CALIFORNIA FORECLOSURE ACTIVITY INCREASES; DEFAULT NOTICES DECLINE
California led the nation with 72,285 foreclosure filings in July, a 5 percent increase from June and an 85 percent increase from July 2007, according to a recent report by RealtyTrac®.
Bank repossessions, auction notices, and default notices all increased in year-over-year comparisons.
Default notices however, which are the first phase in foreclosure proceedings, declined 4 percent from June, according to the report.
Have we hit the bottom of this insanity called Foreclosure?
Bank repossessions, auction notices, and default notices all increased in year-over-year comparisons.
Default notices however, which are the first phase in foreclosure proceedings, declined 4 percent from June, according to the report.
Have we hit the bottom of this insanity called Foreclosure?
posted by Unknown | 11:13 PM
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