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Loan Modification

: Loan Modification & Home Loan News

Cancelled Foreclosures Out Pace Home Sales in California

By Moe Bedard

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The amount of California foreclosure cancellations increased 26.5% in December to 13,243, primarily due to loan modifications.  And for the first time this number overtook foreclosures reaching real-estate owned (REO) status, according to ForeclosureRadar, which tracks foreclosure activity in the state. In December, the amount of foreclosures heading back to the banks, REO, dropped 11.9% from [...]

Full post as published by Loan Modification & Home Loan News on January 14, 2010 (boomark / email).

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