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~Welcome "Top professionals in real estate give excellent service. They understand they are in the people business." Professionals understand they are in the people business Top Professionals understand they are in the people business |
Sandra Fronhofer Realtor® ☆ ☆ ☆ ☆ direct : 818-744-8484 |
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DRE-ID# 01731351
direct: 818.744.8484 office: 818.933.3100
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California
Foreclosure activity slowed again in July, except for a slight increase in Sold to 3rd Party auction sales on the courthouse steps. Notice of Default filings fell by 11.7 percent from June, and 30.6 percent from a year ago. Notice of Trustee Sale filings were down 5.4 percent from June, and have dropped 25.3 percent from July 2010. Cancellations decreased for the third consecutive month, with a 5.3 percent drop compared to June, and were down 32.0 percent year-over-year. Foreclosures going Back to Bank (REO) declined 4.0 percent from June, down for the second month in a row. Foreclosures Sold to 3rd Parties nudged up 1.2 percent from June, and are at the same level as this time last year. Time to Foreclose decreased slightly from June, down less than one percent to 313 days; although year-over-year remained up 19.5 percent. 3rd Party investors continue to resell inventory faster than banks, with the average at 131 days compared to the average Time to Resell for Banks at 235 days.
Foreclosure Radar for your Zip Code?....Just email me at sandra@homesbyfroni.com for your comprehensive and personal report.
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Foreclosures,REO's
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