in the county with foreclosure filings, including notices of default, notice of trustee sale and those that have been taken back by the lender.

Though those numbers are nearly 7 percent higher than they were in the year-earlier period, they’re down 6.5 percent from the second half of 2009 — showing a long-term improvement.

One in every 64 households in the county had a foreclosure filing in the first half of this year, compared to one in every 22 households in Merced County.

While RealtyTrac spokesman Daren Blomquist said coastal communities are holding up well, there are some looming uncertainties.

“There are some good signs, with numbers plateauing in some cases or decreasing from a year ago in California counties,” he said. “But there are some risks baked into the housing market that could cause numbers to spike up again.”

He cited continued unemployment woes and loan modifications, refinances and short sales that may not be successful for some homeowners.

“The optimistic scenario is that those foreclosure prevention efforts really do work for most people and stop a lot of them,” he said. “The pessimistic scenario is that many of those properties end up being foreclosed on down the road.”

— Julie Lynem

Templeton chamber elects a new board

The Templeton Chamber of Commerce recently elected new board members: President Carrie Van Beurden of Van Beurden Insurance; Vice President Stacie Ormonde of Ormonde and Associates Real Estate; Treasurer Maria Eskandanian of Heritage Oaks Bank; and Secretary Larry Jordan, an accountant.

Scott Maggelet of Applynx was also elected to join current board members Robert Rosales of Aurignac and Associates, Cindy Warren of Rabobank, Jeff Ridgeway of Lowes Home Improvement, Laurie Ion of the Templeton Community Service District, and Scott Brennan of Access Yellow Pages.

— Julia Hickey

Bladerunner owners open supply store

Stephen Patrick and Todd LeMay, who have owned and operated Bladerunner salon in downtown San Luis Obispo since 1986, have opened Infin8 Beauty Salon and Supply at 1029 Chorro St. in San Luis Obispo.

Infin8 Beauty Supply carries more than 30 professional beauty product lines, and has a hair salon with two chairs and a treatment room for facials and waxing.

The new store has four employees, is 730 square feet in size and is at the previous location of SLO Swim.

— Julia Hickey

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