Foreclosure Activity Drops to 3-Year Lows

By
Real Estate Agent with R&R Real Estate Partners, LLC 17808

New data released from RealtyTrac on Thursday show the foreclosure crisis is easing: Foreclosure notices filed during the first three months of 2011 dropped 27 percent compared with the first quarter of 2010. More than 681,000 homes received a foreclosure filing during the first quarter of 2011.

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Posted by

Franz Redl, Qualifying Broker/Managing Partner

R&R Real Estate Partners, LLC

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Susan Goulding
Crown Key Realty, Tracy & Mountain House Real Estate - Tracy, CA
Northern CA - Tracy & Mountain House Real Estate

It's not easing, the banks just couldn't foreclose due to robot signing fiasco.

My guess is, at least in Central CA, is the number of people living in their home not making payment is rising.

 

Apr 19, 2011 12:01 PM #1
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Franz Redl

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