Saturday, July 9, 2011

California foreclosures drop - Sacramento Business Journal:

http://sunsetwastesystems.com/publicOutreach.htm
The rate was second to Nevada, whichj saw a whopping rate of one foreclosure for everh 64 homesin May, according to ’s monthly foreclosur report, released Thursday. Florida came close to Californi a witha 1-in-148 foreclosure rate, followerd by Arizona (one in 158) and Utah (one in Nationwide, one in every 398 homes receiverd a foreclosure filing in May, down 6 perceny from April but up nearly 18 percent from May 2008. In 92,249 properties were forecloserin May, the highest total of any state and up almost 23 percent from May 2008, RealtyTrac reported. Bank repossessions in California were down 1 percent from the previousa month and defaults were down 18 percentf theservice said.
Scheduled auctions were up 18 In California, the hardest-hit metro area were Stockton (1 in 68 housing Modesto (1 in 71), Riverside-San Bernardino (1 in 75), Merced (1 in 78), Bakersfield (1 in 94) and Vallejo-Fairfielfd (1 in 101). Those areaxs were all on RealtryTrac’s top 10 worst metro areas nationwide.

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