February California Foreclosure Report
FORECLOSURE STARTS UP NEARLY 20% IN CALIFORNIA
Despite foreclosure inventories, foreclosure sales drop
Discovery Bay, CA, March 15, 2010 – ForeclosureRadar (www.foreclosureradar.com), the only website that tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for February 2010. After reaching the lowest level in a year last month, Notice of Defaults, the start of the foreclosure process, increased by 19.7 percent in February. The number of properties scheduled for foreclosure sale remained near record levels, yet foreclosure sales, either Back to Bank or Sold to 3rd Parties, dropped by 11.9 percent total.
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