Cliff's Notes...on Real Estate

Useful information YOU may use to help buy or sell SF Bay Homes in California. With a total of 39+ years of experience in real estate, I bring to the table what YOU want in your Realtor. Get a winning team in your corner when you sell or buy a home.

Wednesday, August 20, 2008

If you are unhappy remember...

Change is inevitable,
...growth is optional.

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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?

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