FORECLOSURE SALES DOWN SHARPLY

According to ForeclosureRadar, foreclosure sales in California are down 53 percent in the last year. Other March trends: Foreclosure sales to bank-down 62 percent; Bank-owned inventory-down 20 percent. According to the J.Lansner and J. Collins of O.C. Register, “As the number of Orange County foreclosures drops, the proportion of investors buying the properties at auction is on the rise…But even though a higher percentage of homes were bought by third parties, there were fewer such sales.”

Posted on April 27, 2012 at 9:30 am
Nancy Low | Category: Buyers, News, Sellers

Comments are closed.