Foreclosure Radar brings home the data to us again for California foreclosures. Check out their latest video above for July 2010. The notes below were taken from YouTube. Good news? What do you think? No foreclosure wave coming?
Highlights from this report:
Notices of Trustee Sale fell 18.91% back down to expected levels after a 22% spike last month. Cancellations drop 13.75%, a reversal of last months trend, but remain up 75.10% year over year. Pre-Foreclosure inventory was down 20.18% from June, indicating that lenders may be noticing sales more quickly. Discounting on the courthouse steps continues to climb since the beginning of the year, up approximately 5% since January to 21.6%. Time-to-Foreclosure was down month over month by 3.42% to 226 days. Time-to-Resell fell slightly for 3rd Party investors to 164 days, a 3.53% decline month over month.
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