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Real Estate & Property Law

: Housing Wire

Foreclosures Drop in California, As Lenders Boost Workout Attempts

By KELLY CURRAN

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Foreclosure sales in California dropped a sharp 39.1 percent between September and October, according to a report released by ForeclosureRadar late Wednesday. The drop, however, has largely been ascribed to recent legislation in the state that is effectively stalling most foreclosures amid new borrower notice requirements. Notice of Default filings increased slightly in October, up 2.8 [...]

Full post as published by Housing Wire on November 13, 2008 (boomark / email).

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