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Feb 2012 - Foreclosure
Activity Continues to Fall
- The
"foreclosure wave" many predicted at the end of last year is
beginning to look more like a drought, as foreclosure sales dropped
significantly in February. Although sales to 3rd Parties, typically
investors, were down month-over-month, as a percentage of all sales
3rd Parties purchased a record 37.6 percent of foreclosures, up from
20.3 percent a year earlier, and just 2.2 percent in February 2008.
Further
eliminating any possibility of a foreclosure wave for months to
come, was a substantial drop in new foreclosure filings in
California.
Unlike years past, February's drop in sales was not due to the short
month. Thanks to the Leap Year, California had only one less
business day than usual in February (because of the Abraham
Lincoln's birthday observation). The other states do not observe
Lincoln's birthday, and so had the same number of business days as
other months.
Seeing Most Update
Foreclosure Report in California in PDF.
View California Stats By County, City, and Zip
Short Sale
Deficiencies SB931- Effective in Jan. 2011
Gov. Brown Signs
SB458 Into Law - Extends protections of SB931 to JUNIOR LIENS -
Short Sale Deficiency Waived
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